Credit Card Benefits You Might Not Know About: Hidden Perks of Your Credit Card

We’ve put together a list of credit card benefits you might not have known about. If you are like most Americans, you’re probably using your credit cards for everyday spending, and rewards points aren’t at the top of your mind. However, if handled correctly, these points can save.

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Do you know that your credit card comes with a variety of benefits that you might not be taking advantage of? Many people just use their credit cards for convenience and forget about all the other perks.

In this blog post, we will discuss some of the hidden benefits that come with using a credit card. We will also provide tips on how to take advantage of these benefits!

Here are some credit card benefits you might not know about:

Some cards offer extended warranty protection on purchases.

It’s no secret that credit cards offer a variety of perks and benefits. But did you know that some cards offer extended warranty protection on purchases? This means that if your purchase breaks or is damaged within a certain period, you may be covered.

For example, Citi offers 2 years of extended warranty protection on purchases, up to $10,000 per item.

American Express offers 1 year of coverage, up to $10,000 per item and $50,000 per account per year.

Chase offers 1 year of coverage, up to $10,000 per claim and $50,000 per account. And Visa Signature offers up to 1 year of coverage, matching the manufacturer’s warranty, up to $10,000 per claim and $50,000 per cardholder.

This hidden benefit can come in handy if you have a big purchase that you want to protect. Just be sure to check the terms and conditions of your card to see what is covered and for how long.

Some cards offer purchase protection.

Having a credit card comes with a lot of responsibility. You have to make sure you’re using it wisely and not spending more than you can afford to pay back. But some great benefits come with credit cards that you might not be aware of.

For example, did you know that some cards offer purchase protection? This means that if you buy something and it’s damaged or stolen within a certain period, you may be able to get reimbursed by your credit card company.

This can be a huge help if you’ve ever had something valuable break or gone missing. Another perk that some cards offer is extended warranty coverage. This means that if you buy something and it breaks soon after, the credit card company may cover the cost of repairs or replacement.

This can be a lifesaver when it comes to expensive items like electronics.

American Express Blue Cash every day and Chase Freedom Unlimited are two great examples of cards that offer purchase protection and extended warranty coverage.

When it comes to credit cards, there are a lot of benefits that you might not be aware of. But knowing about these hidden perks can help you make the most of your card and save you money in the long run.

Be sure to check the terms and conditions of your card to see what benefits you’re entitled to. And if you’re ever in doubt, just give your credit card company a call and they’ll be happy to help.

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Read More: No need to wait-Get instant approval credit card with cash advance

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Return Unwanted Purchases

If you think your credit card’s only purpose is to help you make purchases, you might be surprised to learn about all the other ways it can work for you. For example, many cards offer return protection, which means if you buy an item and it doesn’t work out, the card issuer can reimburse you for the cost.

This benefit is usually available for 90 or 120 days after the purchase date and can be used for items that are up to $300 per item and $1,000 per account per year.

However, this benefit excludes shipping and handling charges. So next time you’re considering making a return, be sure to check if your credit card has you covered.

Cell Phone Insurance

Did you know that your credit card could help you save money on your cell phone? Many credit cards offer cell phone insurance as a perk, which can reimburse you for damage or theft up to $800-$1000.

There is usually a small deductible, such as $50, and you may be limited to 2-3 claims per year. To be covered, you must pay your cell phone service bills with the same credit card that offers the coverage.

This perk is not available on all cards and does not cover everything (e.g., a brand new iPhone).

However, it can be a helpful way to save money if you are worried about accidentally damaging your phone.

Special Offers and Rewards

Most people are familiar with the basic benefits that come with owning a credit card, such as the ability to make purchases without carrying cash, earn rewards points, and build a credit history.

However, many card issuers also offer additional perks that cardholders may not be aware of. For instance, many cards offer special discounts and statement credits for certain types of purchases from retailers.

To take advantage of these offers, cardholders simply need to scan their account home page, which will direct them towards the deals available and provide details on the types of purchases that qualify for the rewards or discounts.

Additionally, card issuers are constantly adjusting their rewards programs to reflect changing spending patterns, so it pays to keep tabs on what types of purchases are currently being rewarded.

By taking advantage of these hidden benefits, credit cardholders can get even more value from their cards.

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Conclusion

Credit cards offer a lot of benefits that many people are not aware of. From purchase protection to cell phone insurance, there are many ways that credit cards can save you money and help you in your everyday life.

Be sure to check the terms and conditions of your card to see what benefits you’re entitled to. And if you’re ever in doubt, just give your credit card company a call and they’ll be happy to help.