NEW HAVEN, Conn. (WTNH/CNN) Want that new TV now but at a Black Friday price? Your credit card can help. Some cards offer price protection.
It’s time to let credit cards work for you! You know some cards give you points and other rewards – but maybe you didn’t know some of them will watch merchandise for you and give you a chance to get money back when prices drop.
If you pay full price for something but see it on sale within a couple of months the card reimburses you the difference. Citi has a price rewind program. Go online to register what you bought.
Then for the next two months the company tracks the item. If the price goes down, request a refund. Make sure you keep your receipt. The refunds are limited to $500 bucks per item and $25 hundred dollars per year.
Chase has the same max payout. To get money back, submit a claim with your original receipt, credit card statement and an ad showing the item’s lower price.
Discover and Mastercard also have similar programs that will give you money back even on Black Friday deals but there can be some restrictions. For instance, if a deal is promoted as limited quantity or door buster.
With all these cards, make sure you read the fine print and do your research before submitting a claim.