The Extended Warranty and the 3 Secrets You Still Don't Know

With the Extended Warranty you can double the warranty of a product, in some cases, at no additional cost. Read the text and find out more!

Have you ever said the following sentence: “Back in the day, things seemed to last much longer!” 

Really! It seems!

Of course, we don't know the mysteries behind this: whether it's just an impression, whether the products have lost quality or are actually made to last less, for example.

In addition to choosing the best products, a great way to have more peace of mind when purchasing a product is with guarantee. 

This way, you know that you can have a new product or your money back if it presents any problem or defect that was not caused by misuse.

However, this warranty does not last as long as it used to, sometimes it seems like the product is just waiting for the manufacturer's warranty to end to present a problem.

Did you know that it is possible to extend this warranty and make your purchase even safer? In today's text you will learn about Extended Warranty, an insurance that brings more security to your purchases.

Don't miss it! See below the topics covered in this post:

• What is Extended Warranty?
• How Mastercard Extended Warranty works;
• Visa;
• Link;
• Credit cards with this insurance;
• Discover the three secrets about the Extended Warranty;
• Americanas Stores Extended Warranty;
• Bahia Houses;
• Magazine Luiza;
• Conclusion.

What is Extended Warranty?

It is an insurance that allows you to extend the original warranty of a product.

This insurance is offered by some companies, especially credit card brands: Visa, Elo and Mastercard. In fact, there is no additional cost in this case.

However, it is possible to take out this insurance with other companies, even retail stores, for example, Americanas.

See below how this insurance works in each of these companies.

How does the Mastercard Extended Warranty work?

The Mastercard Extended Warranty is only valid for Gold and Black cards issued in Brazil. 

This insurance works in a simple way: if you happen to purchase an item with an eligible card and it develops a defect, the company will pay the repair costs, refund you the original price or cover the cost of replacing the product.

However, there are some rules and conditions involving this insurance.

The main rule is that, before activating the insurance, you need to issue the Insurance Ticket, otherwise, you will not be able to enjoy the benefit.

It can be issued in the AIG portal, the company responsible for providing insurance. To issue the policy, you will need to provide your credit card number, email address, CPF or passport.

Furthermore, the Guarantee can only be extended up to twelve months, meaning you will only have one more full year of coverage. 

However, in that time your product may present many problems, so the benefit will be very useful.

To be eligible, the product purchased with an eligible Mastercard must have a minimum three-month warranty.

THE Mastercard Extended Warranty also has a maximum amount per occurrence of $200, capped at a maximum of $400 over a 12-month period.

Visa

This benefit is only available to Visa Gold, Platinum, Signature and Infinite card customers. 

The process is practically the same as Mastercard, in fact, the company that sells the insurance is the same, AIG.

To file a claim, you need to present copies of some documents, including:

• Copy of the Purchase Insurance Ticket and Supplement;
• Credit card statement;
• Detailed copy of the purchase invoice;
• Printed copy of the original manufacturer's warranty and any other applicable warranties.
• Current account credit authorization form;
• Original repair request the cause of the damage.

Insurance can be activated by Visa Benefits Portal.

The amount of coverage depends on the card, however, it is more advantageous than Mastercard, as in some cases, coverage reaches up to 25 thousand dollars per year.

Other than that, the minimum coverage amount is $1,000 per incident.

Link

One of the differences in the insurance offered by the Elo brand is that it is eligible for products purchased in Brazil and abroad. 

THE Elo Extended Warranty Insurance is available to customers of Elo Mais, Grafite Nanquim, Nanquim Diners and Empresarial Mais cards.

The insurance also has no additional cost, in addition, it covers manufacturing defects, exchanges, repairs and has no limit on eligible goods.

This way, you can purchase any product with your Elo card, knowing that you will have double the guarantee.

To use it, first of all, you need to issue your ticket with annual validity. After that, just go shopping.

If you have any problems, you can use the insurance. The maximum coverage amount is R$1,000.00.

Credit cards with this insurance

Although there is no additional cost for Elo, Mastercard and Visa cards, this benefit is only available for high-income cards. 

See below some credit card options with insurance Extended Warranty. 

1. Banco do Brasil Ourocard Elo Grafite credit card

This card is national and international, so you can use it on your international trips with peace of mind. 

Your annual fee can be paid in up to 12 installments of R$$37.00. Holders of this card can count on many benefits offered by the Elo brand.

Additionally, you can accumulate points and exchange them for discounts on products and services.

Check out more details and find out how to request yours.

2. Caixa Gold Mastercard credit card

The annual fee for the card is R$321.00, but it is possible to get a discount of 50% in the first year. 

It is also national and international, meaning it is more practical for your purchases abroad too.

However, Mastercard's Extended Warranty does not apply to purchases made outside of Brazil. So, it is important to be aware of this detail.

The credit limit offered varies according to each customer's profile, however, the minimum amount is R$1,500.00.

Learn more about the card's benefits and find out how to apply for yours.

3. Bradesco Seguros Visa Platinum International Credit Card

The minimum income required to apply for this credit card is R$$6,000.00. Its annual fee costs R$$400.40, but can be paid in up to 12 installments. 

It is also national and international. Among the benefits it offers, we find, for example:

• Price Protection Insurance;
• 5% discount on the contracting or renewal of Bradesco Auto Insurance and Bradesco Tailored Residential Insurance.

In addition, you can still enjoy the benefits offered by the Visa Flag. Learn about some more options and see how to request yours.

Discover 3 secrets about Extended Warranty

THE Extended Warranty It is not just a benefit of a credit card, it is a service, just like any other insurance. 

In this case, you have some rights when you hire this service from other companies. See three of them below. 

Normally, it is offered when we buy electronics and household appliances in certain stores. 

At this point, it is very important to pay attention to the clauses in the contract, especially the exclusion and coverage clauses. 

Check out 3 details about this insurance that most consumers are unaware of below. 

1. About cancellation

The consumer has up to 7 days to regret purchasing the insurance and request cancellation of the contract using the same means contracted. 

In many cases, people purchase the warranty in the heat of the purchase, without even considering whether it will meet their needs.

Therefore, it is very useful to know that we have up to 7 days after signing up to change our minds and look for ways to cancel.

2. Repair time

The beginning of the coverage of Extended Warranty It will be at the same time that the original manufacturer's warranty ends. 

If there is a need to use this service, the problem must be resolved within 30 days.

3. About marketing

The value of Extended Warranty should not be included in the price and the contracting of the new guarantee should not be related to the granting of discounts. 

If you notice that the company has broken the rules, you can report the establishment, as those responsible for the act may be punished.

When taking out insurance, the consumer must receive proof of each transaction and have access to the contract to read before signing.

How does the Lojas Americanas Extended Warranty work?

This store's warranty has nationwide coverage and offers the same coverage as the manufacturer. It covers many electronics, furniture and even beauty products. 

Americanas coverage is known for being economical and providing quality support to the insured.

Casas Bahia Extended Warranty

This insurance has more complete services, it offers technical visits, repairs and assistance. 

When you hire, you extend the manufacturer's warranty period and have access to the same services.

The big difference with this store is that its warranty can be extended for up to three years. 

Magazine Luiza Extended Warranty

This store's warranty covers thousands of products, making it one of the most extensive in its category. In addition, the Magazine also has technical assistance units spread throughout the country. 

This makes it much easier to find a nearby unit to solve a problem. It is certainly more practical and makes the consumer's life much easier.

Finally, policyholders are also eligible for a prize of R$1,400,000 per month. 

Conclusion

The Extended Warranty can be a very useful benefit, however, it is possible to evaluate whether it is really advantageous for your pocket. 

Sometimes, paying for a repair or maintenance can be more viable than paying an expensive monthly fee or even having to pay for a high-income credit card. 

It is very important that you observe all the clauses of the contract and see if the insurance will meet your needs and will, in fact, be a benefit. 

Don't forget to do your research before hiring, only then will you know if it will be necessary.