Price Protection

A little-known, but common feature offered by most credit card companies that allows cardholders to receive a refund if an item bought with that credit card drops in price within a specified time period. This time period is usually within 30 or 60 days.

To receive the refund, you must file a claim with the credit card company whose card you used to buy the item. You must also prove the new, lower price. For example, you can prove the new price by providing a printed advertisement showing the same item and the lower price. Each credit card company will have slightly different program stipulations. There may be a refund limit per item as well as a refund limit per year (such as $250 per item and $1,000 per year). Some credit cards exclude internet purchases from their price protection offers.


Investment dictionary. . 2012.

Look at other dictionaries:

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  • PRICE — • protection, relative rest, ice, compression, elevation …   Dictionary of medical acronyms & abbreviations

  • Price-Anderson Nuclear Industries Indemnity Act — The Price Anderson Nuclear Industries Indemnity Act (commonly called the Price Anderson Act) is a United States federal law, first passed in 1957 and since renewed several times, which governs liability related issues for all non military nuclear …   Wikipedia

  • Protection sociale aux États-Unis — La protection sociale aux États Unis, qui englobe plusieurs programmes dont la sécurité sociale, couvre 85 % de la population américaine[1]. Même si les droits sociaux ne sont pas inscrits dans la Constitution des États Unis, le gouvernement …   Wikipédia en Français

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  • Price Fixing — Establishing the price of a product or service, rather than allowing it to be determined naturally through free market forces. Antitrust legislation makes it illegal for businesses to decide to fix their prices under specific circumstances.… …   Investment dictionary

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  • price ring — A group of firms in the same industry that have agreed amongst themselves to fix a minimum retail price for their competing products, thus forming a cartel Price rings are illegal in many countries unless they can be shown to be in the public… …   Big dictionary of business and management

  • Price, Thomas — ▪ Australian statesman born Jan. 19, 1852, Brymbo, Denbighshire, Wales died May 31, 1909, Hawthorn, South Australia, Australia       Australian (Australian Labor Party) statesman who as premier of South Australia (1905–09) was the first long term …   Universalium

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