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Hidden Credit Card Perks They Don't Want You to Know

^{Published on 2024-12-05 12:01:05 - 24/7 Wall St}
 

• Despite high interest rates and fees, some credit cards contain points, cash back rewards, and other perks that can make them worthwhile.

The article from 24/7 Wall St. discusses several lesser-known perks associated with credit cards that issuers might not advertise prominently. These include:

Extended Warranty: Many credit cards offer an extension on the manufacturer's warranty for products purchased with the card, often adding an additional year or more.

Price Protection: Some cards provide price protection, where if an item you've bought goes on sale for less within a certain period, you can get the difference refunded.

Return Protection: If a retailer won't accept a return, certain credit cards might allow you to return the item to them for a refund, subject to terms and conditions.

Travel Insurance: Benefits like trip cancellation/interruption insurance, lost luggage reimbursement, and car rental insurance are often included, which can save cardholders significant money on travel-related expenses.

Purchase Protection: This perk covers items against damage, theft, or loss for a specified period after purchase.

Cell Phone Protection: Some cards offer insurance against damage or theft of your cell phone if you pay your monthly bill with the card.

Visa/Mastercard Exclusive Offers: Special deals or discounts that are only available to cardholders of specific networks.

Concierge Services: High-end cards might provide access to a personal concierge for booking travel, making reservations, or handling other personal tasks.

The article emphasizes that while these perks can be valuable, they often come with conditions like minimum spend requirements, specific card usage, or enrollment in certain programs, and cardholders should review their card's benefits guide to fully utilize these hidden advantages.

Read the Full 24/7 Wall St Article at:
[ https://247wallst.com/personal-finance/2024/12/05/hidden-credit-card-perks-they-dont-want-you-to-know/ ]

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