What is Price Protection?
Price protection is a credit card benefit that refunds you the difference if the price of an eligible item drops after you’ve purchased it. This feature helps ensure you don’t overpay, offering peace of mind.
Key Points on Price Protection
1. How it Works
- Buy an eligible item with your credit card.
- Track the item’s price for a set period (details in your card’s terms).
- If the price drops, file a claim with your card issuer to get refunded the difference.
2. Eligible Items
- Commonly covered items: electronics, appliances, clothing, and furniture.
- Non-eligible items: perishables, reservations, auction items, and limited-time offers.
3. Claim Process
- Gather proof of purchase and price drop.
- Contact customer service to initiate the claim.
- Submit the required documents for review.
- If approved, receive the price difference as a refund.
By choosing cards with this feature, you can confidently shop knowing that if prices drop, you’re covered!