3. MasterCard

The MasterCard extended warranty program covers repairs or replacement up to $10,000. It does not cover normal wear and tear, shipping costs, losses due to natural disasters, mold damage, damage from power surges and failures covered by product recalls. It excludes the following products: refurbished or used items, perishables and consumables, pets, plants, software, cars and boats, data storage media, permanently installed items, and real estate or permanently installed items such as ceiling fans; items purchased for resale, professional or commercial use; products covered by an unconditional satisfaction guarantee.

To file a claim, you must contact MC asset within 30 days. You have to submit a signed claim form along with your credit card receipt and statement itemized purchase receipt, the manufacturer's warranty and an itemized repair estimate. This extended warranty is complimentary when using your MasterCard to make a purchase.

Many of the company’s professional and consumer debit cards also come with the warranty and purchase protection, making this perk a little more attainable for the average consumer, though still vague. Thus go for credit cards with the hottest features to discover which card suits your lifestyle needs.