Credit Cards

Best Credit Card with extended warranty and purchase protection

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  • Aug 25th, 2021 5:18 am
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[OP]
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Aug 19, 2008
496 posts
180 upvotes

Best Credit Card with extended warranty and purchase protection

BMO cashback world elite MC offers additional 2 years, e.g. new appliance has one year and if you pay the full amount with this MC, then you are covered for an additional 2 years, so total 3 years

* Anybody have experience making a claim?
* Any exclusions what is not covered for appliances?

Comparing CC extended warranty coverage instead buying extended warranty from store.

Any other CC offer longer extended warranty coverage?
4 replies
Deal Addict
Feb 26, 2006
4185 posts
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Ottawa
Surprisingly a cibc privilege is better than a amex business platinum. Buddy has these and was asking which is better for appliances.
I think cibc had 2 years and better claims amounts
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May 8, 2009
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Going to the Moon
I value highest approval rate and fewest exclusion clauses over anything else, so anything extended warranty I'll use AmEx.
Premium Life: CDC [Icey Private Status]/SwissBorg Genesis/InLock/Netflix UHD [100% off]/Amazon [Prime 100% off]/Instacart [Express]
Deal Fanatic
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Apr 24, 2017
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titaniumtux wrote: I value highest approval rate and fewest exclusion clauses over anything else, so anything extended warranty I'll use AmEx.
I think Visa Infinite Privilege is better than Amex on insurance (travel/purchases).
Amex Cobalt - MBNA RWE - Brim WE
Amex Platinum - Bonvoy Brilliant Amex - CIBC Aeroplan VIP
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Dec 20, 2017
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EdisonL299 wrote: I think Visa Infinite Privilege is better than Amex on insurance (travel/purchases).
Even within the various Visa infinite privilege cards, their insurance coverages differ greatly. I compared all 3 of my VIP cards and TD came out ahead for general electronics purchases.

Some have yearly caps, while others have per cardholder account / lifetime caps. Some triple the warranty up to two years, others double warranty up to two years.

Amex does have the edge for filing claims online though, despite the worse coverage. All other Visas require you to mail a letter to a PO box or call / fax to initiate the claim. Amex's insurance policy is pretty average, in line with generic 1 year Visa / MC policies.


BMO VIP triples the warranty up to two additional years. If Manu warranty is 5+ years, you must register it within 1 year from purchase. Does not mention if you get two additional years if registered.
If Manu ceases business for any reason, extended warranty will end automatically!
Capped at $60k lifetime claims per account (primary card account)
Claim must be made *immediately* from loss (no leeway on days mentioned in Certificate of Insurance)


TD VIP doubles the warranty or adds 2 additional years, whichever is less (for automatic warranty).
If manufacturer's warranty is 5 years or more, you need to register it to receive 2 additional years of free wareanty.
Capped at $60,000 for all TD Credit Cards of the Account Holder (primary + AU).
Claims must be made within 45 days of loss

RBC VIP PB:
Triples warranty up to two additional years, but combined Manu warranty + extended cannot exceed 5 years.
The maximum amount of coverage is $50,000 per RBC Avion Visa Infinite Privilege for Private Banking account for each year,
Claim must be filed within 120 days of loss, or if not reasonably possible, within 1 year.

If you're someone to lose/break $50k worth of stuff a year, the RBC card may be a better bet... But for most people, TD has the edge.

I don't own a CIBC VIP card so I haven't bothered checking.
💳 Collected: RBC VIP for Private Banking, TD VIP, BMO VIP, HSBC Premier WE MC, Amex PP, Amex BP, Amex BG, Amex Cobalt, BMO WE MC, CDC Indigo

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