- Compare credit cards with price protection.
- Learn the receipts and other documentation you’ll need before you call to file a request.
- More shopping coverage that can safeguard your purchases.
Being money-conscious can sometimes feel like a waiting game — leaving you to flip through flyers or create alerts for when prices drop. But, how do you know you are getting the best deal when the sale finally arrives? Should you wait patiently for an even better offer?
You would hate to discover a lower price at another store just days or weeks after your purchase. Oh, the money you could have saved!
Fortunately, some credit cards offer a little-known feature called price protection. If an item goes on sale within a certain period, usually around two months, the cardholder can request the price difference, ensuring they are always paying the lowest possible price.
Here are the best credit cards in Canada that offer price protection.
- Credit cards with price protection
- How does price protection work?
- How to file a request
- How to be proactive with price protection
- Other shopping coverage
Credit cards with price protection
| Our top picks | |||
|---|---|---|---|
|
Credit card |
Price protection coverage |
Welcome bonus |
Annual fee |
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$120 |
|
|
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$139 |
|
|
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$25 (Rebated year 1) |
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|
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$0 |
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$84 per year or $9 per month |
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1. MBNA Rewards World Elite® Mastercard®
Credit card summary
Apply for the MBNA Rewards World Elite® Mastercard® and earn up to 30,000 bonus MBNA Rewards points in the first year. Get 20,000 points when you spend at least $2,000 in the first 90 days of opening the account. Get another 10,000 points when you sign up for paperless e-statements within the same period.
Regular features and benefits of this card include:
- Annual fee: $120
- Annual fee for additional cards (up to nine): $0
- Earn two points for every $1 spent on all eligible purchases.
Access the new MBNA Payment Plan feature with this card and make paying for larger purchases more manageable.
This offer is not available for residents of Quebec. For residents of Quebec, please click here.
Offer expiry date: N/A subject to change without notice
Price protection service
| Overview* | |
|---|---|
|
Coverage period: |
Coverage is in effect for 60 days from the date of purchase. |
|
Coverage amounts per item: |
$500 |
|
Coverage amounts per year: |
$1,000 |
|
Claim limitations: |
The service will apply to a maximum of three identical items during the 60-day period. |
*Conditions apply.
The MBNA Rewards World Elite® Mastercard® provides up to $500 per item in price protection for eligible new items purchased in Canada (maximum payment of $1,000 per calendar year).
The Price Protection Service doesn’t apply to price differences of less than $10 per item.
Cardholders must pay for the full price of the item on the card to be eligible for the service.
How it works
To use the Price Protection Service, you must keep the original receipts for your purchase and notify the credit card company by telephone as soon as you see the price difference.
The provider will give you a form to complete, and you must fill in the details within a certain period to receive payment.
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2. Scotiabank Passport™ Visa Infinite* Card
Credit card summary
New cardholders of the Scotiabank Passport™ Visa Infinite* Card can earn up to 40,000 bonus Scotia Rewards points in the first year (a $400 travel value). Earn 30,000 points when you spend at least $1,000 in the first three months. Get another 10,000 bonus Scotia Rewards points when you spend at least $40,000 annually.
Regular features and benefits of this card include:
- Annual fee: $139
- Annual fee for additional cards: $0 for the first supplementary card and $50 after
- Earn two Scotia Rewards points for every $1 spent on eligible grocery, dining, entertainment, and daily transit purchases.
- Earn one Scotia Rewards point for every $1 spent on all other purchases.
Pay no foreign transaction fees and save money as you travel. Get the Best Price Guarantee on airfare when you book through the Scotia Rewards Travel Service and travel insurance coverage. Plus, receive a complimentary Priority PassTM membership with six free visits annually.
Offer expiry date: July 1, 2021
Price protection service
| Overview* | |
|---|---|
|
Coverage period: |
Coverage is in effect for 60 days from the date of purchase. |
|
Coverage amounts per item: |
$100 |
|
Coverage amounts per year: |
$500 |
|
Claim limitations: |
The service will apply to a maximum of three identical items during the 60-day period. |
*Conditions apply.
The Scotiabank Passport™ Visa Infinite* Card provides up to $100 per item in price protection for eligible new items purchased in Canada (maximum payment of $500 per calendar year).
The Price Protection Service doesn’t apply to price differences of less than $10 per item.
Cardholders must pay for the full price of the item on the card to be eligible for the service.
How it works
To use the Price Protection Service, you must keep the original receipts for your purchase and notify the credit card company by telephone as soon as you see the price difference.
The provider will give you a form to complete, and you must fill in the details within a certain period to receive payment for the price difference.
3. HSBC +Rewards™ Mastercard®
Credit card summary
Apply for the HSBC +Rewards™ Mastercard® to earn up to 30,000 bonus points when you spend at least $2,000 in the first 180 days of opening the account. Plus, get an annual fee rebate for the primary cardholder for the first year (a $25 value).
Regular features and benefits of this card include:
- Annual fee: $25
- Annual fee for additional cards: $10
- Get two points for every $1 spent on eligible dining and entertainment purchases.
- Get one point for every $1 spent on all other purchases.
Take advantage of the low-interest rate on purchases, balance transfers and cash advances — also, access shopping coverage and the price protection service.
This offer is not available for residents of Quebec. For Quebec residents, please click here.
Offer expiry date: April 19, 2021
Price protection service
| Overview* | |
|---|---|
|
Coverage period: |
Coverage is in effect for 60 days from the date of purchase. |
|
Coverage amounts per item: |
$500 |
|
Coverage amounts per year: |
$1,000 |
|
Claim limitations: |
The service will apply to a maximum of three identical items during the 60-day period. |
*Conditions apply.
The HSBC +Rewards Mastercard provides up to $500 per item in price protection for eligible new items purchased in Canada (maximum payment of $1,000 per calendar year).
The Price Protection Service doesn’t apply to price differences of less than $10 per item.
Cardholders must not return the item.
How it works
To use the Price Protection Service, you must keep the original receipts for your purchase and notify the credit card company by telephone as soon as you see the price difference.
The provider will give you a form to complete, and you must fill in the details within a certain period to receive payment for the price difference.
4. Scotiabank American Express® Card
Credit card summary
For a limited time, earn 5,000 bonus Scotia Rewards points when you spend at least $500 in purchases in the first three months with the Scotiabank American Express® Card.
Regular features and benefits of this card include:
- Annual fee: $0
- Annual fee for additional cards: $0
- Get one Scotia Rewards point for every $1 spent on all purchases.
Get basic travel insurance coverage on the card and access travel offers with Scotia Rewards Travel Advantage.
Offer expiry date: July 1, 2021
Price protection service
| Overview* | |
|---|---|
|
Coverage period: |
Coverage is in effect for 60 days from the date of purchase. |
|
Coverage amounts per item: |
$100 |
|
Coverage amounts per year: |
$500 |
|
Claim limitations: |
The service will apply to a maximum of three identical items during the 60-day period. |
*Conditions apply.
The Scotiabank American Express® Card provides up to $100 per item in price protection for eligible new items purchased in Canada (maximum payment of $500 per calendar year).
The Price Protection Service doesn’t apply to price differences of less than $10 per item.
Cardholders must pay for the full price of the item on the card to be eligible for the service.
How it works
To use the Price Protection Service, you must keep the original receipts for your purchase and notify the credit card company by telephone as soon as you see the price difference.
The provider will give you a form to complete, and you must fill in the details within a certain period to receive payment for the price difference.
5. KOHO Premium Prepaid Visa Card
