Extended warranty flub up

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CarefulBuilder14
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Extended warranty flub up

Postby CarefulBuilder14 » Thu Mar 10, 2016 12:16 am

I made a little mistake today.

I bought a $400 TV that came with a 1-year manufacturer's warranty. I bought it with my Citi AA Platinum, thinking that it was a great choice. I had a little minimum spend to meet with the card, it offered purchase protection and an extended warranty, and it offered Price Rewind. How could I go wrong?

I forgot to check whether the benefits would remain after I close the account. As far as I can understand the benefit guide, the warranty periods end as soon as I close the account. That means I'd have to keep the card until March 2018 to get the full benefit of the extended warranty (one extra year beyond the manufacturer's one-year warranty). That means potentially paying an AF in 2017 and another in 2018.

Now, I got 50k AA miles, the first year's AF waived, and I'm currently expecting about $100 in Price Rewind benefits from other purchases. I'm in a pretty good position with the card, and it wouldn't be so bad if I ended up paying an annual fee or two. Even if just kept the card for one more "AF cycle" I'd get the benefit of about 10 of the 12 months of extended warranty. I may end up flying American in 2017 and can use the free checked bags, and maybe I can get an AF waived or small retention perk. The TV gets good reviews, and I can also buy the warranty on its own. It's far from a disaster - it's more that I'm disappointed in my card selection planning.

The price I paid was already pretty low. Maybe Price Rewind can find a better deal, but I doubt it.

It just kind of threw a wrench into my plan of churning Citi cards in rotation (AA and Hilton cards). It would have been so easy to just put it on an Amex or CSP (which will remain open for the foreseeable future) and finish off my AA minimum spend another way.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when


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Dcyphrz
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Re: Extended warranty flub up

Postby Dcyphrz » Thu Mar 10, 2016 2:29 am

I can see you have your CC activities mapped out very carefully so by your standards, this is probably a major mistake. LOL

On the positive side, tvs seem to be pretty durable these days so maybe you won't need a warranty. We have 3 fairly inexpensive Samsungs (and this monitor is a Samsung), all of which are 3+ years old. Not one problem.
Image

EX 756 - TU 776 - EQ 749

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Vattené
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Re: Extended warranty flub up

Postby Vattené » Thu Mar 10, 2016 3:07 pm

Talk about First Tier credit problems :ppp
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

Kevin86475391
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Re: Extended warranty flub up

Postby Kevin86475391 » Thu Mar 10, 2016 7:30 pm

Sorry to hear you're less than completely satisfied with your card choice. At least it sounds like you have some good ways to make the AA card keep working for you if you decide to hand on to it longer than originally planned.

LOL, to be honest I've never once used an extended warranty or low-price/rewind feature on any of my cards. I forget that's even an option and I don't tend to be a big warranty person in general. Whenever something breaks it never even occurs to me to check if it has a warranty and I never accept extended warranties I have to pay extra for. I'll usually have a general sense of whether or not I'm satisfied with the product and if I want to buy it/the same brand again, but beyond that I just tend to forget it and use it till it wears out or I want to replace it, whether that's in a month, a year, or a decade.

kdm31091
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Re: Extended warranty flub up

Postby kdm31091 » Fri Mar 11, 2016 8:10 am

There are so many factors bouncing around in your plan -- warranty, "keep the card for x long before churning", price rewind, etc -- that a mistake is going to happen eventually.

You just have to decide what's more important. The warranty on a $400 TV, or being able to get the card again sooner. If the signup bonus is worth more than $400, I would think worrying about extended warranty isn't as important.

I never use extended warranty/price rewind/ that kind of stuff. They're nice perks for people who do, though.

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CarefulBuilder14
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Re: Extended warranty flub up

Postby CarefulBuilder14 » Fri Mar 11, 2016 11:20 am

I've registered a lot of things on Price Rewind. I got the card less than two months ago, so I haven't actually received any refunds yet, but tentative savings do pop up unexpectedly here and there. Photographing receipts with my phone, emailing them to myself, and registering them on Price Rewind is pretty simple. When a potential refund actually appears, only then I bother to actually upload the receipt.

Mine is definitely one of the better problems to have in the credit world.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when



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