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Credit card benefits that add value to what you buy

Credit card benefits that add value to what you buy

Posted on: November 17, 2016
Author: ATB MasterCard team

No annual fee. Cashback. Rewards. Points. Low interest rates. Our credit cards have plenty of features that entice us to use them. But what about inclusive insurance coverages, those often-forgotten-but-still-pretty-beneficial features? We know, these benefits may not sound cool, but trust us, they are. And they add a lot of value to your card!

Here are two types of credit card benefits and the inside scoop on how they can protect your purchases.

Extended Warranty1

Extended Warranty automatically doubles the original manufacturer’s warranty for up to one additional year when you use your card to purchase eligible items. This benefit applies to any parts and/or labour cost resulting from mechanical breakdown or failure of a covered item, or any other obligation that was specifically covered under the terms of the Original Manufacturer’s Warranty. Just make sure you keep your original receipts and manufacturer’s warranty.

So let’s say you purchase a TV and the manufacturer’s warranty provides one year of coverage. But wouldn’t you know, it stops working a year and two months after you bought it. Assuming you paid for it with your ATB Financial MasterCard, and meet all eligibility requirements, your Extended Warranty benefit provides up to an additional year of coverage. You’re covered! And at no additional cost to you.

Purchase Assurance1

Purchase Assurance provides coverage in the event of loss, theft or damage for 90 days from the purchase date when you use your card to purchase eligible items anywhere in the world. You read that right, anywhere.

So let’s say you’ve splurged on a new camera and travel to Thailand. Ten days into your trip it gets stolen. Never fear, if you bought it with your ATB Financial MasterCard, and meet all eligibility requirements, it will either be replaced or you will be reimbursed the purchase price.

Purchase Assurance and Extended Warranty for gifts

Here’s another perk you may not know about. The above coverages apply to gifts as well. Just make sure you keep the original receipt safe. You will need it in the event of a claim.

What’s covered under these benefits?

While we can’t give you all the specifics, eligible items include, but are not limited to, the following:

  • Cameras
  • Tablets
  • Home theatres
  • Printers
  • Wearable technology like smart watches and fitness trackers
  • Musical instruments
  • Appliances
  • Fitness equipment
  • Furniture

Please refer to the Certificate of Insurance provided with your Card and available at for a full description of coverages, limitations, restrictions and exclusions.

1Coverage is underwritten by American Bankers Insurance Company of Florida (ABIC). ABIC, its subsidiaries and affiliates carry on business in Canada under the name of Assurant®. ®Assurant is a registered trademark of Assurant, Inc. Details of the coverage, including definitions, benefits, limitations, and exclusions, are in the Certificate of Insurance provided with your card, and at

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