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Many credit card issuers offer a price protection feature that can help you save on purchases even after your transaction has been completed. When an item you purchased on your card is listed for a lower price within a certain time frame, cards with price protection may reimburse you the difference.

This can be especially valuable for big-ticket purchases, which frequently go on sale or fluctuate in price.

Here are three great credit cards with price protection.

1. Chase Sapphire Preferred

Rewards: Two points per dollar spent on travel and dining; one point per dollar spent on other purchases.
Sign-Up Bonus: 60,000 bonus points if you spend $4,000 in the first three months.
Annual Fee: $95
APR: 17.49% - 24.49% Variable .
Why We Picked It: One of the best travel cards around also offers price protection.
Price Protection: Chase will reimburse you for eligible purchases if you find a lower price advertised in print or online within 90 days. You can receive up to $500 in reimbursements per item and $2,500 in total reimbursements per year.
Drawbacks: There’s a $95 annual fee.

2. Discover it Card Balance Transfer 

Rewards: 5% cash back on up to $1,500 in quarterly purchases in rotating bonus categories; 1% cash back on other purchases.
Sign-Up Bonus: Discover matches all cash back earned in the first year.
Annual Fee: $0
APR: 0% APR for 18 months on balance transfers and six months on purchases, then APR.
Why We Picked It: This rock-solid cash back card also offers 90 days of price protection.
Price Protection: If you can find a lower price on an eligible purchase within 90 days, Discover will reimburse the difference on up to $500 per item.
To get the best cash back value, you’ll need to track and activate bonus categories every quarter.

3. Capital One QuicksilverOne Cash Rewards Credit Card

Rewards: 1.5% cash back on all purchases.
Sign-Up Bonus: 
Annual Fee:
See Terms.
Why We Picked It: 
Even consumers with fair credit get cash back and price protection with this card.
Price Protection: Cardholders could be reimbursed the difference if they find a lower price on eligible purchases within 60 days. Capital One covers up to $250 per claim for a maximum of four claims per year.
Drawbacks: This card includes a high APR and an annual fee.

How to Choose a Credit Card with Price Protection

When evaluating a card’s price protection policy, always read the fine print. Most price protection policies apply only for a limited amount of time. Many card issuers place the responsibility of hunting for a lower price on the customer, and all price protection policies have a long list of exclusions.

For instance, Capital One’s price protection policy doesn’t cover jewelry, art, vehicles, pre-owned items, and more. If price protection is a priority for you, make sure the purchases you tend to make are actually covered.

Many card issuers that offer price protection extend that policy to some or all of their credit cards. That means you have a long list of cards with price protection policies to choose from. Make sure to consider all aspects of a credit card—including rewards, fees, APR, and other benefits—and how they align with your spending habits and financial goals.

What Credit Is Required for a Card with Price Protection?

Price protection is available to consumers with all kinds of credit. Before you apply for a credit card, check your credit score to make sure you meet the card’s requirements. You can check your credit report free at Credit.com. 

Image: opolja

At publishing time, Citi Simplicity, Chase Sapphire Preferred, Discover it, and Capital One QuicksilverOne Cash Rewards Credit Card are offered through Credit.com product pages, and Credit.com is compensated if our users apply for and ultimately sign up for any of these cards. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved, or otherwise endorsed by the issuer(s).

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