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Which credit cards offer price protection?

Which credit cards offer price protection?

*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Feb 08, 2019, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on 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:

  • Enjoy 70,000 bonus miles after spending $5,000 on purchases in the first 90 days*

  • Earn 2X Miles on all Purchases*

  • Miles can cover purchases on any airline or hotel*

Highlights
  • Enjoy 70,000 bonus miles after spending $5,000 on purchases in the first 90 days
  • Earn unlimited 2X miles on every purchase
  • NEW - Control Your Card - Instantly secure your accounts by locking your cards with Barclays SecurHold™, plus set transaction limits and block certain purchase categories for you or your authorized users. Available only on the Barclays mobile app.
  • Book travel your way—no airline, seat or hotel restrictions—and redeem your miles for travel statement credits
  • Get 5% miles back to use toward your next redemption, every time you redeem
  • No foreign transaction fees
  • International Chip and PIN for use at self-service chip terminals around the world
  • Miles don’t expire as long as your account is open, active and in good standing
  • See Rates & Fees

See additional details for Barclaycard Arrival Plus® World Elite Mastercard®

More Info

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; 16.24% - 26.24% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 16.24% - 26.24% 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

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  • 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 $500 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 $500 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

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

  • Pay no annual fee

  • 26.96% (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 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 2% cash back on purchases: 1% when you buy plus 1% as you pay
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.74% - 25.74% based on your creditworthiness*
  • No categories to track, no caps on cash back, no annual fee*

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

More Info

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

  • Earn 50,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening

  • No Foreign Transaction Fees*

Highlights
  • Earn 50,000 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
  • 50,000 Points are redeemable for $625 in airfare on any airline, anytime with no blackout dates when booked through the ThankYou® Travel Center, or $500 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*

  • 16.24% - 26.24%* (Variable)

Highlights
  • The ONLY card with 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 16.24% - 26.24%, based on your creditworthiness
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 16.24% - 26.24%, 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

Popular HSBC cards with price protection:

  • 0% for 15 months

  • 0% for 15 months

  • No annual fee, no foreign transaction fee, and no penalty APR

Highlights
  • 0% Intro APR on purchases and balance transfers for the first 15 months from account opening. Then a variable APR of 14.24%, 20.24% or 25.24% will apply.
  • No Penalty APR.
  • Late Fee Waiver.
  • No Foreign Transaction Fees.
  • $0 Annual Fee.
  • $0 liability for unauthorized purchases.
  • Terms Apply.
  • See Rates & Fees

See additional details for HSBC Gold Mastercard® credit card

More Info

  • Unlimited 1.5% cash rewards on all purchases

  • Earn an Introductory 3% Cash Back on all purchases in the first 12 months from Account opening, up to the first $10,000 in purchases

  • 10% annual cash back bonus

Highlights
  • Earn unlimited 1.5% cash rewards on all purchases.
  • Earn an Introductory 3% Cash Back on all purchases in the first 12 months from Account opening, up to the first $10,000 in purchases
  • 10% Anniversary Bonus on all Cash Rewards earned once a year.
  • No Annual Fee.
  • 0% Intro APR for 12 months on purchases and balance transfers, then a 15.24%, 19.24% or 25.24% variable APR.
  • No Foreign Transaction Fees.
  • $0 liability for unauthorized purchases.
  • Terms Apply.
  • See Rates & Fees

See additional details for HSBC Cash Rewards Mastercard® credit card

More Info

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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