Often retailers will entice consumers into buying a product stating that they will get a payment back in the form of a rebate. At first, this may sound like a terrific deal. If you were found a phone you wanted and could get a rebate in the mail for twenty or thirty dollars back after purchasing the product you wanted in the first place, it sounds like a win win to you.
Rebates like this can be a win win for a consumer. However, they need to consider a few things first:
• Read all the find print on that rebate deal. Understand what forms will need to be filled out and what will need to be sent in to the manufacture to get this rebate deal.
• Understand when the cut off date for this deal is. Make sure it is purchase within the correct time frame and that you have ample time to mail these forms to the manufacturer.
• Make sure that the rebate is in the form that you like. Not all rebates come in the form of checks, anymore. Sometimes stores or manufactures will give you rebates in forms of prepaid credit cards or store gift cars instead of a regular check. Understand what form of rebate you will get before you purchase the product
• Ask how long any gift cards or store gift cards will expire. Many will only give you about ninety days to use them.
• Learn if any items you purchase on these gift cards can be returned if they do not suit you
• Ask if there are any limits to the items that can be purchased on these gift cards.
• Finally, consider if you really need the item in the first place. Are you only considering purchasing this item because it seems like you are getting a good deal once you receive the rebate?
No, rebates are not real scams. However, since estimates say that 40% of us are not taking advantage of the rebates that are offered to us, this does mean that the stores and the manufactures are the ones making the real profit from them.