By Tali Arbel, AP Business Writer
If you make more money, you're more likely to mail in those pesky rebates that give you cash back on purchases, a survey says.
Which people haven't used rebates in the past year? Most commonly, those living in households that make less than $50,000 a year, says Consumer Reports.
The consumer organization's random telephone survey of 1,000 U.S. adults showed 70% of those surveyed said that they had, at least once, applied for a rebate in the past 12 months. Of those, 21% said they never got any cash back.
The most common reasons for not sending in for a rebate:
- Too many steps in process (52%)
- Monetary reward is too small (46%)
- Missed the deadline (42%)
Consumer Reports offers some tips on taking advantage of rebate programs:
- Send the application right after a purchase; don't wait until the deadline. That way, if the company says you made a mistake, you can correct it and resend it.
- The check back from the company may look like junk mail. Keep a sharp eye on your envelopes to make sure you don't toss it.
- Write down the latest date you would expect to receive your rebate.
The survey was taken in late May. The margin of error is 3.2 percentage points.
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