Hello, I'm looking to purchase a new phone upon release. However as we know, priced tend to fall pretty significantly pretty quickly.
As such, I'm hoping to purchase the phone on a card with price protection so I can make a claim for the price difference at the 12 month mark.
I tried a quick Google search and looks like maybe 28 Degrees doesn't offer this benefit anymore.
Does anyone know any credit card options I might have that offer price protection?
Thanks
Already tried this before posting. That didn't seem too accurate. Didn't help
You’ve missed the 28d and Coles options for price protect by a good number of years unfortunately
Coles and 28D price protection policies were the best but are discontinued for new cardholders. Other price protection policies are too restrictive to be useful imo.
I am an old 28D cardholders but never turned on the feature. Can I still enable it?
Too late now unfortunately
I think Bankwest Platinum do? But it's something like 60 days by memory.
Like others have said, Coles and 28 are long gone. Forever with us in our hearts.
Its on the link above, not any more.
That's the premium you pay for buying on the release date, how could you morally expect someone else to foot the bill for the difference 12 months later??
because this is ozbargain and I'm maxing out the benefits of the card's features? which is paid for by the extra premium charged to the card for said feature by the way, so I have no moral objection to doing it either.
Unethical
How is it unethical? I’m literally paying the credit card company for the service they’re providing of their own free will, not through any coercion on my part.
How does ethics even come into this?
so I can make a claim for the price difference at the 12 month mark.
Pretty sure that's not how price protection works buddy. They'll give you 30-60 days at best.
I'm looking to purchase a new phone upon release
Cool, that's the (literal) price you pay to have something brand new.
Why would a credit card company give you 12 months of 'price protection' on something that is 100% going to go down in value? That just doesn't make sense.
Because ideally from a business perspective, you pay more interest on the higher price of you’re someone who doesn’t pay in full on time. In the case of 28deg, you pay a monthly fee based on your card balance.
Pretty sure that's not how price protection works buddy. They'll give you 30-60 days at best.
Oh but It can be. I get 24 months price protection with my Coles Mastercard.
wow and I thought the 12 month price protection period with my 28degrees was lengthy enough. will have to double-check if my mum's coles mastercard still has the price protection grandfathered in.
The T&C are slightly different though - I have 28D in the past and still use Coles till this day ($7k in claims and counting)
In short, 28D is 12 months and compare against any retailer, Coles is 24 months but has to be the same retailer.
@Shadowsfury: ah I see. Yes the slight difference, pros and cons for both. I like to use my 28d for buying lego at RRP(with possible additional cashbacks and GWPs) and then just claim the price protection later when it invariably goes on sale at myer, bigw, kmart, amazon, etc..
I googled it and got this https://www.creditcard.com.au/price-protection-guarantee/
not sure how accurate.