What To Know
- As a holder of the Chase Sapphire Preferred® Card, you may wonder, “Does Chase Sapphire Preferred have purchase protection.
- Purchase protection is an insurance-like feature offered by credit card companies that covers you in the event of theft, damage, or loss of eligible purchases made with the card.
- Yes, you can file a claim for an item that was damaged during shipping, provided it was purchased with the Chase Sapphire Preferred® Card.
When it comes to safeguarding your hard-earned purchases, purchase protection can be an invaluable asset. As a holder of the Chase Sapphire Preferred® Card, you may wonder, “Does Chase Sapphire Preferred have purchase protection?” In this comprehensive guide, we’ll delve into the details of the card’s purchase protection coverage, ensuring you make informed decisions about your purchases.
What is Purchase Protection?
Purchase protection is an insurance-like feature offered by credit card companies that covers you in the event of theft, damage, or loss of eligible purchases made with the card. This coverage typically extends beyond the manufacturer’s warranty, providing additional peace of mind.
Chase Sapphire Preferred Purchase Protection
Yes, the Chase Sapphire Preferred® Card offers purchase protection. This coverage extends for 120 days from the purchase date and covers up to $500 per claim and $50,000 per account per year.
Eligible Purchases
The Chase Sapphire Preferred® Card‘s purchase protection covers most purchases made with the card, including:
- Clothing and accessories
- Electronics
- Furniture
- Appliances
- Jewelry
- Sporting goods
- Tools
Excluded Purchases
Some purchases are not covered by Chase Sapphire Preferred® purchase protection, such as:
- Vehicles
- Real estate
- Services
- Gift cards
- Cash advances
- Travel expenses
How to File a Claim
To file a claim, you must contact Chase within 60 days of the theft, damage, or loss. You will need to provide proof of purchase, a police report (if applicable), and a description of the incident.
Reimbursement Process
If your claim is approved, Chase will reimburse you for the purchase price of the damaged or stolen item, up to the coverage limits. Reimbursement is typically issued as a credit to your Chase Sapphire Preferred® account.
Additional Benefits
In addition to purchase protection, the Chase Sapphire Preferred® Card offers other benefits that can enhance your financial well-being:
- Travel rewards: Earn points on every purchase and redeem them for travel, experiences, and merchandise.
- No foreign transaction fees: Use your card abroad without incurring additional charges.
- Chip and PIN technology: Protect your card from fraud with advanced security features.
Takeaways: Secure Shopping with Chase Sapphire Preferred
With its comprehensive purchase protection coverage, the Chase Sapphire Preferred® Card provides peace of mind when making purchases. By understanding the coverage details and following the claim procedures, you can maximize the benefits of this valuable feature. Whether you’re shopping for a new wardrobe or upgrading your home appliances, the Chase Sapphire Preferred® Card has you covered.
Popular Questions
Q: What is the time limit for filing a purchase protection claim?
A: You must file a claim within 60 days of the theft, damage, or loss.
Q: Is there a deductible for purchase protection claims?
A: No, there is no deductible for purchase protection claims.
Q: Does purchase protection cover lost or stolen gift cards?
A: No, purchase protection does not cover lost or stolen gift cards.
Q: Can I file a claim for an item that was damaged during shipping?
A: Yes, you can file a claim for an item that was damaged during shipping, provided it was purchased with the Chase Sapphire Preferred® Card.
Q: How long does it take to receive reimbursement for a purchase protection claim?
A: Reimbursement is typically issued within 14 business days of claim approval.
