A credit-based score includes the same factors as a regular
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| American Express | DISCOVER | Visa | MasterCard | |
|---|---|---|---|---|
| All | Visa Signature cards | All | ||
| Maximum extra time offered on original warranty, in years | 1 (3 for Centurion members) | 1 | 1 | 1 |
| Maximum duration of original warranty, in years | 5 | 3 | 3 | 1 on standard cards, up to 5 on World cards (varies by issuer) |
| Maximum coverage (per claim/ per year) | $10,000/ $50,000 | $10,000/ $50,000 | $10,000/ $50,000 | $10,000/ no limit |
| Is wear and tear excluded? | No | Yes | No | Yes |
| How do I file a claim? | Call 800-225-3750 within 30 days of loss. | Call 800-DISCOVER (800-347-2683) within 45 days of loss. | Call (800-882-8057) within 60 days of loss. | Call 855-569-7366 within 60 days of loss. |
| How long does it take? * | Your account will be credited with a reimbursement within 14 business days after the examiner receives the paperwork. | Your account will be credited with a reimbursement within 60 days after the examiner receives the paperwork. | Within five days of receiving the paperwork, a customer service rep will follow up with you. If the request is approved, you’ll get a check in the mail within seven to 10 days. | Depending on the size of the claim, it could take between seven days and a few months to get a claim approved and receive a reimbursement. |
| Source | American Express extended warranty terms | Discover extended product warranty terms (requires log-in) | MasterCard Guide to Benefits | |
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Did you know...
They had always called it the green river. It made sense. The river was green. The river likely had a different official name, but to everyone in town, it was and had always been the green river. So it was with great surprise that on this day the green river was a fluorescent pink.
Frequently Asked Questions
What is a CD?
- Definition: A CD, or certificate of deposit, is a bank account with a fixed interest rate that’s generally higher than that of a regular savings account, and a fixed date of withdrawal, known as the maturity date. Common terms range from three months to five years.Chase Sapphire Preferred® Card
- Main advantages: The ability to lock in rates when they’re high is one of the most attractive features of a CD, especially since regular savings accounts have variable rates subject to change at any time. Even outside of high-rate environments, though, CDs provide a safe, federally insured place for short-term savings.
- Main downsides: You’ll generally have to pay a penalty if you withdraw your money before a CD matures; the penalty can be equal to several months’ or a year’s worth of interest.
- What else to consider: If you’re thinking about CDs, compare the highest CD rates today.
Are CDs safe?
Yes. Most banks and credit unions insure your money in a CD up to $250,000 per person per account type, such as single-owned and joint accounts. See more details about how CDs are FDIC insured. Plus, your returns are guaranteed as long as you don’t withdraw early, in which case you may have to pay a penalty.
Is my money safe in a brokerage account?
The nonprofit Securities Investor Protection Corporation insures cash and securities up to $500,000, with a $250,000 limit on cash losses. But this protects you only in the event your stockbroker fails. Any losses and gains of your investments carry no protections.
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