Citi’s Price Rewind has always been an interesting alternative to the standard price protection policies found on other cards. When it was first introduced, Price Rewind offered to issue a refund to cardholders if their eligible purchases dropped in price within 30 days. At the time, the rules said that the difference had to be greater than $25, and there was a total limit of $200.
Now, Citi has broadened the terms of this offer. The eligibility period has doubled to 60 days, and there is no minimum dollar amount that the price must drop. Finally, the maximum is now $300.
Unchanged is the fact that cardholders must still register their purchases to be eligible, since Citi or any other card issuer really has no way to know what items cardholders purchased and how much they paid. [click to continue…]