• 04 Jun, 2024
  • Travel tips
  • Travomint

What is price drop protection? 

Price drop protection is an option provided by credit card companies that permit cardholders to receive a refund if the item bought with that credit card drops in price within a specific period. This period is usually within 30 or 60 days, though some cards permit a claim to be filed within 90 days. 

How can a price drop protection save ample money?

Many price protection programs are available, and with minimum value, it can save up to 50$. Price drop protection is an optional add-on offered on selective flights that automatically refunds the difference in fare, and if the price drops, then you can buy the flight that automatically refunds the difference. For a flight at 300$ with price drop protection, and if the price drops to 200$ after reservation, that will automatically send 100$ back to the credit card. 

In case the passenger booked a flight three weeks before the flight departure schedule for 184$, the price drop protection was added for 7$ at checkout. The cost of price drop protection for 7$ at checkout. The cost of Expedia's price drop protection varies based on factors like early booking and the current price of the flight. It is also helpful for the gold and platinum members to receive price drop protection that includes no cost on selective flights at the time of reservation. 

Here are other price drop protection options that might help 

Other flight search aggregrators that have similar protection features on their terms. 

Google Flights gives customers a free price Guarantee for some flights. A colorful price badge denotes eligible flights and must be booked directly via Google. The guarantee will be valid until the first flight available in the booking details departs. If the price drops, the difference in fare will be credited back to the account via Google Pay. 

Suppose passengers make purchases with a Capital One credit card, Capital One Venture Rewards credit card, or Capital One Venture X Rewards credit card. In that case, they automatically receive price drop protection while booking through Capital One Travel. As per the Capital One terms and conditions, the price protection inspects the price for ten days after booking and offers a refund of up to $50 in the form of a travel credit. 

Does airlines give a refund if the price drops?

As a frequent flyer, you have heard about airlines' price drop policy. In order to satisfy their customers, airline authorities work to keep the fares as low as possible. If the cost of a flight reduces, and in cases where the reservation is made through the airline site, then there is some luck when a few airlines permit canceling and rebooking the flight for a lower price. 

If the flight cost decreases within a particular time duration, some airlines refund the difference in airfare or give credit for a future flight reservation. 

Sometimes, the airline does not give a refund, as some airlines only offer a refund on ticket cancellations, not on tickets that get cheaper. 

Some airlines do not offer a refund at all. 

So, it has been suggested that the ideal way to keep track of the lower fare is to frequently visit the airline sites and look for the flight ticket that has been dropped in cost. Passengers can call the airline and enquire about dropping the fare anytime. If possible, passengers may get refunds and credits towards future travel. 

For future travel, rely on this article and make a convenient plan within your budget. You can also connect with the team and clear up any doubts completely.