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Shopping for last-minute gifts is stressful—it's difficult to find the perfect present at the right price, especially when the clock is ticking. Even more frustrating: Buying that gift, only to notice a price drop shortly after you make the purchase.
But if you pay with the right credit card, you might be able to secure the lowest price even after your purchase, thanks to a perk known as price protection.
Here's how it works: If you pay for something using a credit card that offers price protection and later notice that the price on the item has dropped, you can file a claim with the card issuer to get a refund for the difference. Typically, the lower price must be offered within a certain window of time.
It's a credit card benefit that offers peace of mind so you can buy the perfect item when you see it, without having to worry about whether you might miss out on an upcoming sale. While many credit card issuers are starting to scale back on this benefit, a few still offer it.
Check out these four cards with price protection for your last-minute gifts:
Annual Fee: None
Intro APR: 0% on purchases for 15 months
Ongoing APR: 14.74% to 24.74% variable, depending on your creditworthiness
Capital One offers a generous window on its price protection perk: If you see a lower price within 120 days of your original purchase, you may be able to get a refund of the difference (terms apply). You're covered for up to $250 per claim, and you can file up to four claims within a year.
The SavorOne's 15-month 0% introductory APR is one of the longest available right now, so you can take your time paying off your holiday spending. The card's sign-up bonus—$150 after you spend $500 in purchases within three months of opening the account—can help you save big on holiday shopping as well. And you earn unlimited 3% cash back on dining and entertainment, 2% back at grocery stores and 1% back on all other purchases.
Annual Fee: None
Intro APR: 0% on purchases and balance transfers for 9 months
Ongoing APR: 25.49% variable
Citi's Price Rewind program does the hard work for you: It conducts a 60-day search for a lower price on your purchases. If it finds a lower price on a product you have registered with Price Rewind, you're eligible for a refund of the difference (terms apply). You can get up to $200 back per item, and up to $1,000 back in one year.
An introductory 0% APR on purchases and balance transfers for nine months offers some flexibility with paying down holiday spending, and you can get up to 2% cash back on all your purchases: 1% back when you buy, and another 1% back as you pay off those purchases.
Annual Fee: $89, waived the first year
Intro APR: 0% for the first 12 billing cycles following each balance transfer that posts to your account within 45 days of account opening
Ongoing APR: 17.99%, 21.99% or 24.99% variable, based on your creditworthiness
You have 120 days to file a lower price claim with Barclaycard through its price protection benefit (terms apply). If your claim is accepted, you're eligible for reimbursement of up to $250 on up to four claims in a 12-month period.
This card offers a whopping 70,000-point sign-up bonus after spending $5,000 in purchases within the first 90 days of opening your account. That's worth $700 in travel, so your holiday spending can actually help you take your next vacation. You also earn two miles for every $1 spent on all purchases, and there's no limit to how much you can earn.
Annual Fee: None
Intro APR: N/A
Ongoing APR: 13.90% to 27.90% variable, depending on your creditworthiness
This card offers the same 120-day window for price protection, and covered claims can result in up to $250 back on up to four claims in a 12-month period (terms apply).
This is a straightforward card that charges no annual fee, no penalty APRs and no foreign transaction fees while offering a flat 1.5% cash back on every purchase with no limits or category restrictions. To apply for the card, you must have USAA membership, which is available to active and former military and their eligible family members.
Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer or other company, and have not been reviewed, approved or otherwise endorsed by any of these entities. All information, including rates and fees, are accurate as of the date of publication.
This article was originally published on December 12, 2018, and has been updated.