Rebates - Bonus Or A Rip Off?
Rebates have become more and more popular in the last few years on a lot of products and definitely on electronic items and computers. Rebates of $20, $50 or $100 are not infrequent.
I've even seen items marketed as "free after rebate". Do these rebates appear under the heading of "too good to be true"? A few of them do and there are "drawbacks" to watch out for but if you are careful, rebates can help you get some decent deals.
The way a rebate functions is that you pay out the listed price for an item then mail in an application form and the bar code to the vendor and they send you a refund thus reducing the price of what you paid for the item except with a time delay of several weeks.
Rule #1. Rebates from reliable companies are usually fine.
You can be pretty sure you will get the guaranteed rebate from Best Buy, Amazon or Dell but you should most likely not count on getting one from a company you've never heard of. If you really want the merchandise and are OK with paying the price listed then buy it but don't rely on actually getting the reimbursement.
Rule #2. Check rebate expiration dates.
Too often merchandise will stay on the shelf of a retailer after the date for sending in the rebate offer has ended so check that date carefully.
Rule #3. Be sure you have all the forms necessary to apply for the rebate before you leave the store.
Rebates will almost always need a form to be filled out, a receipt for the money spent and a bar code.
Rule #4. Back up your rebate claim.
Make copies of everything you send in to get your rebate as well as the bar code. Stuff gets lost in the mail frequently and if the rebate is for $50 it's well worth the trouble to backup your claim.
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