Cameron DiGiovanni, Writer
@cdigiovanni20
Bank of America does not disclose any specific information regarding the Bank of America Customized Cash Rewards credit card price protection. The card may offer it as part of the Visa Signature benefits, but it is not guaranteed. So, make sure to check the guide to benefits that came with your Bank of America Customized Cash Rewards credit card to see which perks are included with your card.
In general, credit card price protection allows cardholders to receive a refund for the difference between an item’s original purchase price and a lower price advertised within the following 60 to 120 days. Coverage amounts and excluded items vary, depending on the credit card issuer.
Alternative Credit Card Options
If you’re looking for a credit card that still offers price protection, you should consider getting the HSBC Elite Credit Card. In addition to price protection, this card offers 60,000 points after spending $4,000 in the first 3 months. Plus, you can earn 1 - 5 points per $1 on purchases. The card’s annual fee is $495 and you need excellent credit for approval.
Ultimately, you can check out our editors’ latest picks for the best credit cards for price protection available right now on the market.
Bank of America® Customized Cash Rewards credit card
Bank of America® Customized Cash Rewards credit card
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Mel P, Member
@melanie_pt
The Bank of America Cash Rewards is a Visa Signature and Visa offers price protection on eligible items in the United States, providing you see a printed advertisement for less than your purchase price within 60 days. Coverage is limited to $250 per item and $1,000 per year.
People also ask
How does Mastercard price protection work?
Mastercard price protection reimburses you when an item that you bought with your card goes on sale later. You can get back the difference between what you paid and the new sale price, up to $250 per claim, within 60 to 120 days from the date of purchase as indicated on your receipt, depending on the issuer. You are entitled to a maximum of four claims every 12 months.
Keep in mind that price protection...
read full answer by Maria Adams, Credit Cards ModeratorHow does Visa price protection work?
Visa price protection helps eligible cardholders get the best price on certain items by refunding the difference if the cardholder finds the same product at a lower price within a certain amount of time of the purchase date. You must pay for eligible purchases with a Visa card that offers this benefit in order to qualify for it. A good option is the UBS Visa Infinite Credit Card.
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read full answer by Cameron DiGiovanni, WriterWhat are the best credit card benefits?
The best credit card benefits include rewards, price/purchase protection, airport lounge access, hotel perks and concierge services. Other benefits of using a credit card include the chance to build credit, the ability to pay off purchases over time, and the convenience of not having to carry cash.
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I have the MC version of the BofA Cash Rewards card (got it in the small window when they were pushing it as MC in 2019). Does this mean I have price protection or not? Sift app says I do, but I'm unsure. I've been considering a product change to the Visa version (since historically BofA was my original Visa provider, and I recently found out they originated Visa in the first place), but have been trying to verify the difference in benefits between the two... I called customer service and they were unhelpful.