Posted by: nbaground on: January 25, 2010
Rebates have become increasingly common in the last few years on a lot of items and definitely on electronic devices and computer systems. Rebates of $20, $50 or $100 are usually not uncommon.
I've even found items promoted as "free after rebate". Do these rebates come under the headline of "too good to be true"? Some of them do and there are "drawbacks" to look for but if you are watchful, rebates will help you get some really good deals and offers.
The way a rebate operates is that you pay the listed amount for an item then mail in a form and the bar code to the vendor and they send you a reimbursement thus cutting down the cost of what you paid for the item except with a time delay of a number of weeks.
Rule #1. Rebates from trustworthy companies are usually just fine.
You can be fairly certain you will get the promised rebate from Best Buy, Amazon or Dell but you should most likely not count on obtaining one from a brand name you've pretty much never heard of. If you really want the product and are OK with having to pay the price listed then buy it but don't depend on actually getting the refund.
Rule #2. Check rebate end dates.
Many times merchandise will stay on the shelves of a store after the date for mailing in the rebate offer has expired so check that date carefully.
Rule #3. Be sure that you have all the forms needed to file for the rebate before you leave the retailer.
Rebates will almost always require a form to be filled out, a receipt for the money spent and a bar code.
Rule #4. Make a copy of your discount claim.
Make copies of anything you send in to get your rebate including the bar code. Items get lost in the mail constantly and if the rebate is for $50 it's worth the bother to back up your claim.
In sum, the above advice is extremely useful on instructing you how to wisely invest your dollars while maintaining your expected financial return. To take your funds to the next level, invest in something more financially rewarding, search listings under "going public", "merger company" or "merger companies" and turn to an expert.
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