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Ever had the experience of buying something, only to see it advertised at another store or online for a better price? If you paid with a card that offers price protection, there is every chance you can recoup the price difference. While cards offering price protection are not as common as they once were, there are still plenty of options available — including a few that don’t charge an annual fee.
Which credit cards still offer price protection, and which one has the best coverage? Let's take a look.
What Is Price Protection and How Does It Work?
At its core, price protection is price matching for items you purchase using your credit card. If you find a lower advertised price for the same item within the specified timeframe, the card issuer will refund the difference.
The policies are effectively the same as low-price guarantees offered by retailers, covering items purchased in the U.S. using an eligible credit card. The claim windows range from 30 days after purchase on the low end up to 90 days from the date of purchase at the high end. There are plenty of restrictions on what you can claim, as well as limitations on the dollar value and number of claims you can make each year, which we dig into below.
Loss of Price Protection Benefits on Cards
Unfortunately, many card issuers — including Barclays, Discover, Chase, and Citi — have devalued or removed price protection policies over the last couple of years.
- Discover scrapped price protection benefits on all cards on October 31, 2018.
- Chase removed price protection from the majority of its Visa cards at the end of 2018, with the Sapphire Reserve Guide to Benefits stating the benefit was dropped as of August 26, 2018. There are now just a handful of United co-branded cards counting price protection as a benefit.
- Mastercard removed price protection mid-way through 2019, although some issuers still retain price protection on select cards.
- Citi culled its Price Rewind benefit on all cards from September 22, 2019.
- Barclays removed price protection on all cards on November 1, 2019.
Ancillary benefits such as price protection don't sound quite as sexy as free flights or five-star hotels, but there's every possibility you’ll receive more dollar value from card benefits than credit card rewards over the life of your card.
Provided you know what items your card covers, and you can navigate the claims process, price protection can potentially save you thousands of dollars per year.
Credit Cards Offering Price Protection Policies
We’ve only included credit providers and specific cards that we could find written price protection policies for, either in guides to benefits or covered on the issuer’s website, and included updates when new policies are announced. If we’ve missed a card and you can provide links to a price protection policy, please get in touch via the comments so we can get it added to the list.
| Card Issuer | Cards Offering Price Protection | Maximum Claim Value | Claim Window | Example of Policy |
|---|---|---|---|---|
| Barclays | Barclays removed price protection from all cards on November 1, 2019. | N/A | N/A | N/A |
| Capital One | Capital One provides price protection on several cards: • Savor Rewards from Capital One • Capital One Savor Cash Rewards Credit Card • Capital One Platinum Credit Card • Capital One Spark Cash Plus • Capital One Spark Cash Select • Capital One Spark Miles for Business • Capital One Spark Miles Select for Business • REI Co-op World Elite Mastercard | Up to $500 per item and $2,500 per year for business cards; up to $250 per item and four claims per year on consumer cards | 60 days for business cards; 120 days for consumer cards | Capital One Business Card Benefits Guides |
| Chase | United℠ TravelBank Card | Up to $500 per item and $2,500 per year | 90 days | "If a purchase you made in the U.S. is advertised for less in print or online within 90 days, you can be reimbursed for the difference up to $500 per item and up to $2,500 per year." |
| Citi | Citi no longer offers price protection (Price Rewind) on any credit card. | N/A | N/A | N/A |
| HSBC | HSBC Premier World Elite Mastercard® credit card | Up to $250 per item and four claims per year | 60 days | HSBC Premier Mastercard Benefits Guide |
| Navy Federal Credit Union | Navy Federal More Rewards American Express® Card | Up to $250 per item and $1,000 a year per account | 30 days | Look for the "best value guarantee" in the Navy Federal More Rewards Amex Benefits Guide |
| UBS | UBS Visa Infinite credit card | Up to $500 per item and $1,500 a year per account | 90 days | UBS Visa Infinite Benefits Guide |
| U.S. Bank | U.S. Bank Cash 365™ American Express® Card | Up to $250 per item and $1,000 a year per account | 30 days | U.S. Bank Amex Price Protection |
| Wells Fargo | Wells Fargo Visa Signature® Card (closed to new applicants) | Up to $250 per item and $1,000 per year | 60 days | Wells Fargo Visa Signature Price Protection |
You’ll notice some pretty big players in the credit card space are missing from this list, including Discover, American Express, Citi, and Bank of America. That's because they don’t offer price protection on any of their card products.
What Purchases Are Excluded from Price Protection?
The list of exclusions differs for each provider but is fairly consistent across different cards from the same issuer. Common exclusions include:
- Boats, cars, or any motorized vehicle (motorbike, truck, tractor, etc)
- Cell phones purchased on contract or as part of a service
- Secondhand or refurbished items
- Any item purchased to resell for profit or for commercial use
- Items purchased outside the U.S.
- Collectables, jewelry, rare, custom, or tailored items
- All fees and taxes, rebates, or incentives from the manufacturer
- Any kind of live animal
This is by no means an exhaustive list. For precise exclusions on each card, you’ll need to read the credit card guide to benefits. If you’re unfamiliar with your card benefits, we’ve compiled a handy list of guides to benefits from major credit providers.
Which Card Issuer Provides the Best Policy?
With Barclays' ending price protection benefits, Chase wiping the benefit from most Visa and Mastercard products, Discover removing the benefit from its listed card benefits, and Citi cutting the Price Rewind benefit completely, the best card for Price Protection depends on your needs.
Capital One's business cards like the Spark Cash cards and the United℠ TravelBank Card provide the highest coverage limits, though the United TravelBank Card isn't available to new applicants. Capital One's personal cards offer the longest coverage periods. Several other banks also offer viable alternatives in this dwindling area of credit card purchase protection, including UBS, HSBC, Wells Fargo, and Navy Federal Credit Union.
- Earn 50,000 bonus miles once you spend $4,500 on purchases within 3 months from account opening; worth $500 in travel if redeemed for a fixed-value, or potentially much more when transferred to airline partners
- 2 Miles per $1 on every purchase, everywhere
- Fee credit for Global Entry or TSA Pre✔® (up to $120)
- No foreign transaction fees
- $0 introductory fee for the first year; $95 after that
- 2X miles per dollar on every purchase, everywhere, no limits or category restrictions
- 5X miles per dollar on purchases through Capital One Entertainment (through 12/31/2025)
- 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
How To File a Price Protection Claim
- Capital One: Call 800-397-9010 to request a claim form and return with the required documents to Card Benefit Services, P.O. Box 2894, Great Falls, MT 59403.
- Chase: Call the Benefits Administrator at 888-880-5844 within 21 days of the advertised lower price and return all required documents within 45 days.
- Navy Federal Credit Union: Call 866-643-6873 within 90 days of purchase, though the difference must be at least $10.
- U.S. Bank: Call 855-327-1424 to initiate a request for a refund.
- Wells Fargo: Contact the Benefits Administrator at 800-553-7520 within 10 days of finding the lower advertised price.
Final Thoughts
If you haven’t used the price protection policy on your credit card(s), you're potentially missing out on hundreds of dollars a year in savings. Provided the items are an exact match, and the claim meets all the issuers' criteria, the process is relatively straightforward, and you can rest easy knowing that if there is a sale on the item you’ve just purchased, you can claim back the difference.
If you’ve had experience making a price protection claim through your credit provider, we’d love to hear from you in the comments below.
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