Discover has announced that they will be removing price protection on October 31st, 2018. Purchases made prior to this date will be eligible for claims under the old rules.
Earlier this year Discover removed these benefits:
- Extended Product Warranty
- Return Guarantee
- Purchase Protection
- Auto Rental Insurance
- Flight Accident Insurance
Chase & Citi have also both made changes to price protection policies in recent times. One reason that’s likely causing the change/removal of this benefit is that a number of services have popped up automating the price protection claiming process, increasing the number of claims issuers are having to deal with/pay for (the full process isn’t automated with Discover. But you can still be alerted when a purchase is eligible for a claim). This change comes ahead of Black Friday and Discover was really the only good option for price protection claims during those sales.
Hat tip to reader @akshayasok
