What You Should Know About Credit Card Rebates and Rewards
There are lots of credit cards to choose from. Banks offer them, clubs do, stores do; the list is almost endless. Using plastic in our everyday lives is easy and convenient. A credit card rebate adds to each card's value. As well as offering a credit card rebate, they also offer other incentives to encourage you to choose and use. Understanding rebates in, general, is always useful.
What Are Some Common Credit Card Rebates and Incentives?
Many credit cards also offer protection against fraud and theft. If you buy a product, a card may also include additional warranty periods after the manufacturer's warranty has run out. Some cards also provide insurance cover for car hire.
There are many incentives to help you choose one card over another or to have several cards. You use each credit card when it is the most appropriate. You may wish to learn more about what a rebate is, because different types of incentives, rewards, and rebates differ from each other.
Why Do They Offer Credit Card Rebate Deals?
Quite simply, to encourage you to apply for and use that particular card. Credit card companies want you to:
- Benefit in ways that appeal to you and your lifestyle.
- Reward you for joining a club that will also encourage you to make the most of your membership by spending money in the club or buying something the club advertises.
- Help you feel part of a social or lifestyle group.
- Help you feel closer to an entertainment star you like.
On top of what you get from having the card, they make money each time you use it. The credit card company charges the retailer a merchant fee. If you do not pay off your monthly purchases, you pay interest on the outstanding balance.
What Sort of Credit Card Rebate Can I Get?
It depends on what you want because different cards come with different sorts of rebates. For example, you may get:
- Cashback reward points to reduce your due payment.
- Discounts off something else you will buy.
- Discounted membership fees when you rejoin the club which issued the card.
- Travel points which you convert into discounted airline tickets or car hire.
- Discounted or free hotel stays.
How Do Credit Card Rebate Programs Work?
On the plus side of the credit card program, when you buy something, you earn rebate points. Those points vary depending on what you buy. Many credit cards offer at least one cent in future rebates for every dollar you spend. Many cards offer anything from 1.5 to 5 cents for every dollar you spend in a certain period of time or a particular place. So, you may get extra rebate points for shopping at a particular grocery store, for filling your vehicle with gas, dining at a restaurant, getting take-out meals, etc.
Credit card companies offer a lot of extra rebate points for spending up to a certain amount of money within the first three months. This is good for you and good for them because many people get used to using that card so they keep using it instead of choosing a different one.
At the end of a pre-set period, you must redeem the card rebate. Some cards have no time limit, but others do, so it always pays to read the small print. On the minus side of the credit card rebate program, about 31% of cardholders lose their rebate. This happens because they do not follow the rules.
That is where DoNotPay can help, to make sure you get all the rebate rewards you are entitled to. We will cover that later in this article. We can also show you how to benefit from specific credit card rebate deals from many organizations. For example, you may want to get:
|Menards Rebate||Home Depot Rebate||About Rebate|
|Goodyear Tire Rebate||Michelin Tire Rebate||Mass Save Rebates|
|New Car Rebates||Verizon Rebate Center||Macy’s Rebates|
How Do I Take Advantage of Credit Card Rebates?
- The first thing to do is to choose the best credit card rebate deal for you. If you mainly just shop at grocery stores, gas stations, restaurants, and pharmacies, choose a card that offers the best rebates at those places. If you travel a lot, choose a card that offers great rebate points you can convert into travel miles or car hire.
- When you have chosen the best type of rebate program, look at the rules for earning, keeping, and using those rebates which each card offers.
- Read the small print for each card. Some cards have rebate dollar amount limits, time limits, and choice limits.
- Decide which card gives you the most rewards in the best way for your lifestyle and spending habits, and which offers the most flexibility to claim your rebates as far as time or other parameters are concerned.
- When you have all the info you need, sit down and choose carefully. If you make a decision too quickly, and you then decide you cannot use the rebates offered, it is too late.
One critical thing to remember is that when you apply for a credit card it goes on your credit report. If you cancel a credit card, that also goes on your credit report. Both of these may impact your credit rating. So either choose carefully or let DonotPay help you.
How Do I Submit My Credit Card Rebate Claim?
It is usually very easy. Just follow these steps.
- Go online and open your card account or your bank account and choose the credit card option.
- Select the Claim Your Rebate option (different cards use different terms.)
- Review the options. These may be to allocate your rebate as a credit on this month's bill, apply for a prepaid card for your chosen purchase, allocate the rebate towards a discount on a specific purchase, such as airplane ticket, car hire, or club renewal subscription.
- Select the rebate you want.
- Check that the rebate is issued or allocated to the item you chose.
Can I Lose My Earned Rebates?
Yes, depending on which card you have and the rules to which they adhere. You will find them in the small print of the card agreement. In general though you can lose your earned rebate by:
- Making a late payment or several late payments.
- Not using your card often enough.
- Letting your card go inactive.
- Canceling your card before you claim your rebate.
- The credit card company deactivated your card for a specific reason.
- Taking too long to claim your rebates, so they just expire.
- Not earning enough points to qualify for a rebate.
- Returning something you bought which earned you rebate points.
- Filing for personal bankruptcy.
- Breaking any of the credit card rebate rules.
- Not noticing changes to the rebate program and then not requesting earned rebate points be allocated to the new program.
How Does DoNotPay Help if I Don't Want to Do it Myself?
DonotPay has a very simple 3-step process to help you. All you have to do is:
- Search rebates on DoNotPay and select the type of rebates offer you want to claim (is it for a car, electronic gadget, household appliance, etc).
- Tell us more about the purchase, including the product name, brand, serial number (if relevant), and whether you bought it online or in-person.
- Select whether the rebate is online or mail-in. Upload your evidence documents, including receipts, and any necessary forms, and confirm your contact information.
It’s so easy. Let DoNotPay handle it for you.
How Else Can DoNotPay Help?
As well as giving you a good background on massive rebate programs, we can also:
- Help you win a case in the small claims court.
- Show you how to make a DMV appointment.
- Explain how you can lower your property taxes.
- Help you get advice and help to pay bills.
- Arrange free trials without getting charged if you forget to cancel.
- Help you with missing money situations.
- Help you to file a complaint.
- Explain how you may qualify for, and apply for, a scholarship.
Whatever you need to learn about or get help with, DoNotPay is here for you.