Legal, Regulatory, and Privacy Issues

3 tips for using credit card price protection


Price protection is a little-known credit card perk that could save you hundreds of dollars, but you have to know how it works to take advantage

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

You did your homework to find the best price for your new purchase only to see the price drop one month later. It’s a frustrating situation, but if you paid with a credit card that has a price protection feature, you could get the difference back in your bank account.

With price protection, your card issuer credits you with the difference in price if a purchase you bought on your card shows up at a lower price within a certain time frame. It’s an often overlooked feature.

“Price protection is a free benefit that some credit card issuers offer. It doesn’t cost you anything, but sometimes it can save you a substantial amount of money if you find yourself in a situation where the price drops soon after you make a purchase,” says Joe Ridout, manager of consumer services at Consumer Action, a nonprofit advocacy group dedicated to consumer affairs.

“I don’t think most consumers are aware of the extent of this perk. It’s something to take advantage of so you aren’t wasting your time obsessing over small price drops,” Ridout says.

Barclaycard, USAA, Citi, Capital One, Chase, Mastercard and Discover all currently have price protection programs.

How price protection works

Each price protection program has its own process and set of responsibilities for the consumer. Citi’s Price Rewind, for example, is online-based. You register your purchase on the website, submitting your original receipts and credit card statements online. The service then scans the Internet for a lower price for your item. If it finds one, you get a refund of the price difference.

Barclaycard, USAA, Capital One, Chase, Mastercard and Discover all require a bit more initiative to use their programs. You’ll need to call a customer care line to launch a claim. A form will then be mailed to you and you must fill it out and send it, along with receipts, advertisements and credit card statements, to a claims department within an allotted period of time.

The key difference between the two methods is that Citi does all of the price research for you, says Holly Johnson, a personal finance writer and founder of the blog, Club Thrifty. That doesn’t mean the other programs aren’t worth the hassle. “Your savings could be in the hundreds for an extra hour of work. So that’s a huge payoff for very little effort,” she says.

To help keep on top of prices on your own, Ridout suggests websites such as, and They websites monitor prices, provide alerts about lower prices and even record the price history of an item.

Citi’s seamless program

The process is more seamless with Citi. Daniel M. Clark, a 40-year-old Houston father and Citi cardholder, found out about the bank’s program after he spent nearly $1,700 on a new iMac desktop for his wife.

“Shortly after I made the purchase, out of the blue Citi emailed me and said it noticed I used my card to buy a laptop and that it’d look for a lower price and pay me out for the difference,” he says.

He had to register his purchase before the program could start searching for a price drop, but soon after that he received notice that the program had found a cheaper price. He uploaded a copy of his Apple Store receipt and within 30 days, a $120 check was in the mail. “It was very surprising because here is a company that for no good reason I can see decided to give me $120,” Clark says.

With that experience in mind, he plans on using the card more often when buying appliances, gardening supplies and household tools.

In another case, Long Island, New York, resident Robert Ottone received a $20 credit to his Citi credit card after he used the program on a few DVD purchases. Because there is no minimum amount to start a claim and the program searched for better prices for him, all he had to do was register his purchases and then claim the difference.

Want to learn more?

For more information about price protection and other credit card purchase benefits, such as extended warranty offers and return guarantees, see Purchase protection survey 2016: Which cards offer them.

“You’re going through all of your purchases on your card so it’s not the shortest amount of time, but it’s easy to do and it’s free money,” Ottone says.

“It gives you a list of recent purchases like a statement, you click on an item you bought, like a laptop, to register and it finds you a cheaper price,” he adds.

Citi spokeswoman Emily Collins says that any cardholder whose card offers the feature (see below for a list of eligible Citi cards) can use the Price Rewind program. Sometimes, the credit card issuer will email consumers if it notices a big purchase or pattern in spending, as it did in Clark’s and Ottone’s cases. The cardholder just needs to register the product for the price protection to kick in.

How to use price protection strategically

There are a few factors to keep in mind to become a savvy user of the price protection program your credit card issues:

1. Use the perk for big purchases.
Club Thrifty’s Johnson suggests that the best use for price protection programs is for appliances and furniture. When she moved into her new home, she used this perk as insurance for her purchases.

Concentrating on big-ticket items is especially relevant for the programs that force consumers to do all of the legwork. You may find it’s only worth spending time researching prices if the savings are at least double-digit. “It might not matter for a $20 T-shirt, but an $800 fridge could save you $100,” says Johnson.

Ridout says cameras, televisions and computers are all good candidates for price protection programs, too.

“These things have two things in common: They tend to be quite expensive and they are likely candidates for price drops once a new model comes out and the technology loses its cutting edge,” Ridout says.

2. Read the fine print.
Understand the terms and conditions of the program before you make a purchase and rely on the price protection to bail you out if the item’s price fluctuates. “It’s best to read the fine print to know what the rules are because the devil’s always in the details,” Johnson says.

In particular, be aware of:

  • Exclusions.
    All price protection programs share some similarities. In order to be eligible, a purchase must be made in the United States and paid for by your credit card or its reward points. Perishable items such as food and plants aren’t included, nor are travel purchases, traveler’s checks, jewelry, art, antiques and collectibles, refurbished and personalized items, and motorized vehicles and equipment.Then understanding exclusions gets tricky. Some creditors exclude from price protection items bought at auctions, such as eBay. Other card issuer price protection programs exclude “limited quantity,” “going out of business,” “closeout” or “discontinued” sales, and purchases made with rebates, manufacturer’s coupons and special financing.Be especially careful of price protection exclusions when making purchases around the holidays. Some Black Friday ads, for example, may promote products as “limited quantity,” which could mean any price drops won’t be honored.
  • Claim limits.
    Most programs carry claim limits per purchase and annual claim limits. The good news is if you’ve got multiple cards from one issuer, you also may be able to take advantage of multiple claim limits.For example, a cardholder may have multiple cards with price protection, all of which would have their own annual limits. The annual limits … are per credit card account, not per person, according to a Capital One representative.
  • Deadlines.
    With price protection programs, pay attention to rules stating when you must start your claim after you make your purchase. Discover and Chase both offer a 90-day window after your purchase to find a price drop, while Citi, USAA, Mastercard and Capital One offer 60 days.

3. Gather your evidence.

You will need proof you used your card to purchase the item in question at a particular price. Johnson suggests keeping original receipts in a safe place because they’re crucial to making a successful claim.

While credit card statements often can be easily retrieved online, a paper receipt is much more flimsy so take more care with it.

Take note, too, of the kinds of evidence required to prove a lower price is available. Some programs accept print advertisements only, while others are open to online ads, too. Throughout Chase’s price protection terms and conditions, it refers to “The printed advertisement or non-auction internet advertisement” as proof of a lower price.

Ads may need to clearly state the date, the product information and the retailer’s details.

Compare price protection programs

ProgramsMaximum refundDeadlineProcessExclusions
Citi Price Rewind
Available on Double Cash, AAdvantage, Simplicity, Prestige, Thank You Preferred, Premier. Costco Anywhere Visas, AT&T Access, and Expedia+  Voyager cards
$500 per item, $2,500 per yearLower price must be found within 60 days after purchaseRegister purchase online; program searches for lower price and notifies youRefurbished and personalized items, motorized vehicles, tires, antiques, jewelry (except watches), tickets, contracted services, firearms, ammunition, pets, perishable goods, limited-edition, going-out-of-business and out-of-stock items, anything bought from an online auction site
Discover Price Protection
Available on all Discover cards
$500 per item, $2,500 per yearLower price must be found within 90 days after purchaseOpen a claim by calling customer service; provide supporting documentation including receipt, Discover Card statement and dated ad showing lower priceCoverage limited to three of an identical item. Services, secondhand items, perishable items, jewelry, travelers checks, tickets, negotiable instruments, collectibles, antiques, motorized vehicles, pets and plants are all excluded
Capital One Price Protection
Available on Mastercard-branded Citi cards, such as Classic Platinum, Platinum, QuicksilverOne Rewards and secured cards. Some business cards may also be covered under different terms.
$250 per claim, 4 claims per 12 month periodLower price must be found within 60 days after purchaseMust request form within 60 days of purchase by calling customer care and report price difference within 180 days to file claim. Submit claim form with receipt, credit card statement and ad showing lower priceLayaway items, jewelry, art, used or antique items, customized or personalized items, land or buildings, game animals, traveler’s checks, motorized vehicles, equipment and accessories, plants, pets, perishable items, items advertised as “limited quantity,” “going out-of-business,” “closeout,” or “discontinued,” tickets and services
Chase Price Protection
Available on Slate, Freedom, Freedom Unlimited, Sapphire, Sapphire, Sapphire Reserve, Sapphire Preferred JPM Reserve, Ink Bold, Ink Plus, Ink Preferred and select partner cards
$500 per item, $2,500 per year; $50 per item and $150 per year for closeout, liquidation and going-out-of-business adsLower price must be found within 90 days after purchaseCall benefit administrator within 21 days of the date of the lower priced ad to receive claim form. Form must be returned within 45 days after your request and accompanied by receipt, credit card statement and adAnimals, plants, perishable items, motorized vehicles, cellphone service agreements and contracts, items advertised as finale sale, layaway items, secondhand and refurbished items, jewelry, antiques and collectibles, tailored items, services and limited-life items, such as rechargeable batteries, price differences involving rebates, shipping and handling fees and sales tax
Mastercard Price Protection
Available  as a core benefit on all Mastercard-branded cards
$250 per claim, 4 claims per 12 month periodLower price must be found within 60 days after purchaseCall customer service within 60 days of purchase to request a claim form that must be submitted within 180 days of the advertisement. Documentation must include the ad, receipt and credit card statementItems sold at online auctions, jewelry, art, or antique items, tickets, recycled, secondhand and refurbished items, customized and layaway items, items sold as final sale, items that are lower due to rebates, bonuses, manufacturer’s coupons or special financing, services, animals, pets and perishable items, motorized vehicles
Source: editorial staff research, January 2018.

See related: Price protection is disappearing, but you can still save on your purchases11 hidden credit card perks, Purchase protection survey 2016: Which cards offer them

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

What’s up next?

In Legal, Regulatory, and Privacy Issues

Canceling card doesn’t wipe out charges for recurring services

Even if you manage to stop the recurring charges to your credit card because you canceled your credit card, you do not stop the charges from accruing. This is especially true if you signed a contract for services.

See more stories
Credit Card Rate Report
Cash Back

Questions or comments?

Contact us

Editorial corrections policies

Learn more