My credit card co is helping b&m's

[Moonlitwish]

So I got one of those typically annoying emails from my credit card company to remind me of my card benefits. Turns out, they will reimburse me for the price difference of my purchase if I find a lower price on the product within 60 days. That includes any U.S. based online store. So now I don't have to worry about walking into my local vape shop and cringing at their prices. I get instant gratification sans shipping costs, my b&m stays profitable and I spend less. Check out your card benefits and see if your company offers something like this.


*~*moonlitwish*~*

 

[DavidOck]

Darn, hadn't thought of that! Will need to check mine

Great way to support a good local B&M AND get online prices!

 

[bussdriver]

I know it all sounds good, but there is the underlying question.............Who pays for that?

 

[DingerCPA]

I know it all sounds good, but there is the underlying question.............Who pays for that?

Heh heh heh, me, by paying the interest on my charge cards

You're welcome

 

[Moonlitwish]

I know it all sounds good, but there is the underlying question.............Who pays for that?

They are underwritten by an insurance company. So, technically the credit card company by paying their premiums and the insurance company by paying out any high value claims.


*~*moonlitwish*~*

 

[Moonlitwish]

Heh heh heh, me, by paying the interest on my charge cards

You're welcome

I pay mine off every month, so that's a non-issue for me. I have one of those reward points cards that I use to get gift cards to buy groceries. So vaping pays for my groceries!


*~*moonlitwish*~*

 

[retired1]

So I got one of those typically annoying emails from my credit card company to remind me of my card benefits. Turns out, they will reimburse me for the price difference of my purchase if I find a lower price on the product within 60 days. That includes any U.S. based online store. So now I don't have to worry about walking into my local vape shop and cringing at their prices. I get instant gratification sans shipping costs, my b&m stays profitable and I spend less. Check out your card benefits and see if your company offers something like this.


*~*moonlitwish*~*

Might want to read the fine print and see if that applies to tobacco and tobacco related products. Many financial institutions consider e-cigarettes to be tobacco products and won't cover (or outright deny) those kinds of purchases if discovered.

 

[bussdriver]

Lines of reasoning such as that are precisely the reason my number of credit cards is ZERO.

Carry on.

 

[Moonlitwish]

Might want to read the fine print and see if that applies to tobacco and tobacco related products. Many financial institutions consider e-cigarettes to be tobacco products and won't cover (or outright deny) those kinds of purchases if discovered.

Fine print read! Does not exclude tobacco products. Vehicles, boats, services, anything that requires a contract to receive the lower price is excluded. Of the more odd things, stuffed animals. And of course, fire arms and ammunition. Fine print was really short. Typically anything involving an insurance company goes on for pages.


*~*moonlitwish*~*

 

[crxess]

Just another

to keep card holders spending.

Got rid of all but 1 of mine, kept for any emergency.

 

[r77r7r]

If that is Citi- things may not be quite that simple, but let us know how it goes.

Citi® Credit Cards

( Stuffed AND mounted, not teddy bears- Taxidermy)

 

[Bad Ninja]

Might want to read the fine print and see if that applies to tobacco and tobacco related products. Many financial institutions consider e-cigarettes to be tobacco products and won't cover (or outright deny) those kinds of purchases if discovered.

I don't think so.
I've bought tons of cigarettes, cigars, and pipe tobacco with credit cards for decades.
Lots of us have.
I've never heard of a CC company denying legal tobacco purchases.

 

[jseah]

Fine print read! Does not exclude tobacco products. Vehicles, boats, services, anything that requires a contract to receive the lower price is excluded. Of the more odd things, stuffed animals. And of course, fire arms and ammunition. Fine print was really short. Typically anything involving an insurance company goes on for pages.


*~*moonlitwish*~*

Anything that requires a contract was added because of cell phones. That way you can't pay full retail for your phone (and avoid extending your contract) and then get the difference between full retail and the subsidized price (with contract extension) covered. Of course that is now sorta moot since the cell phone companies are doing away with contracts altogether.

 

[jseah]

I don't think so.
I've bought tons of cigarettes, cigars, and pipe tobacco with credit cards for decades.
Lots of us have.
I've never heard of a CC company denying legal tobacco purchases.

The fed and state governments got the credit card companies to stop accepting purchases online for cigarettes a number of years ago. Too many people were buying them online from sellers outside the US and therefore avoiding the federal and state taxes on tobacco.

 

[stevegmu]

My guess is nobody has or ever will be able to claim this and get reimbursed...

 

[Bad Ninja]

The fed and state governments got the credit card companies to stop accepting purchases online for cigarettes a number of years ago. Too many people were buying them online from sellers outside the US and therefore avoiding the federal and state taxes on tobacco.

The concern was age verification.
It didn't take.

I've bought hookah tobacco online as recently as 2012 with a CC ( not from overseas) both wholesale and retail.
All taxes were paid.

I agree with Steve though, if they can avoid losing money they will.

 

[Spencer87]

I had no Credit card. When Vaping, for me, its necessary. Otherwise, I wouldnt be able to Vape. well I would... but I would just be paying out the nose for 0 nic.... and clones for almsot the same price as orginals. 50$ for clone RDAs... haha. Japan for ya