Chip Lupo, Credit Card Writer
First PREMIER Bank does not offer price protection on any of its cards. In general, credit card price protection allows eligible 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.
First PREMIER Bank’s lack of a price protection benefit is not uncommon these days, as more and more issuers are choosing not to include the benefit on any of their credit cards. 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.
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