Feb 18, 2016 12:41 PM

Some credit cards giving back money if an item went on sale after you bought it

Charge it!

Many of us say those words every day, but did you know a handful of credit cards offer price protection programs giving you money back if an item went on sale after you bought it?

This benefit comes with a warning though - check out the fine print before signing up for the perk, there could be limits on how much can be refunded, and how many claims can be filed.

Shoppers looking to use the perk should pay attention to the fine print to get the most out of it. For instance, because of the limits to how many and how much can be refunded, shoppers should strategically choose which items to file claims for.

Here are the card companies and the rules according to CNN Money.

Citi: Up at $300 back on a single item, a limit of $1,200 a year, You can register purchase online, the company tracks them for 60 days. If the price drops you can request a refund.

Discover: Refund limit of $500 within 90 days of purchase, and $2,500 a year. The process is not done online, customers have to mail in a signed claim form, the receipt and credit card statement.

Chase: Several of Chase's credit cards, including Freedom, Slate and Sapphire Preferred cards, offer price protection. The lower price needs to be found within 90 days. Customers can claim up at $500 per item, and $2,500 a year. Cardholders must call the company to request a claim form and then return it along with original receipts and the advertisement with the lower price.

MasterCard: Limited to four claims in a 12-month period for up to $250 an item within 60 days of purchase. Customers need to mail in a form along with the original receipt and the credit card statement.

--  Need a new car or even a boat? Click here to check out the all-new NH1 Motors --



Must Read on

NH1 Dining

NH1 on Facebook

NH1 on Twitter