If you have a credit card, you probably know about the basic benefits it offers, such as cash back, rewards points, or travel insurance. But did you know that your credit card may also come with some hidden perks that can save you money and hassle? Here are some of the lesser-known credit card perks that you may not be aware of.
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Extended Warranty
Many credit cards offer extended warranty protection for purchases made with the card. This means that if the manufacturer’s warranty expires, your credit card may cover the cost of repair or replacement for an additional period of time, usually up to a year. This can be very useful for expensive items such as electronics, appliances, or furniture. To use this perk, you may need to register your purchase with your credit card company and keep the original receipt and warranty information.
Price Protection
Another perk that some credit cards offer is price protection. This means that if you buy something with your credit card and then find a lower price for the same item within a certain time frame, usually 60 or 90 days, your credit card may refund you the difference. This can help you save money and avoid buyer’s remorse. To use this perk, you may need to submit a claim with your credit-card company and provide proof of the lower price.
Return Protection
Sometimes, you may buy something with your credit card and then change your mind or realize that it doesn’t fit or work as expected. But what if the store has a strict or no-return policy? That’s where return protection comes in. Some credit cards offer return protection, which means that they will reimburse you for the cost of returning an item that you are not satisfied with, even if the store won’t take it back. This perk usually has a limit on the amount and number of items you can return per year, and may require you to send the item to your credit card company.
Cell Phone Protection
If you pay your monthly cell phone bill with your credit card, you may be eligible for cell phone protection. This perk covers you in case your phone is lost, stolen, or damaged. Depending on your credit card, you may get up to $600 per claim, with a deductible of $25 or $50. This can save you from paying for a costly repair or replacement out of pocket. To use this perk, you may need to file a claim with your credit card company and provide proof of loss or damage.
These are just some of the hidden perks that your credit card may offer. To find out more about what benefits your specific card has, check your card agreement or contact your issuer. You may be surprised by how much value you can get from your plastic. By taking advantage of these perks, you can make the most of your credit card and enjoy more peace of mind.
