Rebates – Reward or Rip Off?

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Rebates have been popular the last few years. They are a good way to save money on electronic items and computers. Sometimes a rebate can be as much as $100, which is very helpful. You might also get an item that is free after you pay for it with your rebate. But you must watch out for “catches.” Rebates can help you save money if you think about them carefully before buying something expensive.

You buy something for a price. Then you send a form and the bar code to the manufacturer. They will refund you some money. The refund happens in about one month, but it is less than what you paid for the item when it was new.

Rule #1. Rebates from reputable companies are usually just fine.

When you buy a product from a store like Best Buy, Amazon, or Dell and you use their rebate program, then you can count on getting the rebate. But if it is from a company that you don’t know much about then the only thing you can do is hope to get the refund. 

Rule #2. Check rebate expiration dates.

Many times products will stay on the shelf of a retailer after the date for sending in the rebate offer has expired. So when buying, check that date carefully.

Rule #3. Be sure you have all the forms required to file for the rebate before you leave the store.

Rebates are a good way to save money. 

You have to fill out a form, show them your receipt and give them the barcode.

Rule #4. Back up your rebate claim. 

Keep a copy of everything you send to get the money. Something gets lost in the mail sometimes and it is worth doing the extra work to back up your claim. 

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