Does Capital One offer price protection?

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 30 days of the purchase date. Visa cards with price protection include the Rakuten Credit Card and the UBS Visa Infinite Credit Card.

Cardholders can get a Visa credit card with price protection when the card issuer decides to include this benefit in the offer. Price protection isn’t a standard benefit on Visa cards and it’s becoming increasingly rare.... read full answer

How Visa Price Protection Works:

1. Purchase an item with an eligible Visa credit card.
2. Find a printed advertisement for the purchased item (must be same make and model) at a lower price.
3. Submit a claim to the Benefits Administrator within 30 days of the purchase date.
4. If your claim is approved, you’ll receive an email through which you can choose to get reimbursed by check, bank transfer, or direct payment to your debit card.
5. Receive reimbursement for the price difference within one week of submitting a claim.

There are many eligibility requirements and other rules when it comes to actually using price protection, so make sure to look through the guide to benefits that comes with your credit card for exact details.

Capital One purchase protection covers things you purchase entirely with your Capital One card from theft or damage for the first 90 days after the purchase (for Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply). They will replace, repair or reimburse you up to the original purchase price. The maximum amount per claim/cardholder depends on the type of credit card and its network.... read full answer

Types of Cards with Purchase Protection

Capital One’s purchase protection benefits depend on the tier of your Capital One Mastercard or Visa. For example, Capital One’s Visa Signature, Visa Professional, and Visa Business credit cards have this benefit. On the Mastercard side, Capital One’s World, World Elite, World Elite Business, and Business Platinum Mastercards offer purchase protection. The tiers without purchase protection include Visa Platinum and Platinum Mastercard. The tier you get generally depends on your creditworthiness at the time you apply for a card.

To see which kind of Capital One card you have, flip the card over. You’ll see the Visa or Mastercard logo, and “Signature,” “Platinum,” “Business,” etc., will be written above or below the logo. But keep in mind that just because you have one of those cards doesn’t mean your card has the purchase protection benefit, though.

Here is more info about the Capital One purchase protection coverage:

• What is covered: Some examples of what’s covered by Capital One’s purchase protection include items purchased with your Capital One card that are stolen, damaged by fire or vandalism, or affected by “certain weather conditions.”
• What is not covered: The list of what’s not covered is extensive and specific: perishables, software, plants and animals, collectibles, used items, items stolen from vehicles or common carriers or checked luggage, and “lost” items that have disappeared without evidence of a wrongful act, among other things.
• Coverage amount: The maximum amount that you will get depends on the tier of your Capital One Mastercard or Visa. But it can vary between $500 to $10,000 per claim.

It’s important to note that many credit card benefits, like purchase protection, have been getting cut from benefits packages in recent years. The information above is correct right now, but could quickly change. If you plan on getting one of these credit cards, refer to the benefits booklet that comes with your new card for the most accurate information. You can also look up your card’s benefits on the Capital One website.

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. You are entitled to a maximum of four claims every 12 months. Note that only the ... read full answerWorld and World Elite Mastercards offer this benefit.

Here’s how Mastercard price protection works:

• Mastercard price protection reimburses you for the difference between the price you paid for an item and a lower price you find afterward.
• You’re covered up to $250 per claim, and you can make a claim four times in a 12-month period.
• Mastercard price protection gives you 60 days to make a claim after buying something.
• World and World Elite Mastercard are the only levels that offer price protection and give you 120 days to file a claim.
• You must have a receipt and a print or digital advertisement with a date, the retailer name, and the sales price as proof.
• Purchases that aren’t covered by Mastercard price protection include jewelry, art, antiques, pre-owned items, custom-made items, plants, animals, items bought at auctions, and more. Read your benefits guide for the full details.

You can file a claim either online or by calling (800) 627-8372. Make sure to request a claim form within 60 - 120 days of making your purchase (depending on the card). Submit the form and any other requested documentation within 180 days of when the advertisement for a lower price was posted.

After you buy something with your card, always keep an eye out for lower prices. You could save yourself up to $1,000 total per year with Mastercard credit card price protection.