What Are the Best Travel Credit Cards With Purchase Protection?

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There are many reasons to obtain a good travel credit card. After all, today’s best cards offer excellent rewards and sign-up bonuses. Additionally, you’ll often score perks like airport lounge access, trip protection, and even travel credits. All of these travel-related benefits are great, but what can these cards do for your daily spending – namely, in regards to credit cards with purchase protection?

Luckily, there are a few great travel credit cards that not only offer perks when you’re on the go. They also protect your day-to-day spending at home. Let’s take a closer look at several travel credit cards with purchase protection in their suite of benefits. They will grant you peace of mind everytime you swipe.

I've used my Chase business credit card to earn valuable travel rewards.

I’ve used my Chase business credit card to earn valuable travel rewards.

What is Purchase Protection?

First, let’s define purchase protection and what it does.

Purchase protection is a feature some credit card companies offer on products as a way to protect your purchases. It allows consumers some recourse if their purchases are damaged or stolen within a specified period of time.

Each credit card issuer has their own stipulations for coverage. This includes the length of time that you have to file a claim, the reasons for coverage, a monetary limit for each item’s claim, and even an annual total claim limit. They may also have their own unique names, such as calling the feature purchase security.

Typically, purchase protection will cover your new purchases for around 90-120 days following the original transaction. During this time, you will be protected if the item is accidentally damaged or stolen.

It’s important to note that purchase protection is not the same as price protection. The latter, offered by cards like the Citi Double Cash or the Chase Freedom, will refund the price difference if an item you buy is discounted soon thereafter.

Common Exceptions of Credit Cards With Purchase Protection

While purchase protection is a great feature to have and can offer added peace of mind, you need to know the limitations of the coverage. Each card issuer has its own exceptions, but here are a few of the most common. Your purchase protection does not usually cover things like:

  • Live animals
  • Antiques or collectibles
  • Plants
  • Tickets of any kind, such as to a concert or sporting event
  • Used goods
  • Cars and other motorized vehicles, including parts and accessories
  • Items purchased for resale
  • Medical or dental equipment
  • Perishables or consumables (like batteries, perfume, light bulbs, food, and more)
  • Permanent fixtures (carpeting, flooring, A/C units, heaters, etc.)
  • Monetary products like traveler’s checks and gift certificates/cards

Even if you purchase an item that is covered, your claim may still be denied. With some card products, your item will not be covered under the purchase protection if it is lost or misplaced. This means that if you leave your iPad in a cab, you’re probably out of luck. However, if you spill coffee on it the week after it’s ordered, you’re probably covered.

Some cards, like the Platinum Card from American Express, will cover lost items. For most others, you’ll need a police report to accompany a claim of theft. Otherwise, you won’t be able to take advantage of the offered protection.

Lastly, the biggest requirement for coverage is that you need to have actually purchased the damaged/lost/stolen item using the card in question. Some issuers require you to have paid for the entire item with their card in order to receive the purchase protection benefit.

Others will accept a claim even if you only partially paid for the item with their card. In cases of the latter, though, be aware that your coverage will change. This is usually limited to the cost of replacement or the dollar amount charged using the issuer’s card, whichever is less.

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Which Companies Offer Travel Credit Cards With Purchase Protection?

There are many travel credit cards with purchase protection, in addition to a host of other benefits. These cards are definitely worth having in your wallet. You’ll be able to enjoy not only perks related to travel and everyday rewards, but also protect your big purchases.

Below is a list of some of the best travel credit cards with purchase protection, all on the market today. Be sure to take note of the limits imposed by each card. This includes the dollar amount allowed per claim per year and the number of days that coverage is offered. If purchase protection is a benefit that you want to have, these cards are certainly worth a look:

CardCoverage LengthCoverage Limits
Platinum Card, Delta Reserve, Gold Card, and Premier Rewards Gold Card from American Express90 days$10,000 per claim/$50,000 per calendar year (also includes lost items)
All other American Express card products90 days$1,000 per claim/$50,000 per calendar year
Chase Ink Plus Business Card120 days$10,000 per claim/$50,000 per year
Chase Sapphire Reserve120 days$10,000 per claim/$50,000 per year
Chase Sapphire Preferred120 days$500 per claim/$50,000 per account
Citi/AAdvantage Executive World Elite Mastercard120 days (90 for NY residents)$500 per claim/$50,000 per year
Citi Prestige120 days (90 for NY residents)$500 per claim/$50,000 per year
Marriott Rewards Premier Card120 days$500 per claim/$50,000 per account
United MileagePlus Explorer Card120 days$10,000 per claim

Travel Credit Card With Purchase Protection: Final Thoughts

It’s important to pay attention to the benefits guide for your particular card so you can see exactly what limitations exist. Whether you’re looking at making a large purchase soon and want added protection or simply want to have peace of mind, these excellent travel credit cards with purchase protection can offer you even more than you thought.

Mary Renking

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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.

What Are the Best Travel Credit Cards With Purchase Protection?
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About the Author

Mary Renking
Mary writes about how to book travel with award miles & points, reviews top travel credit cards, and basic rewards news.

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