Many rewards credit cards come not just with travel protections like delayed flight and delayed baggage coverage, but also with protections for the things you buy.
- Purchase protection. If your new purchase gets damaged they may pay to fix it
- Extended warranty. Covering warranty claims after the manufacturer no longer will
- Price protection. If the price of what you buy goes down you can get the difference back (this is becoming more rare now that automation finds price drops more easily and the benefit has become more costly to offer)
- Return protection. If the manufacturer won’t take an item back, your card company’s administrator might.
Different cards have different benefits and it pays to know what’s available to you.
Reader Bryan shares an experience with Citi’s return protection.
A friend recently sent back some electronics (headphones that amazon wouldn’t take back) to Citi’s insurance vendor under their return protection benefit .. [and was] provided FedEx labels and he sent the items off to a place called Cyberkit.
Cyberkit resells items that have been returned. That’s interesting because it reduces the cost of honoring return protection. And if you’re so inclined you can buy returned items online at a discount.
They have computers, electronics, clothing, watches, and more. It’s the ‘others’ category that is most intriguing – or troubling – depending on your perspective. There are hydraulic brakes, prescription glasses, even a wig, Tumi wallet, and United Airlines model Boeing 747.
And then there’s this item that’s not safe for work.
Some people are embarrassed buying condoms, though I guess now that you can buy pretty much anything that you want this old coming of age ritual doesn’t exist any more?
But let’s say it’s no longer taboo to buy things that are much more risqué than that. Who returns them? And let’s take it a step farther, who sells used, and further still, who buys such a thing used?