Price-Matching Credit Cards

MoneyTips

You have many factors to consider when choosing a credit card — interest charges, rewards programs, security measures, and the like — but do you ever consider the price-matching perk? Are you even aware that credit cards can offer price matching?

Price matching may go by different names such as "price guarantee" or "price protection", but the basic principle is the same. If you purchase an item using that card and find the item for a lower price within a certain period of time, the card will refund the difference up to a specific dollar-value limit.

You'll need to check with your card issuer to verify whether price matching is offered and how the system works for that card. Each card will have a limit on the amount of reimbursement, a set period for which price matching applies, and lists of excluded items. Typical exclusions include jewelry, motorized vehicles, event tickets, food/perishable items, and animals.

For most cards, you must initiate the pro...

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