The best credit cards with price protection in 2020

May 14, 2020

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Editor’s note: This post has been updated with the latest credit card information.

We all like to get a good bargain, but no matter how much you comparison shop and track prices, you’ve probably come across an item you’ve just purchased for less money than you paid.

However, some rewards credit cards offer a benefit called “price protection.” Don’t get it confused with “purchase protection,” which is completely different. Purchase protection usually covers you in the case of damage, theft or sometimes even the loss of an item. Price protection is an insurance policy against a price drop on an item you buy.

If you use an eligible card to purchase an item and then find that same item on sale for less, your card will generally reimburse you for the difference between what you paid and the better price you found.

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Credit cards that offer price protection in 2020

The information for the United TravelBank Card, UBS Visa Infinite Card, Rakuten Cash Back Visa Credit Card, Capital One Spark Cash, Capital One Spark Miles, Capital One Spark Cash Select, Capital One Spark Miles Select, Wells Fargo Visa Signature Card, HSBC Premier World Elite Mastercard credit card, Navy Federal More Rewards American Express Credit Card and U.S. Bank Cash 365 American Express Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

In This Post

Comparing the best cards for price protection

Card Maximum coverage amount per item Maximum coverage amount per year Coverage duration (days after purchase) Earning rate Annual fee
United TravelBank Card $500 $2,500 90 2% on tickets purchased from United

1.5% on everything else

$0
UBS Visa Infinite Credit Card $500 $1,50 b 0 90 3x points for commercial air travel

2x points for gas and groceries

1x points on everything else

$495
Rakuten Cash Back Visa Credit Card $500 $2,500 60 3% cash back on qualifying purchases made through Rakuten.com, Rakuten In-Store Cash Back Offers, Rakuten Hotels and Rakuten Travel

1% cash back on everything else

$0
Capital One Spark Cash for Business $500 $2,500 60 2% cash back on everything $0 intro for the first year, $95 after that
Capital One Spark Miles for Business $500 $2,500 60 2x miles on everything $0 intro for the first year, $95 after that
Capital One Spark Cash Select for Business $500 $2,500 60 1.5% cash back on everything $0
Capital One Spark Miles Select for Business $500 $2,500 60 1.5x miles on everything $0
Wells Fargo Visa Signature card $250 $1,000 60 5x points earned on spending of up to $12,500 on gas, grocery, and drugstore purchases for the first six months

1x points on other purchases

$0
HSBC Premier World Elite Mastercard credit card $250 Up to four claims per 12-month period 60 3x points on travel

2x points on dining

1x points on everything else

$395
Navy Federal More Rewards American Express Credit Card $250 $1,000 30 3x points at supermarkets, restaurants and on gas and transit

1x points on everything else

$0
U.S. Bank Cash 365 American Express Card Unconfirmed Unconfirmed 30 1.5% cash back on everything $0

Best cards with price protection

United TravelBank Card

(Photo by Zach Griff/The Points Guy)
(Photo by Zach Griff/The Points Guy)

Earning rate: 2% in TravelBank cash per $1 spent on tickets purchased from United and 1.5% on all other purchases. ($1 in TravelBank cash is equal to $1 when used toward the purchase of a ticket on flights operated by United.)

Annual fee: None

Price protection benefit: Price protection was removed from other United cobranded cards and most other Chase cards in 2018, but this card still offers price protection. If a purchase you made with the card in the U.S. is advertised for less in print or online within 90 days, you can be reimbursed the difference, up to $500 per item, $2,500 per year.

How we confirmed the price protection benefit: It is listed as a benefit under “Travel & purchase coverage” on the card’s application page.

Other shopping protections: Purchase protection

Related reading: The best credit cards for United Airlines flyers

UBS Visa Infinite Credit Card

(Photo by The Points Guy)

Earning rate: 3x points for commercial air travel, 2x points for gas and groceries and 1x points for all other purchases

Annual fee: $495

Price protection benefit: If you buy an eligible item with your card in the U.S. and see a printed advertisement at any retail store or from a non-auction online site for less within 90 days of the original purchase date, you may be able to file a claim and be refunded the difference up to $500 per item. This benefit is limited to $1,500 a year per account.

How we confirmed the price protection benefit: The guide to benefits linked from the card’s application page describes this benefit.

Other shopping protections: Extended warranty protection, return protection, purchase security and event ticket protection

Related reading: UBS Visa Infinite Credit Card review

Rakuten Cash Back Visa Credit Card

(Photo by Isabelle Raphael / The Points Guy)
(Photo by Isabelle Raphael/The Points Guy)

Earning rate: 3% cash back on qualifying purchases made through Rakuten.com, Rakuten’s In-Store Cash Back Offers, Rakuten Hotels and Rakuten Travel; 1% cash back on everything else

Annual fee: None

Price protection benefit: If you buy an eligible item in the U.S. with your covered account and/or a rewards program associated with your covered account and see the identical eligible item available for less in another retail store’s printed advertisement or non-auction internet advertisement within 60 days of the date of purchase, you can be reimbursed the difference up to $500 per item and up to $2,500 a year.

How we confirmed the price protection benefit: It is listed as a “Peace of Mind” benefit on the card’s application page. Additional information is available in the guide to benefits linked from the card’s application page.

Other shopping protections: Extended warranty protection, return protection and purchase security

Related reading: Rakuten (formerly Ebates) adds Amex Membership Rewards earning to all accounts

Capital One Spark Cash for Business

(Photo by The Points Guy)
(Photo by The Points Guy)

Earning rate: 2% cash back on everything

Annual fee: $0 intro for the first year, $95 after that

Price protection benefit: If you buy an eligible item with this Visa card in the U.S. and see it available for less in another retail store’s printed advertisement within 60 days of the date of purchase, the benefit administrator will refund the difference up to $500 per item and up to $2,500 a year per eligible account.

How we confirmed the price protection benefit: The guide to benefits linked from the card’s application page describes this benefit.

Other shopping protections: Purchase security and extended protection

Related reading: Unlimited 2% cash back on everything: Capital One Spark Cash for Business credit card review

Capital One Spark Miles for Business

(Photo by Eric Helgas for The Points Guy)
(Photo by Eric Helgas/The Points Guy)

Earning rate: 2x miles on everything

Annual fee: $0 intro for the first year, $95 after that

Price protection benefit: If you buy an eligible item with this Mastercard in the U.S. and see it available for less in another retail store’s printed advertisement within 60 days of the date of purchase, the benefit administrator will refund the difference up to $500 per item and up to $2,500 a year per eligible account.

How we confirmed the price protection benefit: According to the benefits guides on Capital One’s website, cardholders with a Visa Business Signature card (see the guide to benefits) or a World Elite for Business Mastercard (see the guide to benefits) will have access to price protection. But other types of Spark business cards may not offer price protection.

Other shopping protections: Purchase security and extended protection

Related reading: Double miles on everything: Capital One Spark Miles for Business credit card review

Capital One Spark Cash Select for Business

(Photo by John Gribben for The Points Guy)
(Photo by John Gribben/The Points Guy)

Earning rate: 1.5% cash back on everything

Annual fee: None

Price protection benefit: If you buy an eligible item with your card in the U.S. and see it available for less in another retail store’s printed advertisement within 60 days of the date of purchase, the benefit administrator will refund the difference up to $500 per item and up to $2,500 a year per eligible account.

How we confirmed the price protection benefit: The guide to benefits linked from the card’s application page describes this benefit.

Other shopping protections: Purchase security and extended protection

Related reading: The top 5 business cash-back credit cards

Capital One Spark Miles Select for Business

(Photo by John Gribben for The Points Guy)
(Photo by John Gribben/The Points Guy)

Earning rate: 1.5x miles on everything

Annual fee: None

Price protection benefit: If you buy an eligible item with your card in the U.S. and see it available for less in another retail store’s printed advertisement within 60 days of the date of purchase, the benefit administrator will refund the difference up to $500 per item and up to $2,500 a year per eligible account.

How we confirmed the price protection benefit: According to the benefits guides on Capital One’s website, cardholders with a Visa Business Signature card (see the guide to benefits) or a World Elite for Business Mastercard (see the guide to benefits) will have access to price protection. But other types of Spark business cards may not offer price protection.

Other shopping protections: Purchase security and extended protection

Related reading: Capital One Spark Miles Select review: Earn transferable miles with no annual fee

Wells Fargo Visa Signature card

Photographer: Andrew Harrer/Bloomberg via Getty Images
The Wells Fargo Visa Signature card earns top rewards at gas stations. (Photo by Andrew Harrer/Bloomberg via Getty Images)

Earning rate: 5x rewards points for up to $12,500 spent on gas, grocery, and drugstore purchases for the first six months, plus 1x points on other purchases.

Annual fee: None

Price protection benefit: If you see eligible items advertised for less within 60 days of purchase, you can be reimbursed the difference up to $250 per item and up to $1,000 a year.

How we confirmed the price protection benefit: It is listed as a benefit under “Purchase Protections” on the card’s application page

Other shopping protections: Purchase security, extended warranty protection and cellphone protection

Related reading: A force multiplier for travel rewards: Wells Fargo Visa Signature credit card review

HSBC Premier World Elite Mastercard credit card

(Photo by Isabelle Raphael / The Points Guy)
(Photo by Isabelle Raphael/The Points Guy)

Earning rate: 3x Rewards Program Points on travel purchases, 2x points on dining purchases and 1x points on all other purchases

Annual fee: $395

Price protection benefit: You must purchase the new item entirely with your covered card and/or accumulated points from your covered card. You must see either a printed advertisement or non-auction internet advertisement for the same product for a lower price within 60 days from the date of purchase. Coverage is limited to the difference between the actual cost of the item and the advertised lower price, up to $250 per claim. There is a maximum of four claims per cardholder account per 12-month period.

How we confirmed the price protection benefit: The guide to benefits linked from the card’s application page describes this benefit.

Other shopping protections: Extended warranty and purchase assurance

Related reading: The best Mastercard credit cards of 2020

Navy Federal More Rewards American Express Credit Card

(Photo by Orli Friedman / The Points Guy)
(Photo by Orli Friedman/The Points Guy)

Earning rate: 3x points at supermarkets, restaurants and on gas and transit; 1x points on everything else.

Annual fee: None

Price protection benefit: Pays the overage if the cardholder sees, within 30 days of making a qualified purchase, an identical item advertised in print at a lower price than originally paid. Benefits are capped at $250 per item and $1,000 annually per card account.

How we confirmed the price protection benefit: The guide to benefits linked from the card’s application page describes this benefit. A card benefits page on Amex’s website also notes this benefit.

Other shopping protections: Extended warranty, return protection and retail protection

Related reading: The best credit cards for active-duty military

U.S. Bank Cash 365 American Express Card

(Photo by Orli Friedman / The Points Guy)
(Photo by Orli Friedman/The Points Guy)

Earning rate: 1.5% cash back on every dollar of net purchases

Annual fee: None

Price protection benefit: Receive reimbursement of the price difference on an eligible item purchased entirely with your card if an identical item is found for a lower price within 30 days of the purchase.

How we confirmed the price protection benefit: The card’s benefits page lists the benefit.

Other shopping protections: Extended warranty protection, return protection and retail protection

Related reading: Best U.S. Bank credit cards

How we selected the best cards for price protection

The number of credit cards that offer price protection has decreased drastically in the last few years. Discover was the first to remove price protection from all of its cards. Then Chase eliminated price protection from most of its cards, followed by Citi, USAA, select Barclays cards and cobranded IHG cards. Mastercard removed price protection from most of its cards as of July 1, 2019.

Since there aren’t many cards left that advertise price protection, I included all of the cards that I could verify still offer price protection in this guide. This guide may not include all cards that offer price protection, though. Additional cards may offer price protection but not publicly advertise the benefit. Plus, there may be regional banks or credit unions in your area that offer cards with price protection.

Related reading: How to choose the right credit card for you

How price protection benefits differ

Among the cards that still offer price protection, the coverage tends to vary from card to card. Among the factors you should consider when using a card with price protection are:

  1. The amount of coverage per item. This benefit is usually offered with a maximum of $250 to $500 per item.
  2. The amount of coverage per year. Just as there are individual claim maximums, each cardholder can usually only make claims up to a specific dollar cap each year (usually $1,000-$2,500). Sometimes, there’s also a cap on the number of claims you can make in 12 months.
  3. The window of time in which you can find a lower price. You can’t make claims indefinitely. Credit cards impose fairly strict time limits, usually 30-120 days after making your purchase. Sometimes you’ll need to start your claim within a particular amount of time after seeing the lower price.
  4. Where you can find a lower price. Some cards, such as the Capital One Spark cards, exclude advertisements posted on the internet. Other cards include auctions or specific types of sales.
  5. Any exclusions. Although many purchases are covered, policies tend to exclude some items, including perishables, jewelry and services.
  6. Taxes and shipping don’t count. Just remember not to factor these into the cost difference if you submit a claim.
  7. Identical items. Many of these policies limit the number of identical items you can include in a claim.
  8. It’s not automatic. You generally need to track your purchases and submit claims when a lower price is found. Some services will track and submit claims for you — but these services are likely why many issuers have decreased or discontinued price protection on their cards.
  9. Purchases must usually be made in the U.S. Many cards that offer a price protection benefit restrict eligibility to items purchased within the U.S.

So, if you have a card that offers price protection, it’s best to read the guide to benefits for your card to determine exactly what is included and excluded.

Related reading: Maximizing shopping portals for your online purchases

How to use price protection

Spreadsheets and calendar reminders can help you stay organized. Photo by Hero Images/Getty Images.
Gather everything you need before submitting your claim. (Photo by Hero Images/Getty Images)

You’ll usually need your itemized sales receipt, your credit card statement showing the charge and an original printed advertisement showing the sale date or advertisement date, as well as the lower price. You may also need other documents or particular supporting information, so check out your card’s guide to benefits or call the number on the back of your card for specific instructions.

Related reading: These are the best cards for online shopping

Frequently asked questions about credit card price protection

Which credit card has the best price protection?

The United TravelBank Card has the best price protection since you can be reimbursed the price difference up to $500 per item (up to $2,500 per year) if you find a lower price advertised in print or online within 90 days of your purchase with the card.

Related reading: The best credit cards for everyday spending

Does Mastercard have price protection?

Some Mastercards, such as the HSBC Premier World Elite Mastercard credit card, have price protection. But, price protection is offered on a card-by-card basis, and most Mastercards don’t offer price protection.

Related reading: World Elite vs. World Mastercard: Benefits and value

Does Visa have price protection?

Some Visa cards have price protection, including the United TravelBank Card and UBS Visa Infinite Credit Card. But price protection is offered on a card-by-card basis, and most Visa cards don’t offer price protection.

Related reading: Comparing Visa Signature and World Elite Mastercard benefits

Do all Citi cards have Price Rewind?

No. The Price Rewind benefit on Citi cards was discontinued as of Sept. 22, 2019.

Related reading: Why did Citi devalue its cards?

Does credit card price protection work on flights?

Credit card price protection doesn’t cover price drops in flights or other tickets. For example, the UBS Visa Infinite Credit Card specifically excludes “Traveler’s checks, cash, tickets (including, but not limited to, Common Carrier Travel Tickets, Sporting Event Tickets, Concert Tickets, etc.), credit or debit cards, and any other negotiable instruments.” Such an exclusion is common; every other guide to benefits I checked for the cards discussed in this guide also excludes tickets.

Related reading: How to get a refund when your flight drops in price

Bottom line

Credit card price protection can save you thousands of dollars per year depending on your purchases and coverage. Although most cards limit how much you can be reimbursed annually, you can decrease the likelihood of reaching the limit by spreading your spending across multiple cards that offer price protection.

Knowing the specific benefits of each of your credit cards and then leveraging them to make the most of your purchases can be a great way to save money on everyday goods and larger items alike. For some purchases, you’ll also want to make sure your card offers other shopping protections such as extended warranty protection, purchase protection and return protection.

Featured photo by mixetto/Getty Images.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.