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Rebates - Benefit Or Possibly A Rip Off?
Rebates have become increasingly more popular in the last few years on a lot of goods and definitely on electronic items and computers. Rebates of $20, $50 or $100 typically are not uncommon.
I've even seen items advertised as "free after rebate". Do these rebates occur under the heading of "too good to be true"? Many of them do and there are "drawbacks" to watch out for but if you are careful, rebates may help you get some really good deals.
The way a rebate works is that you invest in the listed price for an item then mail in an application and the bar code to the company and they send you a refund thus reducing the amount of what you paid for the item except with a time delay of several weeks.
Rule #1. Rebates from reputable companies are usually okay.
You can be pretty sure you will get the assured rebate from Best Buy, Amazon or Dell but you should possibly not count on getting one from a company you've not at all heard of. If you really want the product and are OK with paying the price listed then buy it but don't count on actually getting the reimbursement.
Rule #2. Check rebate expiration dates.
Often items will stay on the shelf of a retailer after the date for submitting in the rebate offer has expired so check that date carefully.
Rule #3. Be sure you have all the forms required to apply for the rebate before you leave the store.
Rebates will almost always demand a form to be filled out, a receipt for the buy and a bar code.
Rule #4. Back up your rebate claim.
Make copies of all the things you send in to get your rebate including the bar code. Stuff gets lost in the mail all the time and if the rebate is for $50 it's really worth the trouble to back-up your claim.
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