We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What is Price Protection?

Malcolm Tatum
By
Updated May 16, 2024
Our promise to you
SmartCapitalMind is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At SmartCapitalMind, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

Price protection is a feature that is often offered by credit card providers which makes it possible for consumers to obtain a refund on an item purchased with a particular credit card, if that item decreases in price within a stated period of time. The time frame involved varies from one provider to another, and additional restrictions may apply in some cases. While a fairly common feature, this particular benefit is rarely called to the attention of credit card users.

In many instances, the time frame associated with the price protection feature is short. Companies that issue credit cards usually limit the provision to purchases that have been made in the last 30 to 60 calendar days. This means that if a consumer notices an item purchased two and a half months ago is now on sale, the price protection coverage is not applicable and there is no chance of obtaining a refund.

Other restrictions often apply to the coverage provided by credit card price protection. Some providers require that the item in question must be offered at the same store or by the same vendor at a price lower than the amount charged by the consumer. To support the claim, the consumer must also submit proof that the purchased item is now offered at a lower price. One common type of documentation that credit card companies accept as proper verification is a newspaper advertisement that carries the name of the retailer and the current price of the item. To confirm the date connected with the lower price, the consumer would not simply clip the ad from the newspaper, but submit the entire sheet with the ad, including the date at the top of bottom of the sheet.

While items purchased at brick-and-mortar locations are often covered by price protection, relatively few credit card companies extend the coverage to online purchases. In addition, limits on the amount of the refund are often imposed. Those limits may be per item, or cover all claims submitted within a defined period of time, such as one calendar year. To determine exactly how a price protection feature functions with a particular credit card, it is important to read the terms and conditions related to the use of that card. Doing so will make it easier to understand how to submit a claim, what documentation to include, and what type of refund the consumer can reasonably expect to receive.

SmartCapitalMind is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Malcolm Tatum
By Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing to become a full-time freelance writer. He has contributed articles to a variety of print and online publications, including SmartCapitalMind, and his work has also been featured in poetry collections, devotional anthologies, and newspapers. When not writing, Malcolm enjoys collecting vinyl records, following minor league baseball, and cycling.
Discussion Comments
Malcolm Tatum
Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing...
Learn more
SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.

SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.