American Express Platinum Card: purchase protection

What the summary says

Purchase protection up to $10,000 per claim for 90 days after you buy

Stated limit: up to $10,000 per claim, 90 days. That is the largest stated limit among the 16 cards here whose summaries give one for purchase protection.

Read from the issuer's benefit summary 2026-09.

Who it is worth it for

If purchase protection is the reason you are looking at the American Express Platinum Card, the Bilt Mastercard lists it too, with no annual fee — $895 a year less. 22 cards here carry it for a lower fee in all. What the difference buys is the rest of the American Express Platinum Card: its rewards and the other benefits below. Compare the two summaries before deciding they are the same cover.

On rewards alone, the illustrative household spending $2,205 a month (the assumption, in full) earns about $625 a year on the American Express Platinum Card, or −$270 once its $895 fee is paid. So the rewards leave $270 of the fee for the card's credits and benefits — this one among them — to make up. It is worth it for somebody who would use enough of them, at face value, to cover that gap; credits are not priced here because they are worth their face only if you would have spent the money anyway.

Every card here with purchase protection

The American Express Platinum Card's other dated benefits

• Rental car — secondary cover
• Extended warranty
• Trip delay — up to $500 per claim
• Trip cancellation — up to $10,000 per claim
• Baggage — up to $3,000 per claim
• Priority Pass lounges
• Centurion lounges
• Global Entry / TSA PreCheck
• Airline fee credit
• Concierge