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Does your credit card company offer price-drop protection? 

Some credit card companies provide secondary benefits such as extended product warranties, purchase protection, and rental car insurance.

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Some consumers already have access to little-known credit card benefits that can come in handy over the holidays, including price-drop protection.
price protection 2018We’ve all heard about retailers offering price-match guarantees. But what most people don’t realize is that several major credit cards do the same thing, perhaps even better. So-called credit card price protection enables you to get a refund for the difference between what you pay for an item and a lower price advertised in the following 60-120 days. In other words, credit card price protection can eliminate your fear of missing out on a better deal, allowing you to both buy with confidence and save money.

But credit cards with price protection are not created equal. Coverage amounts and exclusions vary widely, as do claims procedures. So to help you better understand what the most popular cards bring to the table, WalletHub’s editors compared the 10 largest credit card companies’ price protection policies from top to bottom.

You can find the results of WalletHub’s review below. And if you’d like to learn more about the other secondary benefits that credit cards provide, check out our reports on extended product warranties, purchase protection, rental car insurance and more.

Some of the cards listed on this page originate from WalletHub partners, but that did not impact conclusions.

Offers are accurate as of Nov. 1, 2019.

Best Credit Cards for Price Protection

Rank Cards WalletHub Score
T - 1 Capital One Savor Cash Rewards 80%
T - 1 Capital One SavorOne Cash Rewards 80%
3 U.S. Bank Cash 365 American Express 76%
4 Bank of America Cash Rewards 73.5%
5 Wells Fargo Visa Signature 71%

Interesting note: Chase and Discover had the best credit card price protection from 2014 until dropping the benefit in 2018. Citi, Barclays and USAA also dropped price protection in 2019.

Ask The Experts

WalletHub took an even deeper look at the practice of price matching, turning to a panel of experts in the fields of retail and consumer studies for insights on issues ranging from the value of price matching for retailers to whether or not price monitoring is worthwhile to the consumer. You can check out the experts they consulted, the questions they asked them, and their responses HERE.

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