8 Hidden Credit Card Perks You Didn't Realize Existed

In recent Federal Reserve estimates, a staggering 84% of Americans possess at least one credit card, collectively amassing over 1.25 million cards. These cards span major general use, store, and gas cards, each offering unique credit card benefits that often go unnoticed.

What Types Of Credit Card Benefits Are Available?

While popular perks like cash back and rewards points are widely known, there's a trove of other benefits awaiting discovery. Unfortunately, many cardholders miss out due to insufficient awareness. Card issuers don't always actively market every benefit, necessitating a closer look at credit card agreements and issuer websites.

To ensure you capitalize on your credit card's potential, explore these lesser-known benefits:

1. TSA PreCheck And Global Entry:

   • Save time at airport security with possible fee refunds.
   • Check if your card offers this perk, often found in travel-oriented cards.

2. Airline Baggage Fee Waivers:

   • Some airline-branded cards allow free checked bags.
   • Purchase tickets with the card to extend benefits to travel companions.

3. Purchase Protection:

   • Enjoy coverage against damaged or stolen items.
   • File a claim within the specified time window, usually 90 to 120 days.

4. Cell Phone Replacement:

   • Card issuers may cover smartphone replacement costs.
   • Similar to insurance, with deductibles, benefit maximums, and claim limits.

5. Identity Theft Assistance:

   • Beyond fraud protection, get assistance with identity theft issues.
   • Access credit monitoring tools and potentially free credit score reports.

6. Secondary Rental Car Insurance:

   • Use your card to pay for rental and receive secondary insurance coverage.
   • Some cards offer primary coverage, potentially saving on additional insurance costs.

7. Travel Insurance:

   • Seek refunds on travel-related expenses due to unforeseen incidents.
   • Coverage varies, so inquire about specific benefits your card may offer.

8. Currency Conversion Services:

   • Save on foreign transaction fees and enjoy favorable exchange rates.
   • Some cards facilitate transactions without the need for local currency.

Does Your Credit Card Provide These Benefits?

Check your card issuer's website or contact customer service to uncover available benefits. Not all credit cards are identical; even those from the same issuer may offer different perks. Unearth the potential of your credit card by delving into the specifics of the benefits it provides.

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