2016 CardHub Report: Credit Cards That Make Returns Possible When Retailers Balk

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CardHub Press Release

With holiday credit card bills looming, many of us are now looking for ways to unload some of our recent impulse-buys in exchange for much-needed cash. Unfortunately, return policies don’t always meet our expectations, as evidenced by the 10% of people polled by the National Retail Federation who say retailer return policies are unfair.

With that in mind, CardHub today released its 2016 Credit Card Return Extension Report, which shows that a lengthened window in which to obtain a refund is one of the various underrated benefits provided by the plastic that might already be residing in our wallets. Below you can find a few highlights of the report as well as a breakdown of some of the other benefits that credit cards provide.

  • 53% of consumer credit cards (excluding co-branded cards) have a return extension program.
  • The best personal credit cards for return extension benefits are:
  1. Discover Cards (97% overall score)
  2. Chase Sapphire Preferred (89%)
  3. Chase Freedom & Citi Prestige (80%)
  • Jewelry is the type of item most commonly excluded from coverage under credit card return extension programs.
  • Most of the cards offering this benefit extend the return period for 90 days.

For the full report and to see which cards offer a return extension, please visit:

Additional Credit Card Benefits:

  • Original warranties on eligible items purchased with a Visa Signature card or any American Express, Discover or MasterCard credit card get automatically extended by at least one year.
  • While most of the 88% of consumer credit cards that offer purchase protection will refund, repair or replace items that are damaged or stolen within 90 days of purchase, all cards from Chase and Citi provide this benefit for 120 days.
  • All Chase and Discover cards offer up to $2,500 in annual rebates for items whose prices drop within 90 days of being purchased.
  • American Express and Visa offer the best rental car insurance coverage.
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