Secret Perks Offered by Rewards Credit Cards

Miles, cash back, and points are often associated with rewards credit cards. However, this type of credit card has more valuable benefits that you may not know about. With these perks, you can save yourself from stress and get extra cash as well.

The trick to knowing and taking full advantage of the secret credit card perks is to familiarize yourself with the card agreement. You can also make a quick phone call to your creditor to discover the benefits your rewards card offers you.

Concierge Service

If you have platinum or a premium MasterCard and Visa card, this may be available for you. A team of professionally trained concierge will be willing to help you with your reservation needs. It will be much easier for a businessman with a very hectic schedule to secure a hotel room, a seat at sporting events, and gain assistance for party planning. Make sure you know about the additional charge you should pay for the concierge service. Typically, this will cost you $25 for each hour.

Roadside Help

If you are several miles away from home and your car suddenly stops working, your issuer will come to the rescue. What you need to do is call them and inform them of your situation. Someone or a team will be sent over as immediately as possible to help you with your dilemma. Towing, gas delivery, and car repairs may be charged individually against your credits.

Lost Luggage Protection

If a plane, train, ship, or bus damages or loses your luggage contents or the luggage itself, you are entitled for a reimbursement. This is not applied to all rewards credit cards, though. You should first note the restrictions that are imposed by your creditor. You can also purchase more coverage for your luggage from specific carriers.

Purchase Warranty Extension

The free repair period is a great gift to consumers. You can double this through the use of your rewards card. Typically, you may be given an extra year for the warranty period. This helps you save a lot when it comes to repair and other services from the manufacturer. It is important to remember that not all items are covered by this perk. For instance, cars and boats as well as other motorized automobiles are not eligible for a warranty extension. Their accessories may not also be recognized. Real estate properties and parts of real estate, such as ceiling fans and garage doors, may not be covered as well.

Collision Damage Waiver for Rented Vehicles

Many rewards credit cards offer insurance in case of auto impairment. This is particularly useful if you are driving a rental car. Collision damage and other types of car rental accidents may be covered by your insurance. You can save a hefty sum with the insurance since the rewards credit card can cover for a deductible portion of your own auto insurance policy. If you do not have auto insurance, your card can cover both theft and damage.

There may be a number of limitations on the collision damage waiver. Guarantee that you read and understand the fine print especially the section that explains the auto rental insurance.