Cameron DiGiovanni, Writer
@cdigiovanni20
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 a certain amount of time of the purchase date. You must pay for eligible purchases with a Visa card that offers this benefit in order to qualify for it. A good option is the UBS Visa Infinite Credit Card.
Cardholders can get a Visa credit card with price protection if 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.
How the Visa Price Protection Benefit Works
- Purchase an item with an eligible Visa credit card.
- Find a printed advertisement for the purchased item (must be same make and model) at a lower price.
- Submit a claim to the Benefits Administrator within a certain amount of days of the purchase date.
- 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.
- 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 more specific details.
People also ask
How does Mastercard price protection work?
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, within 60 to 120 days from the date of purchase as indicated on your receipt, depending on the issuer. You are entitled to a maximum of four claims every 12 months.
Keep in mind that price protection...
read full answer by Maria Adams, Credit Cards ModeratorDo Chase credit cards offer price protection?
There is one Chase credit card that offers price protection, the United Club℠ Business Card. The card’s price protection benefit allows cardholders to receive a refund for the difference between an item’s original purchase price and a lower price advertised within 90 days of making the purchase. The coverage amount is up to $500 per item and $2,500 per year.
How Chase Credit Card Price Protection Works
- Purchase an item with the United Club℠ Business Card.
- Find a printed...
How does Visa credit card purchase protection work?
Visa purchase protection covers stolen or damaged items bought with an eligible Visa credit card. You are covered for 90 days following the purchase date. This benefit repairs, replaces, or reimburses eligible products up to $10,000 in coverage per claim and $50,000 per account.
It’s possible to get purchase protection (also called purchase security) on eligible Visa consumer or business cards. But keep in mind that it’s up to the issuer to include purchase protection as part of...
read full answer by Cameron DiGiovanni, WriterDid we answer your question?
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