Well, your experience certainly sounds easier than I would have imagined it. I would expect individual experience to vary based on card issuer and their policies (both official and unofficial). However, it's still several steps more than I'd care to go to for the cost of Apple Care +, but certainly better than getting stuck with the bill.
Did the card issuer require you to send in the damaged watch? Or did Apple take it from you?
No, in order to get the $199 replacement price you have to swap it out at the Apple Store.
I've replaced two of my wife's iPhones under Amex's extended warranty. The OOW replacement cost was $199 plus tax, but Amex actually reimbursed us the full $299 plus tax we paid for the iPhones. So they made us whole plus some, and it was free to begin with.
Last edited: