Are you buying a new laptop soon? Or maybe a washer and dryer for your new home? Many large purchases come with a warranty from the manufacturer to reassure you of their quality and functionality but sometimes your equipment breaks just right after the warranty ends. Wouldn’t it be nice if your warranty was a little longer?
Many credit cards come with policies that extend the warranty on your purchase if you purchased the item with that card. These are known as credit cards with extended warranty policies. A lot of credit cards have phased their programs out or have annual fees but there are still plenty on the market that give you extended warranty without an annual fee. In this article, I’ll be going over the best no annual fee credit cards with extended warranty.
Whenever I’m making a big purchase with a warranty, I always make sure to purchase with a credit card that gives extended warranty. Let’s go over some of the best no annual fee credit cards with extended warranty!
How Does Credit Card Extended Warranty Work?
Extended warranty simply extends the existing manufacturer’s warranty plan on your purchase. When making claims against your extended warranty, the credit card extended warranty doesn’t cover any more or any less than the original warranty plan. Make sure you save your receipt or proof of purchase.
Credit Card Providers With Extended Warranty
Various credit card networks, providers, and banks provide differing extended warranty plans. Not all credit cards come with extended warranty so make sure you check your credit card before you make a purchase.
Issuer, bank, or networkExtended warranty extension periodMax coverageMax length of initial warrantyCiti2 years$10,000 per item5 yearsAmerican Express1 year$10,000 per item$50,000 per account per year5 yearsChase 1 year$10,000 per claim$50,000 per account3 yearsVisa SignatureTime match up to 1 year$10,000 per claim$50,000 per cardholder3 yearsVisa Infinite 1 year$10,000 per claim$50,000 per cardholder3 yearsUSAATime match up to 1 year$15,000 per claim$50,000 per account3 yearsCredit: The Points Guy
Items That Extended Warranty Might Be Worth It For
Here’s a list of items in which using an extended warranty credit card would be worth it:
Electronics such as laptops, computers, tablets, iPads, cell phones, cameras, etc.
Appliances such as washers, dryers, microwaves, coffee machines, etc.
Jewelry and watches
Tools such as drills, saws, lawn mowers, etc.
Furniture
Sporting goods and fitness equipment
This list is definitely not comprehensive and there may be tons more out there that an extended warranty may be good for. If you have a purchase in which you think you can make use of the extended warranty policy, make sure you use the right credit card for it!
What to Keep To Utilize Credit Card Extended Warranty
In order to make use of your extended warranty if the time comes, make sure you keep these readily available:
Original receipt from the purchase
Credit card statement in which the charge is placed
Original manufacturer’s warranty document
If you’re unable to file a claim with your manufacturer’s warranty because the timeframe has passed, you can file one with the benefits administrator of your credit card. Make sure you do this before you incur any charges for repairs as they might tell you to send your item to a specific facility. They will tell you what kind of documentation and evidence is needed to use your extended warranty policy.
What Does Credit Card Extended Warranty Cover?
Credit card extended warranty typically covers exactly the same things that a manufacturer’s warranty would cover, no more and no less.
If there is no original manufacturer’s warranty on the product, you can’t use a credit card extended warranty to give it warranty. Credit cards only extend your warranty and not provide one for it.
What if I Already Purchased Extended Warranty?
If you purchased an extended warranty plan for your item already, your credit card’s extended warranty adds onto that after the end of your purchase original extended warranty ends. So you get an even longer warranty on your item!
Is Credit Card Extended Warranty Worth It?
With a no annual fee credit card with extended warranty, extended warranty is completely free!
Even if you have an annual fee credit card that has extended warranty, you may as well take advantage of the offer.
Just like any insurance policy, extended warranty may seem like a waste of time and money until it isn’t. Many credit cards with extended warranty come with an annual fee which may make it seem like it’s not worth it. But if it’s free with your credit card, why not take advantage of it?
Although it’s becoming much less common, there are definitely no annual fee credit cards with extended warranty. Below, I’ve listed three of my favorite no annual fee credit cards with extended warranty.
Best No Annual Fee Credit Cards With Extended Warranty
The best way to take advantage of extended warranty without worrying about if it’s worth it is to get one of the no annual fee credit cards with extended warranty listed below.
Chase Freedom Flex and Chase Freedom Unlimited
Chase Freedom Flex is constantly an overall great credit card with no annual fee. It also comes with an extended warranty of 1 year with up to $10,000 per claim and $50,000 per account.
Both of these no annual fee Chase credit cards also come with these benefits:
$200 bonus after spending $500 in the first three months.
5% back on travel booked through Chase Ultimate Rewards portal.
5% back on gas stations and grocery stores on up to $12,000 spent for the first year.
3% back on dining and drugstore purchases.
Three month subscription to Door Dash DashPass.
The main two differences between these cards in terms of rewards structure are
Chase Freedom Flex gets 5% back on up to $1500 in purchases on specific categories per quarter.
Chase Freedom Flex gets 1% on purchases that don’t fall within any other higher reward category.
Chase Freedom Unlimited gets 1.5% on purchases that don’t fall within any other higher reward category.
Chase Freedom Flex can give a huge advantage getting 5% on various categories if you’re willing to keep track of the bonuses. This also requires an activation every quarter. If you don’t like keeping track of various categories, Chase Freedom Unlimited (giving you 1.5% on everything else) will be the better option.
Chase Extended Warranty Exceptions
Chase’s extended warranty on its credit cards come with some exceptions:
Boats, cars, aircraft or any other motorized vehicle
Items purchased for resale, professional, or commercial use
Rented or leased items
Computer software
Medical equipment
Used or pre-owned items
Citi American Airlines AAdvantage MileUp
Citi’s American Airlines AAdvantage MileUp card is a co-branded Citi x American Airlines card with no annual fee that gives you extended warranty of two years with up to $10,000 per item.
The perks of the American Airlines AAdvantage MileUp card are below:
10,000 AAdvantage Miles and a $50 statement credit after spending $500 in the first three months.
2x miles on groceries and American Airlines purchases
1x mile on every other purchase
1x Loyalty Point for every eligible American Airlines mile earned with your purchases
I recently bought an iPad for my boyfriend’s birthday and placed the purchase with my Citi AAdvantage MileUp card because of the 2 year extended warranty.
Citi Extended Warranty Exceptions
Citi’s extended warranty plan has a few exceptions. Many of these may seem like common sense but make sure to read the fine print before you expect to have extended warranty on a purchase with your card:
Boats, cars, aircraft or any other motorized vehicle
Used, antique, or pre-owned items
Items purchased for resale, professional, or commercial use
Land, buildings, houses
Plants, live items
Items that don’t come with an extended warranty
Services, unless covered by manufacturer’s warranty
Best No Annual Fee Credit Cards With Extended Warranty – Summary
Extended warranty is a great underrated perk on credit cards that not many people may know about or take advantage of. If you have any credit cards with extended warranty, make sure you use them for any bigger purchases. If not, what are you waiting for? Open one today!
Hello, I’m Chloe! I’m the primary author of Off Hour Hustle. Currently, I work as a software engineer, sell products through eBay, Etsy, and OfferUp, have 26+ credit cards, and am always working to diversify my income streams. In my spare time, I enjoy climbing, hiking, and other outdoor activities.
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