Uncover the Secret Rewards of Your Credit Card

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There are a lot of card rewards put on credit cards that people may not even be aware of. If you get a frequent flyer or other rewards card you probably decided on it based on the special rewards it offered. What you may not know, is that there are special perks on a lot of other traditional cards.

You’ll have to check the terms and conditions on the credit card you have to find out if you are eligible for any of them.

1. Additional cardholders

A lot of credit cards offer additional cardholders at no extra charge. If you have a rewards card it can be very beneficial to have this extra feature. More people using the card means more points and bigger and better rewards. In the case of a family saving up for a holiday, a frequent flyer card could be used by all to save up for a special family getaway.

2.Extended warranties and purchase cover

Many rewards cards offer purchase cover as one of their perks, but there are some cards that do not offer official card rewards programs, but still provide purchase cover. Security insurance is offered for 90 days on purchases, which gives you cover if any of the items you purchase are stolen, lost, broken or defective. These purchases must have been made with your credit card. An extended warranty for 12 months is often offered when purchase cover is included with the card.

3. Savings and discounts

Some banks have a customer appreciation program as part of their card rewards. If you have the Citibank Clear Platinum credit card, you will be able to save up to 25% when you shop with their various partners. These partners include entertainment venues, Internet retailers and restaurants to name a few.

4. Exclusive Events

You may be eligible for perks with the Visa concierge if you have a Visa card. This is commonly found on Visa platinum cards. You can use this concierge service to book car hire, get shopping advice, book a hotel room or get tickets to a special show. This concierge service is much like having your own personal assistant.

Read through the terms and conditions on your credit card to find out if you have any card rewards that you weren’t aware of. You may find that you have special privileges that you did not even know about.

Alban is a personal finance writer. He specialises in helping people to maximise the benefits of their frequent flyer credit cards.