Credit cards are not just a convenient way to make purchases; they also offer a range of surprising perks beyond the usual rewards. These additional benefits can provide valuable protection and savings that many cardholders may not be aware of.
This article aims to explore some of these lesser-known advantages, focusing on two key areas: travel protection and insurance, as well as extended warranties and purchase protection.
When it comes to travel, credit cards can offer various forms of insurance coverage, including trip cancellation/interruption insurance, baggage delay/loss coverage, and even emergency medical assistance. These protections can provide peace of mind for frequent travelers and help in unforeseen circumstances.
Additionally, credit cards often come with extended warranties on eligible purchases made with the card. This means that if a product malfunctions or breaks within a specified period after purchase, the credit card issuer may cover the repair or replacement costs.
Furthermore, purchase protection offered by some credit cards safeguards against theft or damage to recently purchased items. This perk can be particularly useful for expensive or fragile goods.
In conclusion, credit cards offer more than just reward points; they present unexpected benefits that enhance our daily lives. By utilizing these often overlooked perks, cardholders can enjoy added security and value while belonging to an exclusive group that maximizes their financial potential.
Key Takeaways
- Credit cards offer travel protection benefits such as trip cancellation/interruption insurance, baggage delay/loss coverage, and emergency medical assistance.
- Credit cards provide extended warranties on eligible purchases, offering added value and protection for consumers.
- Purchase protection perks safeguard against theft or damage to recently purchased items, and return protection allows for returns even if the store’s policy has expired.
– Credit cards also offer price matching, ensuring that consumers get the best price on their purchases.
Travel Protection and Insurance
One of the often overlooked benefits of credit cards is their comprehensive travel protection and insurance, which can provide peace of mind and financial security for unexpected events during trips.
Credit cards often offer emergency medical coverage, ensuring that travelers are protected in case of illness or injury abroad.
Additionally, many credit cards provide trip cancellation insurance, reimbursing cardholders for non-refundable expenses if they need to cancel their trip.
Moving on to extended warranties and purchase protection…
Extended Warranties and Purchase Protection
In addition to the typical benefits of credit cards, such as rewards programs, there are additional advantages provided through extended warranties and purchase protection.
Credit card holders can benefit from return protection, which allows them to return eligible items even if the store’s return policy has expired.
Furthermore, credit cards may offer price matching, ensuring that customers receive the best price for their purchases.
These perks provide added security and value for consumers.
Conclusion
Credit cards offer a range of benefits beyond just rewards. One such benefit is travel protection and insurance, which can provide coverage for trip cancellations, lost baggage, and emergency medical expenses.
Another perk is extended warranties, where credit card companies extend the manufacturer’s warranty on certain products.
Additionally, purchase protection ensures that if an item purchased with a credit card is damaged or stolen within a set timeframe, it can be replaced or refunded.
These added advantages make credit cards a valuable tool for consumers.