Rebates - Benefit Or A Rip Off?

Rebates have become increasingly popular in the last few years on a lot of goods and certainly on electronic devices and computer systems. Rebates of $20, $50 or $100 typically are not infrequent.

I've even found items marketed as "free after rebate". Do these rebates come under the heading of "too good to be true"? Many of them do and there are "catches" to look for but if you are watchful, rebates may help you get some decent deals and offers.

The way a rebate functions is that you pay the listed price for an item then mail in an application and the bar code to the manufacturer and they send you a reimbursement thus cutting down the amount of what you paid for the item except with a time delay of a number of weeks.

Rule #1. Rebates from reliable companies are usually just fine.

You can be pretty sure you will get the assured rebate from Best Buy, Amazon or Dell but you should probably not count on obtaining one from a brand name you've not at all heard of. If you really want the merchandise and are OK with having to pay the price listed then buy it but don't rely on actually getting the refund.

Rule #2. Check rebate expiration dates.

Often products will stay on the shelves of a store after the date for submitting in the rebate offer has ended so check that date carefully.

Rule #3. Be sure that you have all the forms necessary to file for the rebate before you leave the store.

Rebates will almost always demand a form to be filled out, a receipt for the purchase and a bar code.

Rule #4. Make a copy of your discount claim.

Make copies of all the things you send in to get your rebate as well as the bar code. Items get lost in the mail frequently and if the rebate is for $50 it's worth the trouble to back-up your claim.

In short, the above advice is extremely useful on informing you how to correctly invest your dollars while safeguarding your expected financial return. To take your funds to the next level, invest in something more lucrative, search keywords under "going public", "merger company" or "merger companies" and consult an expert.

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