Re:Why Don't People Manage Debt Better?
by nommm-nommm on Saturday February 20, 2016 @12:01AM
(#11138938)
All US CCs (Visa, MC, AMEX, Discover) extend warranties. I used this feature sith American Express. Its as easy to use as can be. They just refunded my original purchase amount.
I've also used price protection with Discover. Also easy to use but they take a couple weeks to process the claim and mail the check (a third party processes it)
Price protection is pretty unique - not too many cards have it. If you find a lower price later on an identical item they refund the difference. I used it to get black friday sales before black friday.
There are many reasons to use one. Others here have already given you some. But I want to add one more good reason: protection. So here you go:
- I try to pay for all restaurant meals with a credit card. Then, e.g. if I get sick eating at e.g. Chipotle, there's at least a record that I purchased something from them. If I lose the receipt I might not remember whether it was a taco or a burrito, but I'm still way ahead of someone who paid cash and doesn't have his receipt!
- If I have a dispute of any sort with the supplier, it really helps to at least have the threat of a credit card chargeback available. Too many disputes or chargebacks are bad news for vendors, and most will want to avoid those.
- Some cards will extend the warranty on a purchase, but I've never availed myself of that feature so I don't know how easy it is to use.