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Doctor of Credit has confirmed with Citi that they are devaluing their price protection, by reducing the benefits of their Citi Price Rewind.
The new rules will come into effect July 29, 2018. The move topples Citi from near top of the price protection benefit and comes as a further disappointment after Chase dropped its price protection recently.
Key Changes
- You will be limited to a maximum refund per item of $200 instead of $500
- You will be limited to a maximum refund of $1,000 per year instead of $2,500
The time frame for making a Citi Price Rewind claim is not changing, and you will still have 60 days from the date of your purchase to make a claim.
Our Take
It is disappointing whenever a card benefit gets cut, although fortunately, Citi has decided to reduce their price protection and not eliminate it completely like Chase did. Now is the time to go through your recent purchases and check if you need to use the benefit before it is reduced.
Source Doctor of Credit
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