In addition to incentives, you may be surprised by some of the credit card benefits you have access to. A credit card that gives the most perks makes a lot of sense to sign up for And it’s natural to focus on prizes and special offers that have been well promoted. However, you may be surprised to realize that using a credit card has a number of everyday benefits.
It’s important to read the tiny print on your credit card’s terms and conditions so you know exactly what you’re getting into. If you do, we’re confident that you’ll discover something new.
Check out our list of the most helpful and surprising credit card benefits, including a few that our readers have pointed out to us.
Making a purchase just to have the item’s price reduced a few days later is one of life’s greatest frustrations. It’s here that price protection kicks in. Some credit cards may repay you if the price of an item you purchased reduces within a specific amount of time after you made the purchase.
Make sure you read the fine print before signing anything. There may be a cap on the amount of money you may get per item and per year. Documentation requirements, such as submitting a receipt, are also important to keep in mind.
Theft, damage, or loss of an item purchased with your credit card might all be covered by buy protection. You may have to go through your homeowner’s insurance or other coverage before you can file a claim. Depending on how long ago you purchased the item and whether or not it was covered by insurance, you may be eligible for reimbursement.
With return protection, you may be able to prolong the time period in which you may return an item. In some situations, you may be able to get a refund from your card issuer even if you’ve exceeded a store’s 30-day return policy. Don’t forget to check the terms of your credit card to see if you’ve met the requirements.
Online shopping protection
Online purchasing protection, like other forms of security, might come in handy if something goes wrong. If the seller refuses to reimburse you because your product was stolen or damaged in transit, you may be able to get your money back through a credit card benefit.
Extended warranty coverage
It’s possible to extend your warranty after the manufacturer’s warranty expires. Our FBZ Elite – Travel and Points club member Tyler L. reported that one month after the warranty had expired, his MacBook Pro had perished. A replacement was covered by his credit card company when Apple wouldn’t take care of it.
As a general rule, if your credit card company offers extended warranties, it will tell you whether or not you qualify for the additional coverage. You often need to use your credit card to cover the purchase in order for it to be reimbursed.
Cell phone protection
Rather than paying for the carrier’s insurance, you may save money by taking advantage of this simple benefit.”
That’s exactly what cell phone protection does. A credit card with a reward program for damaged or broken cell phones might help you secure a refund. Depending on your credit card, you may be eligible for this insurance as a perk without having to pay a monthly premium to your provider each month.
Credit cards are required by law to take some effort to safeguard you from fraud, so this is a frequent feature. Your credit card company should not hold you liable for fraudulent charges if you report them to them within 60 days of receiving your statement. You are only responsible for $50 if your credit card is used fraudulently.
More comprehensive safeguards are available from some credit card companies, such as American Express. To check if you’re protected from fraud, speak with your bank or credit card company to see what kind of coverage you have.
Free credit scores and credit monitoring
You’ll soon be able to get your credit score from the company that issued you your credit card. Access to a certain credit reporting agency’s score or even your whole report is possible. It is possible to receive alerts if something unfavorable is found on one’s credit report for free from some credit card providers as well.
Long periods of 0% interest
It’s possible to acquire an interest-free intro period of up to 24 months with a 0% APR (annual percentage rate) or a terrific balance transfer offer with some credit cards. Balance transfer credit cards might go much farther than that.
Some military personnel may also experience a prolonged period of boredom. Members report that their luxury credit card eliminated their cash advance charge and granted them a 0% APR until 2099, according to Chris P. For the rest of my life, Chris said, “I basically took out a $35,000 loan without paying a penny in interest or fees.”
Whether you’re in a unique situation, check to see if your card has an extended interest-free term.
Are you in need of assistance in discovering or arranging for something? Concierge services are often included in the finest rewards credit cards. In a foreign country, you might ask for assistance in arranging flights or finding a pharmacy. Learn about the concierge services offered by your card and note their contact information. To get help with anything, all you have to do is dial the phone number.
Global Entry / TSA PreCheck
One of my travel credit cards gave me a $100 credit on my next bill when I paid for my Global Entry charge. Many travel cards include this benefit, which allows you to bypass airport lineups.
To see if this advantage is accessible to you, check your cardmember benefits, and read the small print. Depending on whether you have Global Entry or TSA PreCheck, you may only be able to obtain the credit once every four or four-and-a-half years. In addition, keep in mind that the amount of your bill credit may vary depending on which of these programs you sign up for.
For frequent travelers, I have three travel credit cards that each provide unique benefits. If you have a certain airline-linked credit card, you may be able to take advantage of bonuses like:
- Upgrades to a more luxurious room are always available at no additional cost.
- First-class boarding privileges
- Two free checked baggage per person
- Lounge admission is included.
- In-flight discounts on purchases
You may enjoy a better travel experience and perhaps save money with these types of benefits in mind.
Perks for small businesses
If so, do you use it to make purchases for your small business or organization? You don’t have to feel like you’re missing out on the privileges of working at a company. Built-in spending management capabilities are common on small company credit cards. WeWork membership, Uber credits, or ZipRecruiter access may also be available to you. Credits for telecommunications or computer purchases are also available on several small company credit cards.
Access to the event as a VIP and tickets purchased ahead of time
VIP event access is available on some cards. The PGA (Professional Golfers’ Association of America) Masters may be able to provide you access to behind-the-scenes access at Sundance. Some cards may include backstage credentials, VIP receptions, or meet & greet, depending on the event.
Cardholders may also be able to purchase concert and event tickets before they go on general sale. In certain cases, you may even be granted priority access to a specific venue’s seats. Check your cardmember perks to discover what’s available if you’re looking for something different.
Free access to museums
Museum entry may be available if you have a credit or debit card from the same company. Bank of America’s Museums on Us is one of the most popular programs. Some zoos, for example, may provide free or reduced admission to visitors.
Discounts and upgrades
You may be eligible for a variety of discounts and benefits, depending on the relationships your creditor has with its partners. If you purchase at specific retailers or rent a car from particular companies, you may be eligible for discounts or improvements. High-end resort hotels are available through several credit card issuers. As a result, you may also be enrolled in other hotel incentive schemes.
If you have a hotel credit card that gives you Gold, Platinum, or Diamond status — which normally results in an upgrade — you’re more likely to get a better room. As she put it, “I’ve lost count of the number of times our ordinary rooms have been upgraded owing to having status.
Cash back via online shopping portals
Check to see whether your credit card company gives additional cashback through its online portal before making a purchase in a physical shop. In some cases, you can earn up to 25 percent more cashback or points when you shop through the card’s online portal, depending on the card. This is essentially a discount on purchases that you would have made regardless of this promotion.
Monthly credits for Uber or Lyft are available on a number of credit cards, both personal and commercial. Having a certain credit card entitles you to free trips. When you’re exploring a new city, this may be a lifesaver.
Rental car insurance
You may be able to get rental car insurance through your credit card. Damages may be insured without having to pay the rental car company’s exorbitant fee.
You should read the fine print before taking advantage of this perk. Because of this, you should avoid using credit cards that only provide secondary rental vehicle insurance. A waiver denying the rental car company’s insurance may also be required if you want your credit card to pay up the tab.
A hit-and-run occurred while I was on vacation, and I found this coverage to be helpful. The damage to my rental automobile was covered by the primary insurance provided by my credit card.
All kinds of eventualities were covered by the benefit — from getting locked out of the car to running out of petrol to flat tires. According to him, “It didn’t cost me anything, and it certainly made my day a little brighter.” Your credit card company may be able to provide you with roadside assistance in order to save you money on an auto club membership or an insurance claim.
No foreign transaction fees
One of my credit cards does not incur international transaction fees when I travel overseas. Many of the finest travel cards don’t charge an additional price for this service. The convenience of not having to deal with the headache of dealing with local currency while you’re on vacation is a big plus.
Lost or damaged baggage insurance
Nobody enjoys losing or damaging their luggage. It’s not a great way to start or finish a trip, and you may end up paying more in the long run. The costs connected with lost or damaged luggage might be compensated with the help of a credit card bonus. As usual, be sure you know what’s expected of you and what’s not.
Trip cancellation insurance
You may have had to cancel your vacation due to illness, loss of a loved one, weather, or any other reason. If your credit card has a trip cancellation benefit, you may be able to receive your money back. First, check your credit card perks to determine whether you’re already covered by an additional travel insurance plan.
Trip interruption or cost reimbursement may be available in addition to trip cancellation insurance in the event of an interruption or cost reimbursement due to delays.
Trip accident insurance
In some cases, you may be able to claim compensation for medical expenses incurred while on vacation. Your beneficiaries may also get money if you die while on vacation. For those who need assistance in reaching a medical deductible, this might be an excellent addition to other insurance policies.
Emergency travel assistance
For those times when you need to leave a place quickly, emergency travel assistance can help. It’s critical to double-check your policy’s exclusions and inclusions before booking any trips. It is possible that if you have to be rescued from the top of an alpine peak, you will not be protected by several credit card advantages. Some restrictions are depending on the nation you’re visiting, while others are universal.
You should always read the fine print of your credit card perks, no matter what the credit card incentive is. It’s possible to save a lot of money simply by making use of the privileges you’re entitled to.