Rebates - Bonus Or Rather A Rip Off?

Rebates have become increasingly common in the last few years on a lot of goods and definitely on electronic appliances and computers. Rebates of $20, $50 or $100 are not infrequent.

I've even seen items promoted as "free after rebate". Do these rebates come under the headline of "too good to be true"? Many of them do and there are "drawbacks" to look out for but if you are careful, rebates can help you get some decent deals.

The way a rebate operates is that you pay the listed amount for an item then mail in an application and the bar code to the company and they send you a rebate thus reducing the price of what you paid for the item except with a time delay of several weeks.

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

You can be fairly certain you will get the assured rebate from Best Buy, Amazon or Dell but you should possibly not count on receiving 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 depend on actually getting the refund.

Rule #2. Check rebate end dates.

Often items 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 needed to file for the rebate before you leave the retailer.

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

Rule #4. Backup 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 constantly and if the rebate is for $50 it's worth the bother to back-up your claim.

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