Originally Posted by
mysterym
read the coverage that both offer. i am pretty sure there are differences. extended warranty from amex is not the same as apple care. i.e. check accidental coverage for screen cracks, spills, etc
Off the top of my head, Apple Care does cover accidents, but has the $99 (?) deductible. And I think much of that first year you pay for Apple Pay is "wasted" since you have the original 1-year warranty with the device (though not for accidents IIRC).
If you don't want/need the coverage for accidental damage (and theft I think too?) then I believe you're better off with Original warranty + Amex, for 2 years of coverage. That said, it seems that if you purchase Apple Care for 2 years, you'll get that 3rd year of coverage from Amex, and arguably that's when things are more likely to go downhill with the device.