The Most Overlooked Credit Card Perks in Your Wallet

 

  • Credit card perks are free benefits that may offer value beyond rewards, with features tied to travel, security, and everyday purchases.
  • Benefits such as purchase protection, fraud alerts, zero liability protection, and subscription credits for popular streaming services may reduce unexpected costs.
  • Taking time to review your card’s features or compare other options may help you make the most of your spending.

Many people use credit cards for purchases and reward points, but some of the most useful features aren’t always front and center. From price protection to cell phone coverage and streaming service credits, these perks may add up to meaningful value over time.

Knowing what’s available may help you get more out of your current card or make a smarter choice when selecting a new one. Here are some common, but often overlooked, credit card perks.

Fraud Protection

Security breaches and data theft are increasingly common, making fraud protection an important credit card perk. Many cards now include multiple safeguards to help protect cardholders’ finances and identity. This may include:

  • Zero liability protection: Cardholders are not held responsible for unauthorized purchases if their card is lost or stolen.
  • Real-time alerts: Cardholders receive immediate notifications of suspicious activity, allowing for prompt action.
  • Card lock feature: Cardholders may temporarily lock their card if it's misplaced. No new purchases, cash advances, or withdrawals can be made with the card while it is locked.

These protections are designed to minimize financial exposure and inconvenience in the case of loss, theft, or suspicious activity.  

Cell Phone Protection

Replacing a damaged or stolen cell phone can be costly. Some credit cards now offer cell phone protection when you use the card to pay the monthly mobile plan bill. While details vary among card issuers, in many cases, this perk will reimburse cardholders for the cost of repairs or replacement up to a certain limit per claim. Some also allow multiple claims per year, which may be ideal for households with more than one line on their plan.

Purchase Protection

Not every purchase goes as planned. Many credit cards offer purchase protection, reimbursing cardholders up to a set limit if an eligible item is lost, stolen, or damaged within a certain timeframe — typically 90 days. This credit card perk may also include stolen deliveries, also known as porch piracy.

Price Protection

It’s frustrating to buy something only to see it go on sale days later. Price protection helps cardholders make purchases with confidence. If an eligible item is purchased with the card and found advertised for less within a specified timeframe (often 60 days), the card issuer may offer reimbursement up to a specified limit.

Concierge Services

Some credit cards may also save time and help you enjoy a VIP experience. For example, they may offer concierge services that handle tasks such as:

  • Travel bookings: Finding and booking flights, hotel reservations, and car rentals.
  • Event planning: Assistance securing tickets for concerts, sporting events, or theater shows.
  • Restaurant reservations: Locating and booking tables at popular or hard-to-access venues.

Those who travel frequently and want additional convenience may find this credit card perk especially useful.  

Subscription Credits

Many people use their credit cards to pay for streaming services and subscription-based platforms. Depending on the card, this may earn you a discount or credit. For example, the PNC Spend WiseSM credit card offers digital subscription service credits for eligible purchases with Netflix®, Spotify®, and Disney Plus®.  Other cards may offer free trials for cardholders to sample music, video, or fitness streaming platforms.

APR Reduction Programs

Consistently making your credit card payments on time helps support your credit score. Some cards also offer a point reduction on the annual percentage rate (APR) after cardholders make a certain number of on-time payments and meet other stated conditions. This credit card perk may be beneficial for those who plan to carry a balance from one month to the next.

Extended Warranty

It’s common for stores and manufacturers to offer an extended warranty, particularly on high-ticket items. However, before opting in, it’s a good idea to check with your credit card issuer. Some cards automatically add extended coverage to eligible purchases. This may save money on major purchases, especially if the item fails shortly after the original warranty expires.

Travel Insurance

Whether you’re planning a weekend getaway or the vacation of a lifetime, unexpected circumstances can quickly derail plans and cause financial losses. Credit card travel benefits may help mitigate this by offering coverage such as:

  • Trip cancellation or interruption insurance: Reimbursement for non-refundable expenses if travel is canceled due to covered reasons.
  • Lost luggage reimbursement: Compensation for bags that are lost or delayed.
  • Travel accident insurance: Coverage for injury or accidental death while traveling.
  • Rental car insurance: Secondary or primary coverage for damages when renting a vehicle using the card.
  • Delayed trip benefits: Compensation for meals or lodging when flights or trains are delayed beyond a certain number of hours.
  • Hotel theft protection: Reimbursement for personal items stolen from your room when travel is booked with the card.
  • Emergency medical or dental coverage: May reimburse for urgent care needs while traveling.
  • Emergency evacuation services: Transport to the nearest qualified medical facility in case of serious illness or injury.
  • Travel and emergency assistance: Multilingual support lines may help coordinate care or travel services during emergencies.

In some cases, these credit card perks may reduce the need to purchase separate travel insurance, potentially saving money while offering valuable protection.

Other Travel Perks

Some credit cards offer additional travel-related benefits that add comfort and reduce out-of-pocket expenses. For example:

  • Rental car discounts: Lower rates or complimentary upgrades when booking through preferred partners.
  • Airport lounge access: Entry to designated lounges offering Wi-Fi, snacks, and a quieter space to relax.
  • No foreign transaction fees: Avoid extra charges on purchases made outside the United States.
  • Luxury hotel privileges: Upgrades, late checkout, or preferred guest status at participating properties.
  • Airport fee rebates: Potential reimbursement for incidental airline charges like checked bags or expedited security.
  • Recreational discounts: Some cards include offers for activities like golf, fitness, or local attractions.

These benefits may make travel smoother and more cost-effective, especially for frequent flyers.

Financial Protections

Your credit card may help support broader financial health by offering tools that assist with security and awareness. This may include:

  • Identity theft assistance: Resources to help monitor, detect, and respond to identity fraud.
  • Access to FICO® Scores: Free ongoing access to credit scores for better insight into your credit health.
  • Roadside assistance: 24/7 access to help with towing, tire changes, or jump starts, often on a pay-per-use basis.
  • Emergency card replacement: Expedited delivery of a replacement card, usually within 24 to 72 hours.
  • Emergency cash disbursement: Some issuers offer urgent wire transfers through services such as Western Union.

While you may not use these credit card perks often, they may offer added confidence and help cardholders stay on track with their finances.   

Choosing a Credit Card with the Right Perks

The most valuable credit card perks are often the ones that support your day-to-day habits and long-term financial goals. Reviewing your existing card’s benefits or comparing credit card offers may help you make the most of your purchases. Sometimes, a small change may lead to better protection, added convenience, or lower out-of-pocket costs.

Keep in mind that cards with more robust perks often require good to excellent credit.  If you’re exploring new options, check the credit requirements before applying. And if you don’t yet qualify, consider taking steps to improve your credit score.

Frequently Asked Questions

What are the best credit card perks?

The best perks are the ones that align with how you spend and what you value. Some cardholders may value travel protections or waived foreign transaction fees, while others may find more value in perks such as purchase protection, streaming service credits, or fraud alerts. The right perks typically help reduce your costs, offer added convenience, or support long-term financial goals.

How can I maximize my credit card perks?

Start by reading your card’s benefit guide. Many perks go unused because cardholders don’t know they exist. Pay attention to activation requirements, such as enrolling in shopping discounts or using the card for specific purchases. Also, track your spending to help make sure you’re using your card where it offers the most value.

Can credit card perks change over time?

Yes. Credit card issuers may update, add, or remove perks, sometimes with little notice. To stay informed, regularly review your card’s benefits and check the online account for any new offers.

How can I find a credit card with the best perks?

First, identify which perks are most desirable to you. Think about which benefits align with your spending habits, then compare credit card options from multiple issuers. Be sure to consider the card’s APR and annual fees along with the perks it offers. A card with the right combination of features may offer the best long-term value.