Capital One Adds Price Protection To Their World Mastercards

In a surprising move, Capital One has added a Price Protection benefit to their personal cards which are Mastercard World or Mastercard World Elite. (Their business cards already have the benefit.)

The benefit offers customers a refund for products purchased which subsequently drop in price – you get refunded the difference. For example, if you buy a laptop for $500, and it later becomes available from the same retailer or a different retailer for $400, Capital One will refund you $100.

Capital One World cards (pdf) | Capital One World Elite cards (pdf) | Links to all benefit guides can be found here

Key Details:

  • Max $250 per claim.
  • Max 4 claims per 12 month period.
  • Purchases must be made entirely with your eligible Capital One card.
  • Price Protection is for one hundred twenty (120) days from the date of purchase.
  • Capital One cards which are Visa branded do not have a Price Protection benefit.
  • There are many exclusions, such as: items purchased for resale, lower prices which are due to rebates, taxes and shipping fees, personalized items, auctions, and more.
  • File a claim by visiting www.mycardbenefits.com or call 1-888-531-4227. You must report the claim within one hundred twenty (120) days of the incident or the claim may not be honored.

Price Protection used to be a ‘thing’, until credit cards one-by-one slowly removed the benefit from their cards. Mastercard specifically removed the Price Protection benefit just a number of months ago, but now Capital One is bringing it back on World Mastercards.

The presumed reason for the demise of Price Protection on other cards was automation services, such as Paribus, which scoured the internet to find lower prices and get consumers refunds. The irony here is that Capital One bought Paribus a couple of years back, and now they are adding Price Protection to their personal cards. Hmm…

Other cards that have Price Protection:

  • Capital One Visa or Mastercard business cards, such as the Spark line of cards
  • Rakuten Visa card
  • Wells Fargo Visa Signature
  • A few others

Hat tip to Econ0mist

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Tommy
Tommy

so nothing if myQuicksilver is Visa?

yvrite
yvrite

With this + the 5% on Uber/UberEats, I wonder if Cap One isn’t trying to attract/keep more upmarket users for the Savor line. I know their bread and butter is subprime but maybe that market seems less desirable right now.

Spiel
Spiel

any ideas how to get “upgraded” to world or world elite? i have a quicksilver “platinum” mc for about 8 years now, and could NOT get capital one to change it to world or world elite through multiple calls over the years, despite a credit limit of $15k+ now.

Phoenix Wright
Phoenix Wright

It may be a “bucketed” card. What that means is when you got the credit card 8 years ago was the starting line lower? If it was then, 99.99% they probably will not upgrade your card to WEMC. It’s their system or whatever. If you apply for a new card and your scores and income is good then it’s a good chance you’ll get a WEMC or Visa Siggy.

I was in the same situation and just applied outright for a new card since my old Platinum would never upgrade despite the more than 5k CL.

Spiel
Spiel

thanks for the info. yes, it originally had a $500 limit as my first ever card with “no credit history”.
not worth a credit pull to get wemc on a 1.5% cb card that rarely gets any use.
i just have it open because it’s my oldest account, and zero fees.

Lou
Lou

I have no idea what you are talking about.

d00d
d00d
Dheeraj
Dheeraj

Yep the duration is 60 days instead of 120 days however.

James
James

This is one of the most valuable and underrated card benefits out there! Seriously. You can take advantage of price glitches, confidently purchase in advance of Black Friday and other known sales, purchase from stores with free shipping/high cashback portals/good CS/rewards program and then price match to another cheaper store, etc. Tons of other uses as well. Nice to see some cards get this benefit added after all the major players nuked it. Only downside to Capital One’s policy is maximum of 4 claims per year, which means any claims <$100 probably aren't worth it.

Spiel
Spiel

most cards used to exclude black friday sales from price protection, with citi and discover being the only exceptions.

Chicagoan33
Chicagoan33

Do you think they will be very specific down to the model number as sometimes they have specific model numbers sold only during Black Friday. Thanks!

GoPack
GoPack

Agreed, I used it a few times on some big purchases that ended up having black Friday or similar deals only a month or two later, saved me thousands over the handful of times I used it on a few different cards. Was always sad to see it go, but glad it’s coming back to at least one of my cards. On top of that, these Capital One World Mastercards also extend warranties for up to 2 additional years, so this may be my new goto card for big purchases instead of my Citi Costco.

abhirup Chakraborty
abhirup Chakraborty

I agree this will be a noob question as well , can you list out the cards which will fall in this category?

Red
Red

Sorry for the no0b ? but there is no card called “world MasterCard”? This applies to any Cap One MasterCard?

Ben C
Ben C

It’s the tier of card “Platinum, World, or World Elite” should be above or below the MasterCard logo on your card. It’s like Visa Signature and Infinite.

GoPack
GoPack

No, it applies “World Mastercards” only, of which Capital One has a few

Brian
Brian

BBVA Select has price protection.

Mark
Mark

Correct: https://www.bbvausa.com/credit-cards/bbva-select.html, $99 Annual Fee for others to know

KY
KY

So any Mastercard from Capital One will have this price protection?

Sam
Sam

Used it last year. They never got rid of it.

AA
AA

I thought they already had price protection on their MasterCard products. Sometime in the past few months, I was double checking some the benefits of my cards, and I reviewed the MasterCard Guide to Benefits on Capital One’s website. I had noted that my Savor and Quicksilver cards were the only ones out of all of my cards with price protection.