USAA American Express is a popular credit card that offers a range of benefits and rewards to its users. One of the most valuable benefits is the price protection feature, which allows cardholders to receive a refund on eligible purchases if the price drops within a certain period of time. In this article, we’ll take a closer look at USAA American Express price protection and how to take advantage of this valuable benefit.
How does USAA American Express price protection work?
USAA American Express price protection allows cardholders to receive a refund if the price of an eligible item drops within 120 days of purchase. This applies to both in-store and online purchases, as long as the item was purchased with the USAA American Express card.
To qualify for price protection, the following criteria must be met:
- The item must have been purchased with the USAA American Express card
- The item must have a manufacturer’s warranty of at least 90 days
- The item must be new and not refurbished or used
- The item must have a price drop of at least $10
If these criteria are met, the cardholder can submit a claim for a refund on the price difference. The refund amount is limited to $500 per item and $2,500 per calendar year.
How to file a price protection claim
To file a price protection claim with USAA American Express, follow these steps:
- Keep track of the price of the item you purchased.
- If the price drops within 120 days, gather evidence of the price drop, such as a screenshot or advertisement.
- Call the number on the back of your USAA American Express card and ask to file a price protection claim.
- Provide the necessary information, including the item information and evidence of the price drop.
- Wait for the claim to be processed and the refund to be issued.
Tips for using USAA American Express price protection effectively
Here are a few tips for using USAA American Express price protection effectively:
- Keep track of the price of the items you purchase so that you can quickly identify if there’s a price drop.
- Check the terms and conditions of the price protection policy to ensure that your purchase is eligible.
- Act quickly once you’ve identified a price drop, as there is a limited window of time to file a claim.
- Keep all necessary documentation, such as receipts and evidence of the price drop, in case you need to file a claim.
USAA American Express price protection is a valuable benefit that can help cardholders save money on their purchases. By understanding how the program works and following the tips outlined in this article, you can take advantage of this benefit and get the most out of your USAA American Express card.
- Is there a fee for using USAA American Express price protection?
- No, there is no fee for using this benefit.
- Can I file a price protection claim for items purchased outside of the United States?
- No, price protection only applies to purchases made within the United States.
- How long does it typically take to receive a refund for a price protection claim?
- Refunds are typically processed within 7-10 business days.
- Are there any items that are not eligible for price protection?
- Yes, items that are purchased for resale or commercial use, as well as items that are customized or made to order, are not eligible for price protection.
- Can I file a price protection claim for items that were purchased with cash or a different credit card?
- No, only purchases made with the USAA American Express card are eligible for price protection.