Home > Credit Cards > 4 Credit Cards That Offer Price Protection

Comments 0 Comments

[Disclosure: Cards from our partners are reviewed below.]

Many credit card issuers offer a price protection feature that can help you save on purchases even after your transaction has been completed. When an item you purchased on your card is listed for a lower price within a certain time frame, cards with price protection may reimburse you the difference.

This can be especially valuable for big-ticket purchases, which frequently go on sale or fluctuate in price.

Here are four great credit cards with price protection.

1. Citi Simplicity

Rewards: None
Sign-Up Bonus: None
Annual Fee: $0
Annual Percentage Rate (APR): 0% APR for 21 months on purchases and balance transfers, then variable 14.99% to 24.99% APR.
Why We Picked It: This card features a fantastic 0% APR intro offer, and Citi’s price protection policy saves you the hassle of searching for a lower price.
Price Protection: With Citi Price Rewind, Citi will search hundreds of online retailers for a lower price on registered items bought with your Citi card. Citi may reimburse you the difference if a lower price is found within 60 days, up to $2,500 in price reimbursements per year.
Drawbacks: There are no rewards with this card.

2. Chase Sapphire Preferred

Rewards: Two points per dollar spent on travel and dining; one point per dollar spent on other purchases.
Sign-Up Bonus: 50,000 bonus points if you spend $4,000 in the first three months.
Annual Fee: $0 the first year, then $95.
APR: Variable 16.99% to 23.99% APR on purchases and balance transfers.
Why We Picked It: One of the best travel cards around also offers price protection.
Price Protection: Chase will reimburse you for eligible purchases if you find a lower price advertised in print or online within 90 days. You can receive up to $500 in reimbursements per item and $2,500 in total reimbursements per year.
Drawbacks: There’s a $95 annual fee.

3. Discover it Card – 18 Month Balance Transfer Offer

Rewards: 5% cash back on up to $1,500 in quarterly purchases in rotating bonus categories; 1% cash back on other purchases.
Sign-Up Bonus: Discover matches all cash back earned in the first year.
Annual Fee: $0
APR: 0% APR for 18 months on balance transfers and six months on purchases, then variable 11.99% to 23.99% APR.
Why We Picked It: This rock-solid cash back card also offers 90 days of price protection.
Price Protection: If you can find a lower price on an eligible purchase within 90 days, Discover will reimburse the difference on up to $500 per item.
Drawbacks: 
To get the best cash back value, you’ll need to track and activate bonus categories every quarter.

4. Capital One QuicksilverOne Cash Rewards Credit Card

Rewards: 1.5% cash back on all purchases.
Sign-Up Bonus: 
None
Annual Fee:
$39
APR: 
Variable 24.99% APR on purchases and balance transfers.
Why We Picked It: 
Even consumers with fair credit get cash back and price protection with this card.
Price Protection: Cardholders could be reimbursed the difference if they find a lower price on eligible purchases within 60 days. Capital One covers up to $250 per claim for a maximum of four claims per year.
Drawbacks: This card includes a high APR and an annual fee.

How to Choose a Credit Card with Price Protection

When evaluating a card’s price protection policy, always read the fine print. Most price protection policies apply only for a limited amount of time. Many card issuers place the responsibility of hunting for a lower price on the customer, and all price protection policies have a long list of exclusions.

For instance, Capital One’s price protection policy doesn’t cover jewelry, art, vehicles, pre-owned items, and more. If price protection is a priority for you, make sure the purchases you tend to make are actually covered.

Many card issuers that offer price protection extend that policy to some or all of their credit cards. That means you have a long list of cards with price protection policies to choose from. Make sure to consider all aspects of a credit card—including rewards, fees, APR, and other benefits—and how they align with your spending habits and financial goals.

What Credit Is Required for a Card with Price Protection?

Price protection is available to consumers with all kinds of credit. Before you apply for a credit card, check your credit score to make sure you meet the card’s requirements. You can check your credit report free at Credit.com. 

Image: opolja

At publishing time, Citi Simplicity, Chase Sapphire Preferred, Discover it, and Capital One QuicksilverOne Cash Rewards Credit Card are offered through Credit.com product pages, and Credit.com is compensated if our users apply for and ultimately sign up for any of these cards. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved, or otherwise endorsed by the issuer(s).

Note: It’s important to remember that interest rates, fees, and terms for credit cards, loans, and other financial products frequently change. As a result, rates, fees, and terms for credit cards, loans, and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees, and terms with credit card issuers, banks, or other financial institutions directly.

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Certain credit cards and other financial products mentioned in this and other sponsored content on Credit.com are Partners with Credit.com. Credit.com receives compensation if our users apply for and ultimately sign up for any financial products or cards offered.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.



Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team