It has happened to anyone at least once in their life. You thoroughly planned a big ticket purchase, let’s say, a laptop. You scanned hundreds of offers choosing the right model and then the best price for that particular model. Finally you purchased your laptop which looked almost ideal by that moment. And all that just to see a significant price drop exactly for that model a few weeks later. Rotten luck!

What is Price Protection

Well, it’s not that bad if you paid for that purchase with your credit card. You may get the price difference refunded by your credit card issuer. The point is that most banks offer Price Protection programs as a credit card benefit available to almost any cardholder.

So, how does it work? If you see the price drop for a purchase made with a credit card within a certain time frame – 60-90 days after the purchase date, you can inform your bank of it, and your bank will refund you the price difference. Just make sure that you found the price drop for an identical item (the same model, manufacturer, even color, etc.).

Programs terms vary depending on the credit card issuer. But normally they may refund you up to $250-$500 per claim and up to $2,500 per year. Banks repay you money for nothing! And the only drawback of the Price Protection program is that you have to launch a claim or register your purchase to kick in – it’s not automatic.

Tips to make the most out of Price Protection

Price Protection doesn’t cost you anything, but it may take some time to fill out a claim form and submit supported documents. So use your time effectively. A few hundreds of dollars of refund is definitely worth devoting half an hour to paperwork. But $10-$20 may not be rewarding enough.

So here are our tips:

  • Launch claims for big purchases, preferably, devices and gadgets. Since their prices regularly go down as technologies are moving fast and new products or features appear. Also bear in mind that some cards allow you to launch claims only four times per year. So it’s better to use them to get higher refunds.
  • Read the fine print of each particular credit card:
    • Search your agreement for deadlines to file your claims within the right time frame.
    • Check exclusions to find out what items are not covered within the Price Protection program of a particular credit card issuer.
    • And, of course, bear in mind claim limits. For example, you may not get a refund higher than $500 per claim. Or you may be able to submit only four claims per year. Use your card opportunities in a smart way.
  • Gather your evidences. Yes, the main condition is that the purchase should be paid with a credit card. You have to prove this with a credit card statement. But also you should prove the price difference. An original receipt is to show the price you have paid. And a printed ad (sometimes an online ad is also eligible) is to demonstrate the price drop. Make sure that you have exactly the same item on the ad as the one you bought.
  • If you have several cards with the Price Protection program, use this. Make the biggest purchases with cards with higher claim limits. Or use a Citi card with its automated claim process to get refunded for your everyday purchases. Also bear in mind that if you have several cards from the same issuer, claim limits are set to particular cards not to a cardholder.

What cards offer Price Protection and what to expect from it

Five major credit card issuers have Price Protection programs. Please click your issuer to find the details of its particular offer:

  1. Citi;
  2. Discover;
  3. Capital One;
  4. Chase;
  5. MasterCard.

Citi Price Rewind

Citi offers an online-based program called Price Rewind. To take part in it, you should register your purchase on the website and submit required receipts and statements. After that, the service scans the Internet for lower prices and reimburses you the difference. This offer is the most user-friendly one, since the entire process is automated.

Citi offers Price Rewind on ThankYou Preferred, Simplicity, Prestige, AAdvantage, Double Cash, Premier and Expedia+ Voyager credit cards.

Refunds up to $300 per item, $1,200 in total per year.

If requested within 60 days of the purchase date.

Excluded items:


  • tires, motorized vehicles;
  • jewelry (except watches), antiques;
  • pets;
  • tickets;
  • firearms, ammunition;
  • contracted services;
  • out-of-stock, limited-edition and going-out-of-business items;
  • items from online auctions;
  • personalized and refurbished items.

How to get covered:

  • Within 60 days after the purchase, register your item on the website of Citi Price Rewind Program. After that, the service starts searching the Internet for the price drop, and if there’s any, the program will refund you the difference.

Or

  • You may call 855-569-7366 and submit your own claim.

Discover Price Protection

The Price Protection program run by Discover has one of the highest reimbursement limits of $2,500 per year and one of the longest period – three months – for filing claims.

Discover offers Price Protection for all its credit cards.

Refunds up to $500 per item, $2,500 in total per year.

If requested within 90 days of the purchase date.

Excluded items:


  • plants and pets;
  • tickets, travel checks, services;
  • secondhand and perishable item;
  • jewelry, antiques, collectibles;
  • negotiable instruments;
  • motorized vehicles.

How to get covered:

  1. Find a lower price for the purchased item within 90 days after the purchase.
  2. Call customer service (800-347-2683) to open a claim and submit supported documentation: the receipt, credit card statement and either dated ad with a lower price or signed statement from store stationary documenting the price for an identical item.

Capital One Price Protection

Capital One offers Price protection on QuicksilverOne secured and rewards cards, Platinum, Classic Platinum, Platinum Prestige, and some business cards.

Refunds up to $250 per item, and only four claims per year.

If requested within 60 days of the purchase date.

Excluded items:

  • plants and pets;
  • art, jewelry, antiques;
  • used, personalized and customized items;
  • layaway items, perishable items;
  • items advertised as limited-edition and going-out-of-business, closeout or discontinued, equipment and accessories;
  • motorized vehicles;
  • services and tickets.

How to get covered:

  1. Find the lower price within 60 days of the purchase, and request a claim form from customer care.
  2. Submit the claim form along with credit card statement, ad with a lower price and receipt.

Chase Price Protection

Chase has one of the most generous Price Protection programs. It reimburses up to $2,500 per year and has the longest filing period – three months – for claims.

What’s more, it covers even going-out-of-business, liquidation, and closeout items.

Chase offers Price Protection on Sapphire, Slate and Freedom cards.

Refunds up to $500 per item, $2,500 in total per year.

For going-out-of-business, liquidation, and closeout ads: refunds up to $50 per item and $150 in total per year.

If requested within 90 days of the purchase date.

Excluded items:


  • plants and animals;
  • collectibles, jewelry, antiques;
  • tailored items;
  • motorised vehicles;
  • limited-life items (like rechargeable batteries);
  • services, cell phone service contracts and agreements;
  • final-sale items;
  • secondhand and refurbished items;
  • layaway items;
  • perishable items.

How to get covered:

  1. Find a price drop on a purchased item within 90 days of the purchase date.
  2. Within 21 days of the date of the lower priced ad, contact the benefit administrator (888-320-9656) to request a claim form.
  3. In the following 45 days, you should submit the form together with the ad, credit card statement and receipt.  

MasterCard Price Protection

MasterCard offers Price Protection for all MasterCard credit cards, but terms may vary depending on an issuing bank.

Refunds up to $250 per item, and only four claims per year.

If requested within 60 days of the purchase date.

Excluded items:

  • items from online auctions;
  • art, jewelry, antiques;
  • second hand, recycled and refurbished items;
  • tickets and services;
  • animals & pets;
  • items sold with rebates bonuses, manufacturer’s coupons or special financing; final-sale items;
  • perishable items;
  • layaway items;
  • customized items;
  • motorized vehicles.

How to get covered:

  1. Within 60 days after the purchase date, you should find a price drop on the purchased item. After that, contact customer service (800-627-8372) and request a claim form.
  2. Now you have 180 days after the advertisement to submit the claim form, ad, receipt and credit card statement.

The bottom line

Price Protection is a typical credit card benefit. Because many banks offer it trying to attract more clients and stimulating them to pay with a credit card for purchases. And many cardholders may benefit from Price Protection and save up to several thousands of dollars per year on price differences. But, what is also typical, few cardholders actually know how to use Price Protection since its terms are buried in the fine print of cardholder agreement.

We did all the hard work for you. Please use our guide, and make the most of your credit card.