Many credit cards offer extended warranty programs. I have never used them and I suspect most consumers do not use them out of ignorance and laziness. Let’s discuss how these programs work, what actions we need to take as intelligent consumers to maximize them, and real life experiences in using them.
A few points to start:
- Which credit cards offer the best extended warranties?
- Do you need to submit any paperwork to the CC company in advance of using the warranty to activate it, perhaps sending in a copy of the paper receipt within 90 days of purchase?
- Are there any exclusions to be aware of?
- Real life experiences filing claims that were denied or approved - what was required to submit for the claim form and what was the timeline in receiving compensation? Was compensation in the form of paying to repair the item or replace it and was the payment prorated?