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Monday, December 9, 2013

Price is not final


Consumers are not aware of all their credit card benefits, experts say.
Many credit-card issuers, including Discover, Citi and MasterCard, offer consumers price-matching, in which they refund the difference in price should a customer buy an item and then find it for a lower price later on.
Discover says it will refund the difference up to $500 if a customer finds his or her item at a lower price within 90 days of making a Discover-card purchase.
Citi says it will refund the difference in price up to $250 per item, within 30 days of the purchase.
And MasterCard says it will refund up to $250, but within 60 days.
Experts say that a lot of consumers have cards that offer this service and don’t even realize it.
Ben Woolsey, marketing director for CreditCards.com, estimates that less than 1 percent of consumers who have the perk know about it.
“Cardmembers just aren’t aware of it and rarely, if ever, make claims,” Woolsey says.

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