Latest responses to “Get A Free Extended Warranty By Purchasing With A Credit Card” Copyright 2012, MoneyBlueBook.com 412490 2010-10-06T20:31:26-07:00 P.Kaufman Used a Visa Signature card(CAPITAL ONE) buying a TV from Circuit City 2 yrs. ago. NOW when it's time to use the warranty I'm having a prob. with my TV they're saying that it's NOT covered the warranty IS not in effect because I pd. for part of the purchased with a gift card. NO one ever said anything 2 yrs ago. when I SENT all the information of purchase into VISA on the TV included receipt etc. NOW i have a TV which they said is not covered under their warranty that I had for 2 yrs. 412480 2010-07-13T00:14:55-07:00 Jared BTW Discover now DOES offer extended warranties for products purchased on the credit card. Most accounts do anyways, I tried to find the info on-line but the representative said it is not online. You should contact their customer service to have them send you the info if you have a discover card. 412440 2010-02-09T00:31:49-08:00 John B. Good article. I would add that Citi Master Cared does not cover A/C Heating units purchased under the Extended Warranty Program. These units are considered permanent structures. Which is amazing- since the 56" entertainment center TV is just as permanent and is covered. 412470 2010-01-10T09:04:37-08:00 mario According to my mastercard agreement these are exceptions used, rebuilt or remanufactured items; computer hardware, accessories or peripherals, computer repair or software; or automobiles, motorboats, airplanes, motorcycles, motorscooters, snowblowers, riding lawn mowers, golf carts, lawn tractors or any other motorized vehicles (except for miniature electrically powered vehicles intended for recreational use by children) or any of their respective parts or accessories. As I purchased a new laptop 412460 2009-09-23T20:54:36-07:00 Joel K I have the credit card company pay the balance in full each month from my checking account. I still get the bill and there more than enough time to stop the bank from paying, or I can go online to the credit card site and stop the automatic draft 412420 2009-07-17T05:42:39-07:00 Robert This is a very interesting article, thanks for posting it. I live in Wisconsin and I do a fair amount of online shopping for electronics. A few years ago, I had switched to Square Trade. While I have had a few items warranted by SquareTrade, none ever failed. The big benefit that I did see is that the cost is about one third what Best Buy and others are charging. However, I recently went online to add a warranty of an item at Square Trade and found out they no longer sell warranty services to Wisconsin nor Maine. I find I am using Paypal for most of my purchases. What I'd like to see is an in depth article about any kind of warranty extension you receive if you purchase through Paypal. I believe there is supposed to be something, but I have not had time to look into it further. Also, what if your credit card is actually a debit card through your bank? Do the same warranty coverages apply? I would also like to see an article that contains a listing and analysis of low cost online warranty service providers other than Square Trade. Perhaps the article could include ranking of providers by price, how long they have been in business, complaints against them by BBB, and any pitfalls about their contracts. Example: clauses that may allow them to not cover your situation. Good article. I'll be looking into credit cards further as an option to replace Square Trade. 412450 2009-06-10T17:29:33-07:00 Mark James, I believe you are leading people astray. Credit cards are extremely beneficial to the savvy consumer. If you purchase a big ticket item on a card, but pay your balance off in full every month (thus no APR) it is just like using a debt card only you increase your credit score and get a host of other benefits cards offer (like these extended warranties). You also have to check your bills every month to be on top of any fraudulent charges or miscellaneous charges by your card company, and also don't get cards with annual fees unless you justify them with your purchasing. Remeber CREDIT CARDS ARE NOT YOUR ENEMY IF YOU USE THEM WISELY. to the good life, mark 412430 2008-12-26T13:42:01-08:00 Steve An excellent overview. I have had personal experience in the past year with both a Visa extended warranty claim and a store bought extended warranty. That experience has led me to believe that not only are the Visa warranties vastly cheaper, they are also better. Both claims involved lcd tv's. The Visa warranty covered the first one. I was required to take it to a service facility and get a repair estimate. The manufacturer was defunct, and the technician could not get the necessary part. He put this on the estimate, I submitted to Visa, and they reimbursed me for the full purchase price plus sales tax. A remarkably hassle free experience. Under the purchased extended warranty, the administrator selects a servicer to do in home repair, if possible. The terms of the contract are vague and consistently vest all determinations with the administrator. In this instance the part was ordered but was still not received after 60 days. At that point they offered a different unit as a replacement or the cash value of that unit in cash. I must admit that their ultimate settlement was reasonable, but it was a long time coming. I was revlieved however because I had no idea what to expect given the amiguity and vagaries of the contract language. But I think had it been covered by the Visa policy I might well have gotten back $900 more. Credit cards are one of the great freebies for those who have self discipline and don't carry balances. They are great for managing finances, convenient, safe, and can generate a substantial financial bonus through rewards programs and benefits such as these. I am buying a replacement LCD today, and will be purchasing the Visa 5 year coverage at a cost of $96 versus $249 from the retailer for what I am pretty sure is an inferiorior product. 412410 2008-04-30T02:19:43-07:00 James Hum. First off, thanks for a thought provoking post. There are many uses to credit cards that a savvy consumer might consider making use of. However, over the long run most consumers are better off switching to a debit card and paying all cash after comparison shopping. Getting involved with credit cards can just expose you unnecessarily to the risks inherent in borrowing - e.g. abusive fees or high interest rates. Thanks, James