Definition of «purchase protection»

Purchase Protection is a benefit offered by some credit card companies to their customers. It provides coverage for certain purchases made with the credit card, in case there are issues with the product or service that was purchased. This could include things like defective merchandise, unsatisfactory services, or even fraudulent transactions.

If a problem arises with an eligible purchase, the customer can file a claim for reimbursement through their credit card company. The amount covered and specific details of the protection may vary depending on the issuer's policies, but it generally provides some level of peace of mind when making purchases with a credit card.

Sentences with «purchase protection»

  • But credit cards often come with a whole package of purchase protection benefits as well. (wisebread.com)
  • Most major credit cards offer purchase protection for free, and they view it as an incentive for carrying the card. (creditdonkey.com)
  • Plus, they also have other benefits that are pretty common with many credit cards, such as purchase protection measures and extended warranties. (thedigeratilife.com)
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