With the holiday shopping season upon us, you may be wondering if your Amazon Credit Card Offer Price Protection. Price protection is a benefit that refunds cardholders the difference between an item’s original purchase price and a lower price advertised within 60 to 120 days.
The short answer is no, the Amazon.com Credit Card does not offer price protection. However, price protection is becoming less common as credit card issuers drop the perk due to recent advances in price-tracking technology leading to more claims being filed.
When offered, coverage amounts and excluded items for price protection vary by the credit card issuer.
Keep reading to learn more about price protection and whether it’s right for you.
What is Price Protection?
Price protection is a benefit that refunds cardholders the difference between an item’s original purchase price and a lower price advertised within 60 to 120 days. Coverage amounts and excluded items for price protection vary by the credit card issuer.
Some cards exclude sale items from coverage or only cover a percentage of the difference up to a certain dollar amount. Exclusions also typically apply to jewelry, collectibles, and other high-ticket items.
Price protection can be a valuable benefit if you often make big-ticket purchases or tend to wait until items go on sale before buying them.
However, keep in mind that many retailers offer their own price-matching policies that may be just as good or better than what your credit card offers. In addition, some credit cards come with extended warranty coverage that may provide similar protections for your purchases.
Why is Price Protection Becoming Less Common?
Price protection is becoming less common as credit card issuers drop the perk due to recent advances in price-tracking technology leading to more claims being filed. In addition, the cost of providing this benefit has gone up as retailers have become savvier about online pricing fluctuations.
As a result, fewer cards offer this benefit than in years past. Only 14% of cards surveyed by Mycreditcardclub.com in 2018 offered price protection, down from 19% in 2017 and 26% in 2016.
>>Read More: How to dispute a charge on your amazon.com credit card
Conclusion:
If you’re looking for a credit card with price protection benefits, you may be out of luck. Due to recent advances in price-tracking technology and an increase in claims being filed, fewer cards are offering this benefit than in years past.
That said, many retailers offer their own price-matching policies that may be just as good or better than what your credit card offers. You should also check to see if your credit card comes with extended warranty coverage as this may provide similar protections for your purchases.
