 TITLE: What Is Price Protection and Which Credit Cards Offer It? CONTENT: As the name suggests, price protection covers you if the price of an item drops after you buy it with your credit card.\nFor example, if you purchase the latest model iPhone shortly before a new one is announced and the price drops once the newest model goes on sale, you may be able to get a refund for the difference through your credit card's price protection. The perk is typically valid for a set period after you made the purchase—say 60 or 90 days—and usually limits how much of a refund you can qualify for per claim.\nNote that price protection isn't the same as purchase protection. The latter is a credit card benefit that provides coverage if an item you recently purchased with your card is stolen or damaged—again, within a certain period after you bought the item. END