Certain credit card issuers and payment processing networks offer a little-known perk on their credit cards - price protection (also known as price matching)! This allows cardholders to compare prices on their purchases after buying - and if they find a lower price within the specified deadline, they can be refunded the price difference. Each issuer or payment network has its own terms and conditions. I will run through each of them to point out their best benefits, and I'll also show you some really good credit cards that include this stand-out feature.

Citibank (C) and MasterCard (MA) offer this benefit on all their cards. Other banks include this benefit on select credit cards. Price protection means that if you find a better price on products purchased with a card that offers this benefit, you can get the difference refunded. This is a very useful benefit all year round, but it is especially practical just before sales! However, make sure to read the terms and conditions on your credit card to see if sales purchases are excluded or not. Let's take a look at each issuer or payment processing network individually.

Citi

Cardholders of Citicards can benefit from price protection. You can receive a refund of the price difference up to $250 per item, and $1,000 a year per cardmember. The biggest downside is that no internet purchases are covered - which is not too practical. Actually, only items seen on a printed advertisement showing a lower price than what you paid for an identical item will be eligible for a difference refund (subject to exclusions and limitations). You must file a claim within 60 days of your purchase and send it to the program administrator. There is a pretty long list of excluded items including products intended for commercial use, used items, items subject to rebate, services, jewelry, motorized vehicles, transportation tickets, products purchased out of the U.S., products purchased by non-U.S. residents, and more. Make sure to check Citi's terms and conditions for price protection to see the full details.

MasterCard

MasterCard offers all its users price protection in the event of finding a lower regular price on a new item and claiming it within 60 days of purchase. You will be reimbursed the price difference up to the issuer's limit. MasterCard's benefits vary by issuer and type of credit card - so remember to ask your issuer to tell you the specific terms and conditions of your MasterCard to see what the price protection program covers and what exclusions and limitations apply.

Here is my selection of the top no-annual-fee credit cards that come with the added perk of price protection:

Credit CardFeaturesIntro APRRegular APRAnnual FeeWhy we like itWe least liket_cc_credit_requiredRelated links
Chase Sapphire Preferred<sup>®</sup> Card

Chase Sapphire Preferred® Card

APPLY NOWAt Chase's secure website
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
APPLY NOWAt Chase's secure website

N/A

16.99% - 23.99% Variable

Introductory Annual Fee of $0 the first year, then $95

Why we like it
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • 1:1 point transfer to leading airline and hotel loyalty programs.
Excellent Credit

Credit CardFeaturesIntro APRRegular APRAnnual FeeWhy we like itWe least liket_cc_credit_requiredRelated links
Citi<sup>®</sup> Double Cash Card – 18 month BT offer

Citi® Double Cash Card – 18 month BT offer

APPLY NOWAt Citi's secure website
  • Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 14.49% - 24.49% based on your creditworthiness
  • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases.
  • No categories to track, no caps on cash back, no annual fee*
APPLY NOWAt Citi's secure website

0% Intro APR on Balance Transfers for 18 months

14.49% - 24.49%* (Variable)

$0*

Why we like it
  • Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • Introductory APR offer.
Excellent, Good

Credit CardFeaturesIntro APRRegular APRAnnual FeeWhy we like itWe least liket_cc_credit_requiredRelated links
Citi ThankYou<sup>®</sup> Preferred Card

Citi ThankYou® Preferred Card

APPLY NOWAt Citi's secure website
  • Enjoy 0% Intro APR on purchases for 15 months from date of account opening and 0% Intro APR on balance transfers for 15 months from date of first transfer; after that, the variable APR will be 14.49% - 24.49% based upon your creditworthiness*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater*
  • Earn 2X Points on Dining Out & Entertainment
  • Earn 1X Points on All Other Purchases
  • Points are redeemable for gift cards to popular retailers, restaurants, and department and home stores. 2,500 ThankYou® Points can be redeemed for a $25 gift card at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No annual fee*
APPLY NOWAt Citi's secure website

0%* intro APR on purchases and balance transfers for 15 months

14.49% - 24.49%* (Variable)

$0*

Excellent

To see more credit cards full of perks, benefits and rewards, take a look at our best rated credit cards 2018.