Kendall Morris, Credit Cards Moderator
@kendallmorris
No, Chase Sapphire Preferred doesn’t offer price protection anymore. Chase discontinued the price protection benefit, which provided coverage up to $500 per item and $2,500 per year, for the Chase Sapphire Preferred card in August 2018. Prior to that, if a cardholder purchased an eligible item with the Chase Sapphire Preferred card and any retailer reduced the price of the item within the next 90 days, Chase would have refunded the difference between the purchase price and the sale price.
The Chase Sapphire Preferred card’s lack of price protection is not uncommon these days, as more and more cards have dropped the benefit. Recent advances in price-tracking technology have led to a dramatic increase in price protection claims, making the benefit too expensive for issuers to sustain.
Chase Sapphire Preferred® Card
People also ask
How does Chase credit card purchase protection work?
Chase credit card purchase protection covers you for up to $50,000 annually for lost, damaged, or stolen items. Claims must be filed within 120 days of the incident in order to be eligible. Protection covers the cardholder and the recipient of items purchased as gifts on an eligible Chase credit card.
When you file a claim, Chase will either repair or replace the item, at the Benefit Administrator’s discretion. In some cases, you will be reimbursed...
read full answerDoes Chase Sapphire Preferred offer return protection?
No, Chase Sapphire Preferred does not offer return protection coverage anymore. Chase has discontinued this benefit for most of its credit cards a while back.
Return protection is a benefit that offers reimbursement for undamaged, functioning items purchased with an eligible credit card. This benefit enables cardholders to return items that a retailer won’t accept. The coverage pays back the price of the item, up to a certain limit. However, this benefit is becoming rarer as...
read full answerHow does Chase Sapphire Preferred travel insurance work?
Chase Sapphire Preferred travel insurance covers lost or delayed luggage, accidents resulting in injury or death, and canceled trips, among other things. These policies cover you and your immediate family, as long as you pay for the trip. To be eligible to file a travel insurance claim, you’ll need to pay for your travel using your Chase Sapphire Preferred card.
Types of Chase Sapphire Preferred Travel Insurance
| Type of Benefit | Max Coverage... | Covered Individuals |
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