Sending in a mail-in rebate takes a lot of dedication: saving the box, cutting out the UPC code, filling out forms, finding a stamp/envelope/post office. And with more and more companies issuing rebate debit cards over checks, getting the money promised to you is now even tougher. Rebate cards, like some debit gift cards, have many hassles, including monthly fees, trouble splitting charges, or holding funds by authorizing a transaction for more than the cost. Consumers end up losing dollars that they just can't seem to extract out of the little plastic cage, which means your money just goes back to the company. I found this out when I received my first Verizon rebate card after I bought a new phone and took myself on a mini shopping spree. The first purchase went smoothly, but afterward, the rebate card kept getting declined; turns out I needed to know exactly how much was remaining on the card in order to use it. But did you know there's a way to make sure that you get all of the money that's rightfully yours? To find out what it is
As soon as you get your rebate card, convert it into cash. How? Many Visa gift or rebate cards can be brought in to a participating bank and cashed on the spot. In addition, some cards have an option to transfer your funds right into your bank account online. This is what I did with my newest Verizon rebate card, and although it involves a few tedious steps and the funds take about five business days to appear in your account, it's a surefire way to make sure you're not throwing away your money.
Source: Verizon Wireless