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Which credit cards offer price protection?

Which credit cards offer price protection?

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Feb 08, 2019. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

Have you ever made a purchase only to see the price drop a few days or weeks later? If the difference is significant, you may even consider going through the hassle of returning and rebuying the item. But if you made the purchase with the right credit card, your issuer may be able to provide you a reimbursement for the price difference and save you the hassle.

Credit cards that offer price protection typically provide reimbursements when you find a lower advertised price within 60 to 120 days of the purchase date. Some cards, like those issued by Citi®, take this benefit a step further and search for a lower price for you if you take the time to register your purchase. Once a price protection claim is approved, you’ll receive the difference between the price you paid and the lower price found. The savings can be worthwhile. For example, Citi states that in 2018 it reimbursed cardholders an average $25.52 per claim, totaling over $17.5 million paid to all eligible cardholders.

Here we’ll review the price protection terms provided by major issuers, common exclusions, and how to file a claim.

Price protection by issuer

Price protection isn’t the most common benefit provided by card issuers, but if this is a perk that’s important to you, check out the cards mentioned in the table below. There is a limit on the amount of reimbursement you can receive per item and per year, so make sure you familiarize yourself with the exact terms.

Issuers have recently cut back on price protection benefits, with Discover removing the benefit on Oct. 31, 2018 and Citi notably devaluing the benefit in July 2018 from $500 per item and $2,500 a year to $200 per item and $1,000 per year.

Just know, even though a card issuer is listed as offering price protection, it may not be offered on all its cards. Refer to your cardmember agreement or contact a representative to verify whether your card offers price protection or not.

Price protection terms for major card issuers

Issuer Maximum coverage per item Maximum coverage per calendar year or 12-month period per account Fine print
Barclays $250 $1,000 per 12-month period (maximum of 4 claims) 120 days from date of purchase for World and World Elite Mastercards
Capital One $250 $1,000 per 12-month period (maximum of 4 claims) 120 days from date of purchase for World and World Elite Mastercards

60 days from date of purchase for Platinum Mastercards

Citi $200 $1,000 per calendar year 60 days from date of purchase on most consumer cards
HSBC $250 $1,000 per 12-month period (maximum of 4 claims) 120 days from date of purchase for World and World Elite Mastercards

60 days from date of purchase for Platinum Mastercards

*Additional terms and limitations apply to price protection benefits.

Popular Barclays card with price protection:

Barclaycard Arrival Plus® World Elite Mastercard®

Popular Capital One cards with price protection:

  • 3% Cash Back on dining; 3% Cash Back on entertainment; 2% Cash Back at grocery stores; 1% Cash Back on all other purchases

  • Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening

  • No minimums for redeeming and cash back won't expire for the life of the account

Highlights
  • Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 15.74% - 25.74% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 15.74% - 25.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • No foreign transaction fee
  • No annual fee

See additional details for Capital One® SavorOne® Cash Rewards Credit Card

More Info

  • 4% Cash Back on dining; 4% Cash Back on entertainment; 2% Cash Back at grocery stores; 1% Cash Back on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.

  • Earn a one-time $300 cash bonus after you spend $3000 on purchases within the first 3 months from account opening

  • No minimums for redeeming and cash back won't expire for the life of the account

Highlights
  • Earn a one-time $300 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
  • Receive a monthly statement credit for a Postmates Unlimited monthly membership through Dec. 2019 with the Capital One Savor Card
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more
  • $0 intro annual fee for the first year, $95 after that

See additional details for Capital One® Savor® Cash Rewards Credit Card

More Info

  • Access a higher credit line by making first 5 monthly payments on time

  • Pay no annual fee

  • 26.46% (Variable)

Highlights
  • Pay no annual fee
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Fraud coverage if your card is lost or stolen
  • Use online banking to access your account, even from your smartphone, with our mobile app
  • Pay by check, online or at a local branch, all with no fee - and pick the monthly due date that works best for you
  • Get access to your account 24 hours a day, 7 days a week
  • Help strengthen your credit for the future with responsible card use

See additional details for Capital One® Platinum Credit Card

More Info

Popular Citi cards with price protection:

  • Earn 3X Points on Travel, Including Gas Stations, Earn 2X Points on Dining Out & Entertainment, Earn 1X Points on All Other Purchases

  • Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening

  • No Foreign Transaction Fees*

Highlights
  • Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3 points per $1 spent on travel including gas stations
  • Earn 2 points per $1 spent at restaurants and on entertainment
  • Earn 1 point per $1 spent on all other purchases
  • 60,000 Points are redeemable for $750 in airfare on any airline, anytime with no blackout dates when booked through the ThankYou® Travel Center, or $600 in gift cards when redeemed at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • Points Transfer allows you to transfer points to participating airline loyalty programs
  • No Foreign Transaction Fees on purchases

See additional details for Citi Premier℠ Card

More Info

  • 0%* for 12 months on Purchases*

  • 0%* for 21 months on Balance Transfers*

  • 16.49% - 26.49%* (Variable)

Highlights
  • No Late Fees, No Penalty Rate, and No Annual Fee... Ever
  • 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that, the variable APR will be 16.49% - 26.49%, based on your creditworthiness
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 16.49% - 26.49%, based on your creditworthiness
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balances, are paid in full
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
  • The same great rate for all balances, after the introductory period
  • Save time when you call with fast, personal help, 24 hours a day – just say "representative"
  • Enjoy the convenience of setting up your own bill payment schedule on any available due date throughout the month

See additional details for Citi Simplicity® Card - No Late Fees Ever

More Info

  • Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay.

  • 0% for 18 months on Balance Transfers

  • 15.74%– 25.74% (Variable)

Highlights
  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.74%– 25.74% based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • The standard variable APR for Citi Flex Plan is 15.74%– 25.74% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.

See additional details for Citi® Double Cash Card – 18 month BT offer

More Info

Popular HSBC cards with price protection:

HSBC Cash Rewards Mastercard® credit card

HSBC Gold Mastercard® credit card

What items are excluded from price protection?

Beyond maximum coverage amounts per item and per year, price protection also sets exclusions on what type of items qualify for price-difference reimbursement. For example, you won’t receive a refund if there’s a price drop on a flight you purchased or if a gallon of milk is cheaper at another store. But you may receive reimbursement for clothing or furniture that drops in price.

Here are the common items that don’t qualify for price protection:

  • Perishables
  • Living plants
  • Animals
  • Motorized vehicles (cars, boats, motorcycles) and their attached parts (including tires)
  • Tickets of any kind (airline, sporting event, concert or lottery)
  • Travel arrangements of any kind (hotels, vacations rentals, or car rentals)
  • Jewelry, art, collectable, one-of-a-kind, custom-built, and limited edition items
  • Items purchased for resale, rental, professional, or commercial use
  • Any items purchased from an auction
  • Items advertised in or as a result of “limited quantity”, “going out-of-business sales”, “close out”, or as “discontinued”
  • Services and additional costs (installation charges, warranties, memberships)
  • Firearms or ammunition

In addition to excluded items, certain price changes don’t qualify for reimbursement:

  • Differences in price due to sales tax, storage, shipping, handling, postage, transportation, and delivery.
  • Differences in price due to foreign exchange rates or fluctuation in foreign exchange rates.
  • Printed advertisements or non-auction internet advertisements that display pricing lower than your purchased item due to rebates, special offerings, bonuses, free items/giveaways, manufacturer’s coupons, or special financing.

How to file a price protection claim

Price protection claims can be filed by submitting a claim form online, calling the payment network, such as Mastercard, that provides the benefit, or mailing a claim form.

When filing a claim, you’ll need to have a few things handy:

  • Completed and signed claim form
  • A copy of the printed advertisement that shows the date of the advertisement, retailer name, the product (advertisement must verify same manufacturer and model number), and sale price
  • Receipt showing when the item was purchased
  • Credit card statement showing the purchased item
  • Itemized purchase receipt

Here’s how to file a claim:

Read our guides on extended warranty, purchase protection and return protection.

The offers mentioned in this article are accurate as of the date of publishing.


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