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Update: The new 2019 limitations of $200 per item and a maximum refund of $1,000 per year are now in effect.
In August 2018, Citicard members won a partial reprieve on the reduction of Citi’s Price rewind benefit. In May, Citi had announced that effective July 29, 2018, the following price rewind benefit would change as follows:
- 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 first change has come into force, but now Citi has rowed back on the second through the end of 2018, and the maximum refund will remain at $2,500. However, from 2019 the maximum yearly refund will be $1,000.
Even though there has been an overall trend for major card issuers to drop or reduce Price Protection, some issuers still have great Price Protection policies; so, if it is an important benefit for you, check out our guide to the best credit cards for Price Protection.
Our Take
This is a welcome move by Citi, and you now have until the end of the year to benefit from the higher (older) limit of $2,500. Sadly, the new limit of $1,000 will come into effect from 2019, although it is still a fair deal better than Chase eliminating Price Protection from all their cards. So even though the move is disappointing it is still better than nothing!
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