The 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 and up to four claims every 12 months. You’re covered for the same amount on all types of Mastercard credit cards, but the coverage lasts longer on World and World Elite Mastercards than it does on standard Mastercards.
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 price protection 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.
To make a claim, call 800-627-8372 or visit www.mycardbenefits.com and 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. All Mastercard credit cards have it.
Chase Sapphire Reserve purchase protection covers you for up to $10,000 per item if something you buy with Reserve gets lost, stolen or damaged within 120 days of purchase. Chase will repair the item, order you a new one or give you a refund, whichever is cheaper. The annual coverage limit is $50,000.… read full answer
There are several restrictions on what kinds of items are covered. For example, antiques, motorized vehicles, and living plants and animals are not eligible. Plus, to get reimbursed, you need to mail in a completed claim form within 120 days of a loss. It’s always good to read the fine print, and Chase Sapphire Reserve purchase protection is no exception. I’ll walk you through the important details below.
Here’s what you get from Chase Sapphire Reserve purchase protection:
You are covered for theft, damage, and accidental parting. Accidental parting means you know where the item is, but you can’t get it back.
To be covered, an item must have been paid for, at least in part, with your Chase Sapphire Reserve card or Chase Ultimate Rewards points.
Gifts you buy for others qualify for coverage, so long as you charge them to your Sapphire Reserve card (or use points) and the item is otherwise eligible.
Chase offers purchase protection in addition to any insurance you have. That means you’ll need to file an insurance claim if possible, and submit documentation of the claim and any compensation you received to the Benefit Administrator.
Items that you buy to resell are not covered. Neither are purchases damaged or lost in delivery. Other items that don’t qualify for coverage include animals, living plants, antiques, collectibles, motorized vehicles, computer software, cosmetics, checks, medical equipment, used goods, and pre-paid cards.
If you’re making a claim for a damaged purchase, you will usually need to keep the item to send it in.
Here’s how to make a Chase Sapphire Reserve purchase protection claim:
Contact the Benefit Administrator at 1-888-675-1461 within 90 days of the loss.
The Administrator will send you a claim form, which you need to fill out and return within 120 days of the loss.
If Chase decides to repair your item, you will be notified of the decision within 15 business days of sending in documentation. You’ll then need to send the item to the Benefit Administrator, and pay for the shipping yourself.
If you’re getting reimbursed, the credit should show up in your account within 5 business days of getting all your paperwork in.
Chase Sapphire Reserve purchase protection gives you some extra peace of mind and, maybe, some extra cash. Just make sure you save your receipts, and pay attention to the claim deadlines.
Visa and Mastercard are the most widely accepted credit card networks. Visa credit cards can be used at 44 million merchant locations in more than 200 countries and territories. Mastercard credit cards are accepted at 37 million merchant locations in more than 210 countries and territories.
Mastercard is accepted in more countries than Visa, yet roughly 7 million more merchants worldwide take Visa. Both have a claim to the title of most widely accepted credit card as a result. Visa also is the most widely used type of credit card.… read full answer
There isn’t a single credit card that’s most widely accepted, however, because there are hundreds of Mastercard and Visa credit card offers available.
Most Widely Accepted Credit Cards:
Most Widely Accepted Internationally: Mastercard (210+ countries and territories); Visa (200+).
Most Widely Accepted in the U.S.: Visa and Mastercard are both accepted at a little less than 11 million U.S. merchant locations.
Least Widely Accepted Internationally: American Express (160+ countries and territories); Discover (185+).
Least Widely Accepted in the U.S.: American Express (8.5 million locations). This includes the 1.6 million U.S. merchants American Express added in 2017.
Most Widely Used: Visa has the most credit cards in circulation (about 838 million). American Express has the highest purchase volume, at $14,480 per cardholder annually.
Best Worldwide Credit Cards: Visa or Mastercard credit cards with no foreign transaction fee.
The difference between Visa and Mastercard acceptance is slight. Either should suit your needs almost anywhere in the world. But if you plan on traveling internationally, be sure your Mastercard or Visa credit card doesn’t charge a foreign transaction fee. That will save you up to 3% on every purchase you make abroad.
Finally, it’s worth pointing out that store cards are the least widely accepted credit cards. They don’t belong to any of the four major card networks. So, they can only be used at their affiliated retailers.
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