Credit Card Extended Warranty

Extended warranty cover comes in handy if you have a problem with something you buy. Learn more about what's covered and compare credit cards.

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Name Product Purchase rate Balance transfer rate Annual fee
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 36 months
$29 annual fee for the first year ($129 p.a. thereafter)
Save money with a 0% balance transfer rate for 36 months (with no BT fee), a first-year annual fee discount and free travel insurance.
Citi Clear Card - Balance Transfer Offer
14.99% p.a.
0% p.a. for 36 months
$99
Offers 0% p.a. on balance transfers for 36 months with no balance transfer fee. Plus, complimentary insurance covers.
American Express Platinum Edge Credit Card
20.74% p.a.
$195
Earn 50,000 bonus points when you spend $1,500 within the first 3 months. Plus, a $200 statement credit offer.
Citi Premier Qantas Card
21.49% p.a.
0% p.a. for 6 months
$175 annual fee for the first year ($350 p.a. thereafter)
Get 100,000 bonus Qantas Points when you spend $4,000 in the first 90 days and a first-year annual fee discount.
Citi Clear Card - Cashback Offer
14.99% p.a.
0% p.a. for 15 months
$49 annual fee for the first year ($99 p.a. thereafter)
Get $250 cashback when you spend $3,000 in the first 90 days. Plus, free wine when you dine and purchase insurance cover.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 28 months
$0 annual fee for the first year ($129 p.a. thereafter)
Get 0% p.a. on balance transfers for 28 months (with no BT fee). Plus, $0 annual fee in the first year. Ends 31 October 2021.
Westpac Altitude Black
20.49% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$99 annual fee for the first year ($250 p.a. thereafter)
Earn 180,000 bonus Altitude Points when you spend $6,000 within the first 120 days. Plus, save with 0% interest on balance transfers.
Westpac Altitude Platinum Card
20.49% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$49 annual fee for the first year ($150 p.a. thereafter)
Get 130,000 bonus Altitude Points (worth $450 cashback) when you spend $3,000 in the first 90 days, a 0% balance transfer offer and a $49 discounted annual fee.
Citi Premier Card
21.49% p.a.
0% p.a. for 6 months
$150 annual fee for the first year ($300 p.a. thereafter)
Enjoy 130,000 bonus points (worth $450 in eGift cards) when you spend $4,000 within the first 90 days. Plus, a first-year annual fee discount.
ANZ Frequent Flyer Black
20.24% p.a.
20.24% p.a.
$425
New Cashrewards Max benefit. Up to 130,000 bonus Qantas Points and $255 back when you meet the spend criteria. Plus, complimentary lounge passes.
American Express Platinum Business Card
0% p.a.
$1,750
ABN holders w/ $75,000 revenue. Get 200,000 bonus Membership Rewards points and a $300 credit when you spend $5,000 in the first 3 months.
CommBank Ultimate Awards Credit Card with Qantas Points
20.24% p.a.
5.99% p.a. for 5 months
$450
Receive 70,000 bonus Qantas Points when you apply and spend $5,000 in the first 90 days from card approval. Plus, 0% foreign fees.
Citi Rewards Card - Purchase and Balance Transfer Offer
0% p.a. for 14 months, reverts to 21.49% p.a.
0% p.a. for 14 months
$49 annual fee for the first year ($149 p.a. thereafter)
Save with 0% on purchases and balance transfers for 14 months with no balance transfer fee. Plus, $49 first-year annual fee.
Citi Rewards Card - Points & Gift Card Offer
21.49% p.a.
0% p.a. for 15 months
$49 annual fee for the first year ($149 p.a. thereafter)
Receive 90,000 bonus Citi reward Points (worth $400 in gift cards) and a $100 Coles eGift Card when you spend $3,000 in the first 90 days. Ends 31 October 2021.
Bankwest Breeze Platinum Mastercard
0% p.a. for 15 months, reverts to 9.9% p.a.
0% p.a. for 15 months
$0 annual fee for the first year ($69 p.a. thereafter)
Get 0% interest on purchases and balance transfers for 15 months, a $0 first-year annual fee and no foreign transaction fees.
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What is extended warranty?

Extended warranty insurance is a benefit to eligible credit card holders and extends the cover of the manufacturer's warranty on personal goods purchased with your credit card. The cover essentially extends the manufacturer's expressed Australian warranty on personal goods purchased with the eligible credit card. The insurance doesn't affect your rights against a manufacturer in the event if a law is violated under Australian legislation.

What are the types of extended warranty?

Generally, there is only one type of extended warranty but its the period of extended warranty that differs. The extended warranty period will match the period of the Australian warranty period, with a maximum of 12 months and doesn't apply if the existing Australian warranty is in excess of 5 years. So if you had bought an item that already had a 5 year warranty, you would not be eligible for extended warranty insurance.

Australian warranty period (when you buy the item)

You'll be covered for an additional:

7 days

7 days

34 days

34 days

6 months

6 months

1 to 5 years

1 year

Cover 5 years

No cover

How does extended warranty work?

When you purchase an item, there may be an Australian warranty already in place for the purchase. This is the manufacturer's expressed written warranty, that is applicable and able to be fulfilled within Australia and needs to be officially registered with the manufacturer. The extended warranty from your credit card will take place after the Australian warranty period ends, given that it is less than 5 years. Only items with a manufacturer's unique identification number will be covered under this particular insurance. If you want to make claim for the extended warranty insurance, usually an excess will apply.

The following also needs to apply to be eligible:

  • You must purchase the item with your credit card in order to get the benefit.
  • Some credit card companies require you to register your item with them in order to get the extended warranty coverage.
  • If you need to use the extended warranty, you will have to show proof of purchase and your credit card receipt proving you used your card to pay for the item.
  • If you purchased any additional coverage, you will have to provide proof of that as well as the manufacturers warranty.
  • If you cancel the card you used for the purchase, the extended warranty will also be voided.
  • In order to file a claim, you will have to meet all of the above listed terms and fill out a claims form that your credit card company will provide.

How to compare extended warranty

  • Excess - You will most likely need to pay a certain amount for each extended warranty insurance claim. This isn't an additional fee charged by the insurer at the time of making a claim, but a portion of the loss for which the credit card holder has incurred.
  • Claim process - Insurers all have similar processes as to how you can claim extended warranty insurance, but some may be more complicated than others. When you apply for your credit card you can enquire with the provider about the steps involved as they should have an idea.
  • Limits - The liabilities for claims usually have a limit on the amount you claim within a year, or it has to match the purchase price of the personal goods that were purchased with your credit card.

Pros and cons of extended warranty

Pros

  • Peace of mind - Nowadays you don't have to worry about buying a separate warranty if you are planning to pay for it with one of your credit cards.
  • Easy to access - Many rewards and premium credit cards now come with complimentary extended warranty on eligible purchases. Many retail rewards credit cards come with this kind of offer.

Cons

  • Only applies to Australian purchases - In most cases, the warranty will only apply when you buy an Australian manufactured product. This means that if you try to shop overseas or online the warranty won't apply.
  • Fine print - Be sure to check with your lender to see if the product is covered under the terms and conditions. But if the purchase is eligible, you will get cover for up to 12 months after the purchase.

What to avoid with extended warranty

  • Not knowing the terms and conditions - It is important for you to know when and where your extended warranty applies, and if you have any questions you should go directly to your lender to sort any doubts on its usage. Take a look at the following highlights which will lead you through the way of using the extended warranty.

Frequently Asked Questions

Can I extend the extended warranty insurance for up to 24 months?

This depends on the terms and conditions of your extended warranty insurance. Generally, if your existing Australian warranty is under 5 years then it should be possible.

Are there credit cards with travel insurance and extended warranty insurance?

It is common for high annual fee and reward credit cards to have both travel insurance and warranty insurance. To check, please read the our reviews on the particular credit card you're interested in.

How do I extend my warranty with American Express?

You can contact the American Express concierge, or Allianz Insurance to request this.

How do I extend my warranty with Visa or any other credit card?

You can contact the insurer of your credit card provider to request this.

Images: Shutterstock

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