Best Credit Cards For Extended Warranty Coverage

Best Credit Cards For Extended Warranty Coverage

September 27, 2016         Written By Jason Steele

These offers, valid when the article was written, may have expired. View our full editorial disclaimer here.

Nearly every time you make a major purchase of electronics or appliances, the retailer will try to sell you an optional extended warranty plan. Purchasing one of these plans can seem like a good idea, as no one wants to pay for costly repairs soon after the manufacturer’s warranty expires. Yet at the same time, retailers push these plans because they are costly, and store employees often receive a commission on their sales.

One way out of this conundrum is to utilize the extended warranty coverage that may already be included in your credit card’s benefits. When you make an eligible purchase using a credit card that offers an extended warranty policy, it can add to the manufacturer’s warranty. Instead of extending the manufacturer’s warranty, these credit card benefits offer additional coverage provided by a third party which will repair or replace the item at its discretion.

Featured Fair Credit Card
Top Features :All credit types welcome to apply!

To use these policies, you need to be aware of exclusions and limitations. For example, it will likely exclude motor vehicles and parts, malfunctions due to normal wear and tear, as well as used goods and services. You should also be aware that there are limits to the value of the policy per claim and a maximum benefit per year or per cardholder. In addition, you will need to submit a copy of your receipt and your original manufacturer’s warranty when you file a claim, so be sure to keep those documents. Finally, check with your credit card issuer to find out the details of your card’s extended warranty policy.

Here is one of the best credit cards for extended warranty coverage:

Capital One Venture Rewards

card image
The Capital One Venture Rewards card offers extended warranty coverage as part of the Visa Signature program. The extended warranty protection program adds up to one additional year to eligible warranties of three years or less. The coverage has a limit of $10,000 per claim with a $50,000 maximum per cardholder. To file a claim, contact the benefits administrator at 800-397-9010.

New cardholders receive 40,000 bonus miles after using their card to $3,000 within three months of account opening, and two miles per dollar spent on all purchases. Miles are worth one cent each as statement credits toward travel purchases including airfare, hotels, car rentals, and cruises. There is a $59 annual fee for this card that is waived the first year, and no foreign transaction fees.

The information contained within this article was accurate as of September 27, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Jason Steele

Jason Steele is a journalist that covers credit cards, travel and consumer credit. As one of the nation's leading experts in credit cards, Jason has contributed to dozens of travel and personal finance outlets including NerdWallet, Credit Karma and the Points Guy, where he serves as the Senior Points and Miles Contributor. Jason has also been widely quoted in mainstream media in outlets such as the Washington Post, the USA Today and Bloomberg Business Week. Jason is also the founder and producer of CardCon, which is the annual Conference for Credit and Credit Card Media.
View all posts by Jason Steele