Did you know that credit cards can fix broken things? Or help you get a free flight every year or bring along a friend at no 
additional charge? Protect the car (and you) if you’re in a car accident? Give you cash if the card is stolen? If you’re not getting impressive benefits like these with your credit cards, maybe you just didn’t know to ask for them! Often, credit card companies include fringe benefits like these to cardholders, but once you get your credit card and start using it, you tend to forget they exist. And if you forget… the credit card company is not likely to remind you of them!
Here’s a sampling of the kind of extra perks many credit cards offer – are you missing out on benefits and extras that your own credit cards offer?
Just about everyone knows the disadvantages and potential dangers associated with using credit cards – from charging more than you can afford to pay back to identity theft concerns – but few people are aware of all the benefits and perks that credit cards offer. While just about every credit card, including the most basic credit card, offers some form of extra perk; the more you pay the more perks you can expect. So if you pay an annual fee for your credit card, chances are you have some excellent benefits just waiting for you to redeem.
Insurance – when you use most credit cards to secure a car rental, some will cover you for car rental insurance. This means you don’t have to pay extra for the coverage when renting the car, or through your own regular car insurance policy. You’re covered at no additional charge over the cost of the rental. Some credit cards offer what is known as “event insurance”, and can help you if you have to cancel a trip you’ve booked or miss a concert you’ve already purchased tickets for. Lost luggage insurance is included by many cards, so if the airline loses your bags and you’ve used a credit card with this insurance coverage to book the tickets, you’re automatically covered.
Other Travel Perks – credit cards with travel perks come in very handy. Many include emergency roadside assistance coverage at no additional charge, which can help you get your car fixed on the road if it breaks down or get you towed to the nearest garage for repairs. Some will even cover the cost of a temporary rental car or a hotel room if your car requires extensive repairs and you’re many miles from home. A lost passport is of no concern for cards with a benefit to assist you with this situation – just call the customer service number on your credit card and explain the situation. They’ll help you get a new one in a hurry.
Related Posts:
- 12 Credit Card Benefits You Might Not Even Know You Have - When selecting a credit card, you may be swayed by cash back rewards, or frequent flier miles. Chances are, however, your credit...
- 55% of All Card Holders Don’t Understand Their Card Benefits - A new MasterCard study says that more than half of customers, 55% of total card holders, don’t understand what benefits and perks...
- Is Credit Card Protection Insurance Right For You? - There are many offers out there for credit card protection insurance, and it can be tough to decide whether it’s a product...
- Many Benefits To Consider With USAA Credit Cards - In the banking world, there are a number of different credit card companies you can work with, but there are some that...
{ 1 trackback }