Home Comparing Benefits Get Black Friday Deals into Next Year with Credit Card Price Protection

Get Black Friday Deals into Next Year with Credit Card Price Protection

With the right credit card, Black Friday bargains happen more than once per year.

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Get Black Friday Deals into Next Year with Credit Card Price Protection
Get Black Friday Deals into Next Year with Credit Card Price Protection
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You pay top-dollar for a brand new TV only to see it go on sale two months later for $400 cheaper. Depending on the credit card used, you’re eligible to collect the price difference.

You don’t feel like dealing with Black Friday in-store madness or CyberMonday online traffic (some of us have to work!), but you want those once-a-year prices. Save or screenshot the ads—a select few credit cards will honor those prices for almost three months before or after America’s biggest shopping weekend.

See, most credit cards come with a slew of lesser-known and infrequently used shopping and purchase benefits, none more arcane and underutilized than Price Protection. Price Protection is basically an insurance that covers price drops, insomuch that cardholders can be reimbursed the difference in price on most products if recorded at lower price in a printed advertisement at any retail store or non-auction Internet advertisement.

This feature isn’t automatic, so it’s up to the buyer to search the Sunday ads or hold onto those Black Friday bargains as proof of price. If you have paid a higher price and want the lower advertised price honored, you’ll then have to go through a rather simple claims procedure with your credit card administrator to get the difference refunded (meaning, you’ll have to front the price differential for a wee while and still pay off your card).

It’s also important to note what items are—and are not—covered. Most items you’d purchase for the holidays are covered but each card has specifics about inclusions and exclusions. In the most general sense, items not covered include: jewelry, art, antiques, collectibles, custom items, motorized vehicles of any type, animals and living plants, perishables, previously owned items, items for resale, services, tickets, and debit cards. Also, extras beyond the item itself, such as taxes, shipping and handling, delivery costs, and warranties do not count. Moreover, items must be purchased in the United States and “liquidation” sales or anything of the sort will be denied coverage.

For credit cards that do offer Price Protection, there are differences in the amount of time in which a claim can be made, the amount of coverage offered per item, the maximum coverage per year, and whether or not holiday ads will be honored. Here’s the scoop on Price Protection for our core premium cards at CreditCardPro.

Citi Prestige® Card

To be eligible for coverage, you must pay for the item at least in part with your Citi card.
Coverage Window: If the same item is found at a lower price within 60 days of purchase, it’s eligible for reimbursement of the price difference.
Maximum Coverage Per Item: Up to $500.
Coverage Provided Yearly: Up to $2500.
Ad Restrictions: Citi has the most generous Price Protection policy we know of. Special promotions such as Black Friday and door buster sales will be honored.
Claims Process: Go to www.CitiPriceRewind.com or call 1-866-506-5222 for instructions on how to submit a reimbursement request.

Chase Sapphire Reserve® and Chase Sapphire Preferred®

To be eligible for coverage, you must pay for the item entirely with your Chase Sapphire card or use the card’s reward points for the purchase.
Coverage Window: If the same item is found at a lower price within 90 days of purchase, it’s eligible for reimbursement of the price difference. However, cardholders must call the Benefit Administrator within twenty-one (21) days of the date of the advertisement.
Maximum Coverage Per Item: Up to $500.
Coverage Provided Yearly: Up to $2500.
Ad Restrictions: Chase’s price protection does not cover limited quantity promotions or seasonal sales. No Black Friday ad submissions here!
Claims Process: Call the Benefits Administrator at 1-888-675-1461 for instructions on how to submit a reimbursement request.

Luxury Cards: Mastercard® Black Card™, Mastercard® Gold Card™, Mastercard® Titanium Card™

To be eligible for coverage, you must pay for the item entirely with your Luxury Card card or use the card’s reward points for the purchase.
Coverage Window: If the same item is found at a lower price 120 days after purchase, it’s eligible for reimbursement of the price difference.
Maximum Coverage Per Item: Up to $250.
Coverage Provided Yearly: Up to $1000.
Ad Restrictions: Since the lower price must be found after the purchase, there’s no point to save your Black Friday ads. However, keep it in mind for next year for pre-Black Friday purchases!
Claims Process: Visit MyCardBenefits.com or call 800-Mastercard to open a claim.

American Express Platinum and Gold Cards

These cards do not offer Price Protection as a benefit to cardholders.

U.S. Bank Altitude Reserve Visa Infinite® Card

This card does not offer Price Protection as benefit to cardholders.

Happy holiday shopping (and saving) !!!!

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Award-winning travel writer and economist Paul Rubio is a credit card enthusiast, whose sophisticated use of points and rewards has helped him travel to 125 countries for free. Paul is a Harvard graduate with a master’s degree in public administration and a master’s degree in economics. He also holds a bachelor’s degree from Boston University with a double major in economics and environmental policy and a minor in conservation biology. He attended both undergraduate and graduate schools on full scholarships. Paul worked in the field of wildlife conservation before embracing his writing talents full-time in 2008. Since then, he has won more than two dozen national awards for his exemplary work in travel journalism. The prolific writer contributes to a number of top-tier international, national, and regional publications including Condé Nast Traveler, Fodors.com, Palm Beach Illustrated, Private Clubs, and Robb Report.