Theft and damage are not the only things that can go wrong when you make a purchase. Your credit card company may offer one or more of these other forms of protection:
Price protection. You don’t really lose money when the price goes down right after you buy something, but it may feel like it. If that happens, first ask the merchant if they have a price protection policy. Some stores, especially department stores, refund the difference if the price drops within a certain time frame. If not, check to see if your credit card agreement offers this coverage.
Extended warranty. Electronics and other goods seem to quit working right after the manufacturer’s or vendor’s warranty expires. If this happens, take a look at your credit card company coverage. Some credit card companies double or otherwise extend the warranty, which can mean you get a replacement or refund while the credit card warranty extension is in effect.
Return protection. Most vendors and merchants allow you to return items within a short period of time. If you want to return something after that time period ends, return protection coverage may make that possible.
Cell phone insurance. Credit card coverage for cell phone loss or damage is becoming popular. You could be reimbursed if something happens to your phone. If this coverage is included with your credit card, make sure you’re not paying for duplicate coverage through your cell phone carrier.