Student Credit Card and Credit Education Blog

Not only can you use your card for buying new clothes or coffee, but you should absolutely keep in mind some of the other perks your student credit card offers you. American Express is known for offering a number of these benefits, including:

• Buyer’s Assurance Plan - This service extends your U.S. warranty by one year (as long as the initial warranty was less than five years). This is an excellent bonus, particularly if you have a 90 day warranty that’s extended a full year.
• Return Protection - Not happy with an item but you’ve already waited 30 days? With your AMEX card, you’ve got a total of 90 days to return your product.
• Car Rental Loss & Damage Insurance Plan - Everyone debates whether to buy the extended coverage offered by car rental companies. It’s rare that it’s actually used, so most perceive it as just additional profit for the Hertz of the world. This card benefit tells you to say “no” to the rental company and AMEX will provide “coverage against theft of or
  damage to most rental vehicles.” Yes, it’s a bit vague so you may want to research further before relying on it.

Other cards have additional of bonuses you may find useful. One benefit I read was used recently was with regards to the $200 price drop of the Apple iPhone. The credit card had a feature that provided pricematching up to 60 days after the original purchase. (AT&T, the retailer, was only 14) Since the iPhone was released less than two months ago, this decrease definitely qualified, so it was a nice $200 bonus for using the card. The Citi Diamonds Preferred Rewards card is one example of a card that does this. Check to see if yours does as well!