When you are approved for a credit card, the card comes in the mail a few days later, along with a booklet that details all of the benefits of this card. Most people just throw away this brochure full of fine print, but as a credit card expert, my job is to actually read it.
One of the hidden gems that I have found in these books is the retail purchase protection and return protection policies that many cards offer. For example, the Citi® Diamond Preferred® Card, and several other Citi cards feature a retail purchase protection policy that covers purchases made with a Citi card against theft or damage, up to $1,000 for up to 90 days from the date of purchase. It actually covers up to $1,000 per incident and up to $25,000 per account, per year. [click to continue…]