How does Chase Freedom Unlimited price protection work?

Chase Freedom price protection was discontinued on 8/26/2018. When it was still available, it reimbursed card holders when they bought an item with the Freedom card and found a better price on the same item in the next 90 days. The cardholder got back the difference between the price they paid and the price they found, up to $500 per item and $2,500 per year. There was a bit of fine print, though. It’s good to know the specifics of the policy in case it ever comes back. … read full answer

When Chase Freedom price protection was active, only the cardholder could make a claim. Items purchased by either the cardholder or an authorized user with the Chase Freedom Card or Chase Ultimate Rewards Points were eligible. But only the person whose name was on the account could submit a claim.

In addition, the policy only refunded $50 per item and $150 per year from items that had lower prices because of cash only, close-out, liquidation or going-out-of-business sales. And certain sales didn’t count at all. Flea markets, fire sales, limited quantity promotions, seasonal sales and auctions were not covered.

Some items were not eligible, too. Chase would not reimburse motorized vehicles, cell phone service, pre-owned items, items for commercial use, purchases from outside of the USA, jewellery, antiques and more. And if the store you bought an item from had a price-match policy, you had to go to them for reimbursement before contacting Chase.

If the Chase Freedom price protection benefit ever comes back, here’s how to make a claim: Call the Chase Benefit Administrator at 1-888-320-9656 within 21 days of when you saw an advertisement for a lower price. Return the claim form Chase sends you, along with proof of the price, within 45 days of when you requested the form. If everything is in order, Chase will reimburse you within 60 days of when they receive your proof.

Chase Freedom benefits include a $150 bonus for spending $500 in the first 3 months and a $0 annual fee. There’s also an introductory APR of 0% for 15 months on purchases. The intro rate for balance transfers is 0% for 15 months, and there is a balance transfer fee of 3% when you transfer during the first 60 days of account opening, with a minimum of $5. Plus, the Freedom card offers 5% cash back on up to $1,500 in combined purchases in quarterly bonus spending categories. All other purchases get 1% cash back.… read full answer

But Chase Freedom benefits aren’t all about rewards and financing. There are plenty of other perks too, depending on which version of the Freedom card you have. For example, both the standard Visa Platinum and Visa Signature versions of the card offer rental car insurance. It covers you against damage and theft. There’s a roadside assistance benefit available to all Chase Freedom cardholders too. It provides towing, tire changes, fuel delivery, and lockout service for $59.95 per service call.

Both versions of the Freedom card come with purchase benefits too. There’s an extended warranty, which adds 1 year to your purchased item’s existing warranty. There’s also purchase protection. This benefit reimburses you up to $500 ($50,000 per account) for broken, lost or stolen items that you paid for with your Freedom card. All of these benefits come free with both versions of the card.

The Visa Signature version of the Freedom card adds coverage for travel-related accidents up to $250,000. It also gets you $5,000 per trip in trip cancellation/interruption insurance, along with a lost luggage benefit that pays up to $3,000 for lost or damaged bags.

Most these benefits also apply to the Chase Freedom Unlimited card. The only difference is the rewards.