Credit Cards


Benefits for Credit-Card Purchases

If you’re a bargain addict (and who isn’t?), you get a rush watching a discount applied to your purchase price at the register. But if you can wait to get your fix, you could have the satisfaction of seeing your credit card balance reduced on your statement.

SEE ALSO: How to Pick the Best Credit Card for You

Card issuers are rolling out programs that offer automatic credits for purchases at select retailers. For instance, if you participate in Bank of America’s BankAmeriDeals, you’ll see a list of offers when you log in to your online debit or credit card account. Choose a deal, and at the end of the month, a cash-back credit of, say, 10% for your daily triple-shot grande latte at Starbucks appears on your statement.

American Express My Offers sends deal e-mails to cardholders who have Amex’s iPhone app. A recent offer: $25 back on a $100 purchase from the North Face. 

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Capital One Deals remove a step from the process: You can see what deals are available through your online account, but you don’t have to choose among them. A credit appears on your account after you make a qualifying purchase. One recent offer: $5 back on an item from Banana Republic.

Citi customers may see credits on their account statements for another reason. With the new Citi Price Rewind, you can register items that you bought with a Citi credit card. Citi then tracks the price of the items on retailers’ sites for 30 days from the purchase date. If the price falls by $25 or more, you may receive a refund of the difference, up to $250 per item and a total of $1,000 per year (some purchases, such as jewelry, food and airline tickets, are ineligible). Customers who find lower prices on their own may file a claim with Citi to get a refund.

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