Friday, November 26, 2010

Discounts - reward or Rip Off?


Discounts have become increasingly popular in recent years on a lot of items and certainly on electronic items and computers. Discounts of $ 20, $ 50 or $ 100 are not uncommon.

I've even seen items advertised as "free after rebate". Do these rebates under the heading of "too good to be true"? Some of them do and there are "captured" to pay attention but if you are careful, rebates can help you get some really good deals.

The way a rebate works is that you are paying the price for an item then mail in the form and the bar code on the manufacturer and they send you a refund and the cost of what you paid for the item except with a delay of several weeks.

Rule # 1. Discounts from reputable companies are usually fine.
You can be pretty sure you get the promised rebate from Best Buy, Amazon or Dell but you should probably not count on getting one from a company you've never heard. If you really want the product and are OK with paying the price than buying, but do not count on actually getting the refund.

Rule # 2. Check rebate expiration dates.
Many times products will stay on the shelf of a retailer after the date for receipt of the rebate offer has expired so check that date carefully.

Rule # 3. Make sure you have all necessary forms to file for the rebate before you leave the store.
Discounts will almost always require a form be completed, a receipt for the purchase and a barcode.

Rule # 4. Back up your rebate claim.
Make copies of everything you send your rebate including the bar code to get. Stuff gets lost in the mail all the time and if the discount is $ 50 is it worth to back up your claim.
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