How many times have you found that rebate you meant to fill out, but never got around to it while doing your spring-cleaning. Many people don’t even understand the concept of what rebates are. So if you are one of those people who find themselves asking, “What is a rebate,” don’t worry you aren’t alone. A rebate is a type of sales promotion that incentivizes consumers to purchase an item by giving a refund or return of the amount of money on the item that has already been paid for.
So, is it worth it?
Now that you have a better understanding of what that rebate you got on your new TV, camera or granola bar is, I bet you are wondering if it really is worth the time to fill out the rebate form then cut out the proof of purchase on the box just to go wait in line at your local post office? I say rebates are absolutely worth it. Sometimes manufacturers will give you the entire cost of the item back or even reward you with more than that!
Rebate Tips and Advice!
Grocery stores often give rebates on their rather more expensive items in their weekly coupon inserts in your local Sunday newspaper, as well as online. While organizing and putting all of your great coupons from Rewardit in your binder, place all of your old receipts in a pouch, envelope or other organizer instead of leaving them in your purse or jeans so you have them available for the next time you need to locate it for your rebates. Check out my article on organizing coupons for more information.
How to Protect Your Rebates
For your high-value rebates, it is important to always make a photocopy of the completed rebate as insurance because sometimes rebates can get lost or not show up. If you keep a list of all of your submitted rebates with your photocopy make sure to include the time that was estimated until you receive your update, in case it doesn’t show in that amount of time.