Ramit Sethi is the author of I will teach you how to be rich and is a self-made millionaire. Sethi is also a popular personal finance guru with plenty of advice for his many readers Instant approval credit card
Instant approval credit card unlike some other financial experts, such as Dave Ramsey, Sethi is a believer in taking full advantage of the perks and perks that credit cards offer. In fact, he suggested three credit card hacks that could help people get the most out of their cards. Here is what they are.
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1. Get help from your card issuer if your purchased items are damaged or stolen.
Sethi’s first tip is about protecting credit card purchases. This is a feature offered by many card companies. The business will pay for losses if an item you load on your card is stolen or damaged within a certain period of time after you purchase it.
Sethi indicated that he used this purchase protection personally, telling CNBC Do it that he was able to send the bill to his credit card company after spilling coffee on a laptop computer he bought with his credit card.
Although card companies have limits on how much they will reimburse when a problem arises, these limits can be relatively high, sometimes reaching $ 10,000. You’re typically covered for around 60-90 days after making the purchase, although you’ll want to read the fine print on your own card for the details.
2. Benefit from warranty extensions
Sethi also advises you to make full use of the extended warranties that many cards offer as a member benefit. Often, card issuers will double the extended warranty on items backed by a manufacturer’s warranty.
That could give you a year or two of extra protection for big ticket items, and that means you can avoid buying extended warranties on things like home appliances and electronics that can get really expensive.
âA lot of the money you spend on extended warranties – don’t spend it, you can save it,â Sethi told CNBC.
3. Use the concierge service on your card
Finally, Sethi advises that if your credit card company offers a concierge service, it is worth using it. Many people overlook this cardholder benefit or assume that it won’t be of much use to them, but Sethi explained that your card company might be able to do things like help you get coveted bookings in locations. restaurants or to book tickets for events.
“You can call [the concierge service], you can ask them to book some reservations for you, and they will do the work for you. So if you don’t have your own personal assistant, call the credit card, get them to do the work for you – they’re happy to do it, âhe told CNBC.
While most people are familiar with their card’s rewards programs, these other unique cardholder benefits are too often underutilized despite having significant value. You may want to consider taking Sethi’s advice and checking to see if your own credit card offers these features. If not, it may be worth purchasing a card that incorporates these benefits among the features that customers can enjoy.