5 Hidden Credit Card Perks You’re Probably Missing Out On
Credit cards are a staple in most people’s wallets. They offer convenience, security, and rewards. But did you know that credit cards also come with hidden perks that many people overlook?
In this article, we’ll explore 5 hidden credit card perks you’re probably missing out on.
What are Credit Card Perks?
Credit card perks refer to the benefits and rewards that credit card issuers offer to their cardholders as an incentive to use their credit cards. These perks can include cashback, travel rewards, discounts on purchases, points systems that can be redeemed for merchandise or gift cards, and other exclusive privileges like access to airport lounges, concierge services, and travel insurance. Credit card perks vary depending on the issuer and the type of credit card, and some cards may have annual fees associated with them in exchange for more generous rewards programs.
5 Hidden Credit Card Perks
Below are the 5 hidden credit card perks you might be missing out on while using your card for everyday purchases and payments:
1. Extended Warranty Protection
When you purchase an item with your credit card, you may be entitled to an extended warranty. This perk can add up to a year to the manufacturer’s warranty, providing peace of mind if something goes wrong with your purchase.
For example, if you buy a new laptop with a one-year warranty, your credit card may offer an additional year of coverage. This can save you money on repairs or replacement costs if something goes wrong with your device.
To take advantage of this perk, you’ll need to check your credit card’s terms and conditions. Almost all best credit card companies offer this protection automatically, while others require you to register your purchase online.
2. Price Protection
Have you ever bought something only to see it on sale a few days later? With price protection, you can get a refund for the difference in price.
This perk is especially useful during the holiday shopping season when prices are constantly changing. It can also apply to online purchases, where prices can fluctuate rapidly.
To take advantage of price protection, you’ll need to keep an eye on the price of your purchase and file a claim with your credit card company if the price drops within a certain period.
3. Travel Insurance
Many credit cards offer travel insurance as a perk, including coverage for trip cancellation, trip interruption, lost or delayed luggage, and medical emergencies.
This can be a valuable perk for frequent travelers or those planning a big trip. It can provide peace of mind knowing that you’re covered if something goes wrong during your travels.
To take advantage of this perk, you’ll need to use your credit card to book your travel arrangements. You may also need to meet certain requirements, such as paying for your entire trip with your credit card or booking a minimum number of days.
4. Rental Car Insurance
When you rent a car, you’re typically offered insurance from the rental car company. However, your credit card may also offer rental car insurance as a perk.
This can save you money on the cost of rental car insurance, which can be expensive. It can also provide better coverage than the rental car company’s insurance.
To take advantage of this perk, you’ll need to decline the rental car company’s insurance and use your credit card to pay for the rental. You may also need to meet certain requirements, such as renting the car for a certain number of days.
5. Concierge Service
Many high-end credit cards offer a concierge service as a perk. This service can help you with a wide range of tasks, from booking restaurant reservations to finding tickets to a sold-out event.
This can be a valuable perk for those who lead busy lives or those who want to make the most of their free time. It can save you time and hassle by handling tasks that would otherwise require a lot of effort.
To take advantage of this perk, you’ll need to check if your credit card offers a concierge service and how to access it.
In conclusion, credit cards offer more than just convenience and rewards. They also come with hidden perks that many people overlook. By taking advantage of these perks, you can save money, protect your purchases, and enjoy peace of mind. Be sure to check your credit card’s terms and conditions to see what perks are available to you and how you can reap advantage of those perks.