Capital One has made a big push into the travel scene recently. It introduced the impressive new Capital One Venture X Rewards Credit Card, vastly improved its airline and hotel transfer partners and introduced a new Capital One Travel portal. And although it seems like every bank has a travel portal these days, this one offers features not found elsewhere.

Some of these unique features include price watch and prediction tools, an airfare price freeze feature and the ability to cancel a flight for any reason for a refund of 70-90% of the ticket price. This article will focus on one of the portal’s biggest benefits: price drop protection.

Here's what you need to know about using Capital One Travel price drop protection to save money on flights.

What is Capital One price drop protection?

Capital One price drop protection is a free service that refunds you the price difference if the cost of a flight drops after you book it through Capital One Travel. The protection is automatically applied when Capital One's price prediction tool recommends that you buy a given flight because its price is likely to increase.

To get this free price protection, just look for the phrase "you should book now" at the top of your Capital One Travel search results. If you follow this advice and book your flight through the portal, you'll automatically receive price drop protection — subject to limitations covered below.

How do you claim a Capital One price drop protection refund?

Besides being free, the best part of Capital One price drop protection is how easy it is to get automatic refunds when the price of your flight drops. Once the protection is applied to eligible bookings, Capital One automatically tracks prices on the flight you booked. Then, if it finds a cheaper price, you’ll receive a refund without needing to prompt the system.