You’re Not Using All of Your Credit Card Benefits

These days, almost every credit card comes with special sign-up bonuses and perks. Maybe it’s points, maybe it’s miles, maybe it’s cashback. That’s all well and good, but when your welcome bonuses wear off, it can sometimes feel like your credit card is just a way to spend money, not to mention that you’ve got to pay those pesky annual fees. However, endless ways exist to get the most out of your credit card. More and more cards come with ongoing benefits, perks, and other safety features that help make your credit card more than worth it. Here are a few bonuses you might not be using on your credit card.

Cash Back From Retailers

Every major credit card has partnerships with retailers, allowing cash back or points build-up, depending on your card type. This could range from having a credit card explicitly through a retailer to cards that promise cash back through checkout. You can also get discounts from retailers if you go to your credit card’s website or shopping portal. For example, Chase Sapphire holders can use Chase Offers to maximize their spending and savings. 

Bonus Money on Hotel Stays and Travel Insurance

Travel is made much easier using most credit cards, with more exclusive ones offering no fees on exchange rates or international usage. Some credit cards will provide a free hotel credit annually if you book using their platform. The more you are willing to put travel expenses on a travel-related card, the more you’ll be able to cash in the features you get — better hotel rooms, tour guides, and other bonuses that make a vacation feel truly luxurious. Don’t forget your comped travel insurance!

Return and Price Protections

Listen, it happens to everyone: You buy something and realize you no longer need it. That’s okay! Most credit cards offer a return protection policy, which means that even if you didn’t hang onto a receipt, you’ll be eligible for a return on that particular credit card. If you have issues with the retailer, your credit card company will be able and willing to help you with the charge.

Roadside Assistance

When you rent a car, the rental company will almost certainly ask if you want to purchase their insurance, which sometimes costs tens, if not hundreds, of extra dollars. Luckily, if you have the right kind of credit card, you will receive automatic renters insurance on vehicles as roadside assistance free of charge. This will significantly reduce the rental vehicle's price, and you can drive and rest easily, knowing you’re in safe hands.

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