Ben Sanders
The Best Credit Card Perk You’ve Never Heard Of

What banks & companies don’t want you to know about your credit card

Ever bought a sweet pair of shoes only to find it on sale a week or month later for less than you paid? Yeah, not cool. Luckily some credit cards offer a hidden perk called price protection. Don’t confuse this with purchase protection — that’s something entirely different. While purchase protection usually covers incidents such as damage, theft, or sometimes even loss of an item, price protection is sort of like an insurance policy against a price drop on an item you buy.

Imagine you buy a TV for $600, and a week later it goes on sale for $400. Credit card price protection covers the difference between what you paid and the better price you found. Congrats — you’re $200 richer!

Here’s the thing though —online prices change all the time, keeping tabs on them is annoying, and requesting price protection compensation from your credit card is time-consuming. That’s why I founded Waldo — AI that automates price protection for you.

With all credit card benefits, the devil’s always in the details. Here are some of the factors to consider when using a card with a price protection policy:

  1. The coverage amount per item: the range varies from card to card, but it’s usually $200 to $500 per item.
  2. The coverage amount per year: most credit cards limit the amount you can get back each year (usually around $1,000 to $2,500). Some credit cards even cap the number of times you can make a price drop claim a year.
  3. The window of time you’re eligible for the price drop: if everyone could make claims indefinitely after the fact, this perk most definitely wouldn’t exist. Credit cards usually impose time limits (usually 30–120 post-purchase).
  4. Product exclusions: most price protection policies do not cover items like groceries, jewelry, and services (think auto mechanic visits).
  5. Taxes & shipping don’t count: sorry, Uncle Sam can’t be deducted due to local tax changes. Additionally, shipping isn’t included in price protection policies.
  6. Identical items: a lot of credit cards with price protection limit the number of identical items you can get price drops on.
  7. It’s not automatic: while programs like Citi Price Rewind help make claims easier, you still have to register your items with them online — and you’ll often find lower prices on your own.

Online prices change all the time, keeping tabs on them is annoying, and requesting price protection compensation from your credit card is time-consuming. That’s why we founded Waldo — AI that automates price protection refunds for you.

No worries — Waldo gets you money back from a diverse set of brands including Amazon, Patagonia, Best Buy, and Nordstrom just to name a few by leveraging the retailer’s very own price protection policy. Waldo works with over 100+ brands, with new ones added every day.

We’re currently working on support for airlines, hotels, and so much more. Join us on our journey — and let us know where you would like to save more money.

Price protection remains one of the single best credit card perks that most people have never heard of. It can literally save you thousands of dollars a year. So what are you waiting for? Start having Waldo get your price protection savings automatically.

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