|
Credit Card Insurance: Protect Your
Purchases
One of the most frustrating things in life is to purchase an
item, especially a big-ticket item, only to take it home and
find out that it doesn’t work. The first though on your mind is
that you will have to find with the merchant to either get your
money back and a replacement. Even worse is the aggravation of
having to pack it up and return it to the place where you
bought it. It’s somewhat easier if you bought it at a local
store where you can return it for full credit or replacement,
but for those times when the store policy is “store credit
only,” it can be equally frustrating.
What is the solution to this dilemma? If you have a credit card
that offers a buyer protection plan as some do, your problem is
solved. You return the item to the store or merchant where it
was purchased, and the credit card issuer credits your account
for the original purchase price. Of course, the stipulation is
that you charged the original purchase to your credit card.
Even if all of your credit cards have a buyer protection plan,
if you paid for your purchase with cash or check instead of
your credit card, it is beyond the jurisdiction of the credit
card issuer.
It’s important to remember that not every credit card company
offers a buyer protection plan, but if they do, it is included
with the list of benefits that the card offers. If this service
is something that is important to you, which it should be if
you make frequent purchases of products that may be subject to
problems during shipment such as electronics, be sure you
research the card issuer before you apply for the card if they
have buyer protection insurance.
Be certain to keep in mind that there are a great many credit
card issuers who offer buyer protection insurance, so simply
because the first two or three you see do not offer it, do not
assume that it’s the industry standard. It may require
searching a little further or even contacting some of the
credit card issuers to find out which of their programs include
this very important feature. By taking a little extra time, you
will find the features you want in a credit card, including a
buyer protection insurance plan.
| 
Delicious
Google Bookmarks
Stumbleupon
Digg
BlinkList
Blogmarks
Facebook
Ma.gnolia
Reddit
Twitter
Yahoo My Web
Livejournal
