Ultimate Credit Card Perks Checklist: Benefits You Don't Know About
I consider myself pretty well versed in credit card benefits. I have two credit cards that I use for most everyday purchases — one gets me 5% cash back on groceries and one between 1-3% cash back on everything else. I always use a card when renting a car to get car rental insurance protection. And I felt exceptionally card savvy when I compared card warranty benefits to decide which card to use to get a free extended warranty on a new fridge. (See also: 7 Credit Card Reward Tips Many People Don't Follow)
For instance, did you know that if you accidentally spilled red wine and permanently stained a new pair of khakis American Express would reimburse you? It’s called buyer’s assurance. Or if you bought a pair of boots on closeout and the store won’t take them back? You can return them to Amex for a refund. (Some) MasterCards offer price protection in case you find a lower price on an item within 60 days of purchase. And I’m sure many Wise Bread readers read a recent post on Tim Ferris’ blog about the Visa concierge service.
I put together this Ultimate Card Benefits Checklist. It lists different perks that your credit or charge card may offer that you probably didn’t know about.
- Baggage Loss Protection
- Car Rental Insurance
- Car Rental Discounts
- Passport/Credit Card Loss Protection
- Roadside Assistance
- No Transactions Fees Abroad
- No Baggage Checking Fees
- Free Airport Lounge Access
- Lost Luggage Tracking Assistance
- Emergency Translation/Interpretation for Medical Emergencies
- Emergency Medical Transportation Assistance
- Extended Warranty
- Return Protection (return an item even if the store won’t allow returns)
- Buyer Protection (if you lose/damage an item, get a refund/replacement)
- Price Protection (if price drops get a refund)
- Early Ticket Access
- VIP Ticket Access
- Concierge Service
Personal Finance Management
- Free Credit Scores
- Year End Summaries
- Financial Management Software
- Identity Theft Protection (including assistance in notifying credit card bureaus)
Know that the majority of the best benefits only come with cards that require an annual fee or cards with no cash back or rewards points. The cards with the highest cash back rewards usually have few of these benefits, while cards with a higher annual fee offer more.
Have you ever used any credit card benefits? What was your experience?