Over dinner at my parents’ house recently my mother commented that a recurring charge appeared on her Mastercard statement every month for at least a year.
“I have no idea what it is,” she said. She had been checking her bills and was unsure about what to do.
I looked at the bill and sure enough, on the second of the month during all of 2013 mother was charged $9.95. When I did a bit more research, I found that the company charging the fee presents as a savings club, offering discount opportunities.
I’ve listed some of them below.
- Quarterly grocery rebates
- 20% savings on grocery gift cards from trusted vendors
- Pre-paid debit cards for trade-ins
- Discounts on auto maintenance at a variety of car repair franchises
- Up to $250 reimbursement on the deductible on your homeowners or renters insurance when an insured loss occurs.
Trouble is, the person who sold my mother this “membership” when she was buying a blouse at a well-known mid-range national department store, did so without telling my mother what she was really purchasing. My mother thought she was getting a $10 discount on the sale and on subsequent purchases at the store. Continue reading