Purchase protection not only doubles the benefits of the credit card but also make your purchase items secure. This feature mainly enables credit card holders to get compensation if the price of the commodity they purchase drops within the specific time. This major credit card feature allows users to file their claim on the eligible damaged or stolen products for replacement, repair, and reimbursement. Let’s find out some benefits of purchase price protection insurance policy and why you should invest in the same.
Benefits of Purchase Protection Policy:
This policy protects credit card holders from any kind of dispute over goods and services purchased with a credit card. Moreover, it safeguards items from the price drop issue. However, the credit card user will have to file complain within 90 to 180 days of the change, otherwise, he’ll get nothing in return.
Purchase price protection insurance policy not only covers the price drop but also includes the products that are stolen or damaged unintentionally but within the certain period of time.
With the help of purchase protection policy, credit card holders can easily file a claim for refund if the merchant refuses to give a refund of the price drop, lost or damaged product.
How to get benefit from this insurance policy?
Credit card users can easily enjoy the benefit of this policy by claiming for a refund with important documents such as receipt, police report for a stolen product and picture of the damaged product. Also, this claim is valid only for a limited period of time.
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