![]() ![]() That makes it a valuable card for everyday spending. With no annual fee, the More Rewards card by Navy Federal earns 3 points per dollar spent at restaurants and on food delivery, at supermarkets, on gas and transit and 1 point per dollar on everything else. Price Protection Benefit: Up to $250 per eligible item for price drops within 30 days of purchase, with a maximum of $1,000 in claims per year. Navy Federal More Rewards American Express® Card * Luckily, Capital One allows you to see if you’re likely to be approved with no risk to your credit score. However, only well-qualified applicants should apply: Instead of rejecting applicants who don’t meet their criteria, customers may be approved for a lesser version of the card with no price protection. Earning 5% back on & in the Walmart app, including grocery pickup and delivery, 2% on restaurants and travel, and at Walmart Stores, Walmart & Murphy USA fuel stations and 1% back everywhere else. Capital One® Walmart Rewards® Card *įor a niche customer, the Capital One Walmart Rewards card is great. It’s a good option for someone searching for price protection without an annual fee. The SavorOne credit card offers the same great price protection benefits, but with lower cash-back rewards. Capital One SavorOne Cash Rewards Credit Card The card’s simple rewards structure and extra consumer protections help justify the annual fee. Not only does the Capital One Savor Card offer price protection on eligible items, but it will also earn 5% cash back on hotels and rental cars booked through Capital One Travel, 4% cash back on dining, entertainment and popular streaming services, 3% cash back at grocery stores (excluding superstores like Walmart® and Target®) and 1% on all other purchases. Price Protection Benefit: Up to $250 per eligible item for price drops within 120 days of purchase, with a maximum of four claims per year. Check your card benefits for your specific card’s coverage. These benefits are subject to change over time, and they are typically tied to whether or not your card is a Visa or a Mastercard. Now, you’ll find it on just a few select cards including the ones below. Issuers including American Express, Chase, Citi and Discover dropped the perk entirely. Credit Cards That Offer Price ProtectionĪlthough this used to be a common benefit, it’s not anymore. For this, you’ll need a store sales flyer or a link and screenshot to a webstore. Lastly, you’ll provide proof of the lower price, including the date it was available. You’ll also need an itemized sales receipt (or e-receipt) from the purchase. Typically, you need a copy of your credit card statement to show that you paid for the item with the correct card. Once you find a lower price, you’ll have to file a claim. ![]() The basics of using price protection are straightforward: Make a purchase using your eligible credit card and find a lower price within the allowed timeframe. These are provided as guidelines only and approval is not guaranteed. This is just one scoring method and a credit card issuer may use another method when considering your application. Still, you’ll probably only want to make the effort for large purchases.Ĭredit Score ranges are based on FICO® credit scoring. Tools like Google Shopping, which will watch prices and email you when it finds a price drop, can help. It’s still your responsibility to track price drops and provide proof of the lower price which can be tedious. Usually, you need to find a price drop within 30 to 90 days of the original purchase-and it doesn’t even have to be offered by the same retailer.Įven if your credit card is one of the few that carries this benefit, price protection isn’t perfect. It doesn’t matter if you’ve already bought, opened and used the product. The perk isn’t common but can be particularly lucrative when used successfully. This lesser-known credit card benefit refunds the price difference if a product is later advertised and available at a lower price. Price protection is exactly what it sounds like. With the right credit card, you can file a price protection claim and have the difference in price refunded to your card. For most people, that would be frustrating, but smart shoppers know it’s no big deal. Imagine if you had purchased an item only to find it 25% off a week later. ![]()
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