We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

Citi Increases Price Protection to $2,500, Improves Trip & Baggage Delay Coverage!

Citi Increases Price Protection to $2,500, Improves Trip & Baggage Delay Coverage!

Million Mile SecretsCiti Increases Price Protection to $2,500, Improves Trip & Baggage Delay Coverage!Million Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

Starting May 15, 2016, you’ll get improved trip cancellation insurance, baggage delay protection, car rental insurance, and more when you use Citi’s credit cards.

And Citi is more than doubling the yearly price protection coverage with its Citi Price Rewind program.

Citi Increases Price Protection To 2,500 Improves Trip Baggage Delay Coverage
Was Your Trip Interrupted or Cancelled? Citi Cards Will Reimburse You Up to $5,000 per Traveler!

These benefits come with Citi credit cards at no additional cost!  I’ll explain what’s changing!

Travel Benefits for You and Covered Travelers, Even If You Pay With Points

Link:   New Citi Protection Benefits Guide 

The updated Citi credit card protection benefits will apply to purchases made with your Citi card and/or ThankYou Points on or after May 15, 2016.

One of the biggest changes is that trip protection benefits apply to all covered travelers, which includes:

  • You
  • Your family members, including:
    • Children
    • Spouse
    • Fiancée
    • Domestic partner and their children
    • Adopted children and step-children
    • Legal guardians
    • Siblings or siblings-in-law
    • Son-in-law or daughter-in-law
    • Parents or parents-in-law
    • Grandparents or grandchildren
    • Aunts or uncles
    • Nieces or nephews
  • All traveling companions for whom you have paid to travel on your trip

You will have to pay for your covered travelers trip with your Citi card in order for them to be eligible for coverage.

Citi Increases Price Protection To 2,500 Improves Trip Baggage Delay Coverage
Travel With Peace of Mind Knowing Your Family and Companions Are Covered by Citi’s Protection Benefits

Previously, coverage was limited to you and authorized users, your spouse or domestic partner, and dependent children.

Here is a summary of the most important protection benefits and coverage.

  • Trip Cancellation & Interruption – Coverage for up to $5,000 per covered traveler if your trip is cancelled for an eligible reason
  • Trip Delays – Get up to $500 per covered traveler when your trip is delayed for more than 12 hours
  • Baggage Delay – Get up to $100 per covered traveler if your checked baggage doesn’t get to your destination within 6 hours of your arrival
  • Lost Luggage – Luggage or items inside are lost or damaged for up to $3,000 per covered traveler ($2,000 per bag for New York residents)
  • Car Rental – Coverage up to $100,000 toward a covered accident or theft

Most benefits now apply as long as you use your card or Citi ThankYou points to pay for all or part of your trip.  Car rental coverage requires you to pay the entire cost with your card or points.

If you pay for only part of your trip with a card or ThankYou points, you’ll only be covered up to the amount paid for (not the maximums as stated above).

Trip cancellation, baggage and trip delay, and lost luggage coverage is secondary if you have other insurances for your trip.  Car rental coverage in the US is always secondary when you use your Citi card.  Secondary coverage will cover only unreimbursed amounts that another source does not.

Real-Life Travel Examples

1.   You cancel your trip after purchasing an American Airlines flight with Citi ThankYou points through the Citi ThankYou Travel Center using your Citi Prestige card.

You will be eligible to receive a refund of your Citi ThankYou points you used to purchase this flight.

2.   You cancel your trip after you transferred Citi ThankYou points to Singapore Airlines to book a round-trip coach flight to Hawaii and used your Citi card to pay ~$11 in taxes and fees.

I called Citi benefits specialists to ask about this situation but have not yet received a definitive answer.  Initially, they said because you used your Citi card and Citi ThankYou points, you’d receive a refund of your ThankYou points and ~$11 in taxes and fees.

However, the Terms & Conditions do NOT explicitly address ThankYou points transfers to airline partners.

I’ll provide an update once I hear back from Citi in writing!

Citi Price Rewind

Link:   Citi Price Rewind

Link:   My Review of Citi Price Rewind

Did you know you can get money back if you buy an item with your Citi credit card and the price later drops? 

Citi is increasing the maximum refund to $500 per item and $2,500 per calendar year, up from $300 per item and $1,200 per calendar year.

Citi Increases Price Protection To 2,500 Improves Trip Baggage Delay Coverage
Smile and Shop Knowing You Can Receive up to a $500 Refund on a Recent Purchase!

With Citi Price Rewind, you could more than make up for the annual fee on cards like the Citi Prestige, Citi ThankYou Premier Card, and Citi AAdvantage Executive World Elite Mastercard!

Additional Purchase Protection Benefits

In addition to the travel benefits, Citi credit cards also offer protection for everyday shopping to cover your purchases when things go wrong.

Citi Increases Price Protection To 2,500 Improves Trip Baggage Delay Coverage
Damage Protection Will Cover Your Phone Repair If It Was Purchased With Your Citi Card Less Than 120 Days Ago

Here are some of the benefits and changes taking place on May 15, 2016:

  • Extended Warranty – Up to 24 months (previously 12 months) beyond the manufacturer’s warranty for certain items
  • 90 Day Return Protection – Within 90 days (previously 60 days) of purchase, receive up to $500 per item and $2,500 per year if you try to return a like-new item and the merchant won’t take it back
  • Damage & Theft Protection – Coverage up to $10,000 per item if it is damaged or stolen within 120 days (90 days for New York residents) of purchase (restrictions apply)

Citi Versus Chase Sapphire Preferred

Here’s a quick comparison of the coverage you get when using your Citi and Chase Sapphire Preferred cards.

CoverageCiti CardsChase Sapphire Preferred
Purchase Protection• Covered up to 120 days from the date of purchase in the event of theft, damage, or involuntary and accidental parting with property

• Up to the amount charged to your card, with a maximum of $10,000 for each claim and no more than $50,000 per calendar year

• See the Citi Benefits Guide for more details
• Covered up to 120 days from the date of purchase in the event of theft, damage, or involuntary and accidental parting with property

• Up to the amount charged to your card, with a maximum of $500 for each claim and no more than $50,000 per account

• See the Chase Sapphire Preferred Benefits Guide for more details
Extended Warranty2 extra years added to warranty (not to exceed 84 months)

• Up to the amount charged to your card less shipping and handling fees, with a maximum of $10,000 per item

• See the Citi Benefits Guide for more details
1 extra year added to warranty of 3 years or less

• Up to the amount charged to your card less shipping and handling fees, with a maximum of $10,000, and no more than $50,000 per account

• See the Chase Sapphire Preferred Benefits Guide for more details
Primary Rental Car Insurance• Cardholders and authorized designated drivers covered when you rent a car with your card and decline the car rental agency’s collision damage waiver

• Coverage is secondary in the US and primary elsewhere

• See the Citi Benefits Guide for more details
• Cardholders covered when you rent a car with your card and decline the car rental agency’s collision damage waiver

• See the Chase Sapphire Preferred Benefits Guide for more details
Delayed Baggage• If your baggage is delayed for more than 6 hours, you could be reimbursed for emergency purchases of essential items (i.e. clothing, toiletries, cell phone charging cables, and more

• Up to $100 maximum

• See the Citi Benefits Guide for more details
• If your baggage is delayed for more than 6 hours, you could be reimbursed for emergency purchases of essential items (i.e. clothing, toiletries, cell phone charging cables, and more)

• Up to $100 per day for a maximum of 5 days

• See the Chase Sapphire Preferred Benefits Guide for more details
Lost Luggage• Covers the cost to repair or replace lost luggage and personal items inside

Up to $3,000 per person each trip

• See the Citi Benefits Guide for more details
• Covers the cost to repair or replace lost luggage and personal items inside

Up to $3,000 per person each trip with a limit of $500 for items such as jewelry and electronics

• See the Chase Sapphire Preferred Benefits Guide for more details



Trip Delay Protection• If your trip is delayed for more than 12 hours, you could be reimbursed for up to $500 per ticket for reasonable expenses (meals, lodging, toiletries, medication, and other personal use items)

• See the Citi Benefits Guide for more details
• If your trip is delayed for more than 12 hours, you could be reimbursed for up to $500 per ticket for reasonable expenses (meals, lodging, toiletries, medication, and other personal use items)

• See the Chase Sapphire Preferred Benefits Guide for more details
Trip Cancellation & Interruption Insurance• Up to $5,000 per person per trip

• See the Citi Benefits Guide for more details
• Up to $10,000 per person per covered trip (maximum $20,000 per occurrence). If you pay for your trip with points you’ll get a value of 1 cent per point

• No more than $40,000 per 12 month period

• See the Chase Sapphire Preferred Benefits Guide for more details

Make sure you read the terms carefully, so you know what is and isn’t covered on your card.

Which Card Should You Use?

If you are purchasing a big ticket item, you might want to use your Citi card because you’re covered up to $10,000 if the item is damaged or stolen within 120 days of purchase.  If you pay with the Chase Sapphire Preferred, you’d only be reimbursed for up to $500.  And this might not cover your costs.

When it comes to booking travel, it will depend on how many people you are paying for.  For example, if you are traveling with one other person, you might want to use your Chase Sapphire Preferred, because you’re covered up to $10,000 per person (maximum $20,000 per trip) for trip cancellations or interruptions.

If you pay with your Citi card, you’re covered up to $5,000 per person with no trip maximum.

Renting a car in the US?  Use your Chase Sapphire Preferred because it provides primary rental car coverage.  Citi coverage is always secondary in the US.

Bottom Line

Effective May 15, 2016, Citi card benefits will improve for travelers and shoppers including:

  • More folks included in travel coverage
  • Improved trip delay, interruption, and cancellation benefits
  • Increased purchase protection and longer warranty
  • Higher Citi Price Rewind Limits

The Chase Sapphire Preferred provides similar coverage.  The best card to use depends on your purchase, where you’re renting a car, and how many folks are traveling with you.

Have you filed a claim with Chase Sapphire Preferred or Citi?  I’d love to hear about your experience!

If you liked this post, why don’t you join the 25,000+ readers who have signed-up to receive free blog posts via email (only 1 email per day!) or in an RSS reader …because then you’ll never miss another update!

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry that something went wrong, repeat again!

11comments

by Newest
by Best by Newest by Oldest
GeorgeLouis Ambrose

Chase takes forever to process and pay a claim. Citibank is prompt and easy to deal with, without a lot of inane requests for proof already submitted.

That’s good to know. Thanks for sharing!

How does the Price Rewind different from the one offer from AX and Discover ?

So if I pay the tax and fees for an award flight, I can only get reimbursed up to the amount of tax and fees when it’s delayed?

Also can someone confirm if citi baggage delay doesn’t apply while returning home. CSP pays you even if while returning home (know for sure since i have used it).

@MT Prestige is 3 hours, other Citi cards are 12 hours.

Load more