Credit Cards May Provide You With Some Hidden Benefits

ABC News' Gio Benitez uncovers some good news about that plastic charge card in your wallet.
2:34 | 01/21/15

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Transcript for Credit Cards May Provide You With Some Hidden Benefits
"Gma investigates" credit card perks. We've uncovered good thus. Your credit card may entitle you to benefits you do not know about that could save you money. Gio Benitez has our story. Reporter: High interest rate, late fees and hidden costs can make credit cards seem overwhelming but we uncovered some little-known advantages. The hidden rewards behind the card. Reporter: "Gma investigates" saving you big bucks with five perks that many credit card holders could put to good use with the help of Jason Oxman. First, guaranteed returns. The merchant says, no, I'm not going to give you your money back. You have backup. Reporter: The power of the credit card company. Some cards will fully refund your purchase if the store refuses. In most cases extending the return period 90 days. There are little pieces of glass sticking out. Reporter: Harry Campbell dropped his brand-new iPhone but was smart taking advantage of the second perk, cell phone replacement insurance. I had to go and get a notarized letter that said I didn't have any other form of insurance and they refunded my money. They cut me a check for $200. Reporter: Americans spend an estimated $1.6 billion every year on extended warranties. But with your credit card, guess what -- You've got an extended warranty. If you've used it and purchased a product that's covered, your credit card will extend it for perhaps another 90 days. Every card is different but the bottom line you have that extra protection. Reporter: Fourth tip, rental car insurance. Most cards offer some type of coverage but you have to be careful and read the fine print. Some programs will exclude rentals of particular types of cars or trucks 5 in some cases. Reporter: One last perk to check out, roadside assistance. You might already have it with your card. People right now may have that protection and they're paying extra fees for roadside assistance. That's absolutely right. Reporter: And have a flat tire, most people never think to call their credit card company. But they'll often send you help for free. Those credit card terps could be pages and pages but you can call the bank and get a one-pager. Your bank wants your business and wants you to understand the perks you get. Reporter: They can save you hundreds but keep in mind each bank can have different terms and conditions so check your card to see what might be available to you. For "Good morning America," gio Benitez, ABC news, New York. Did you guys know about the one-pager? No, I didn't. Good to know. Gio, always bringing us the great tips. Coming up here how to revive

This transcript has been automatically generated and may not be 100% accurate.

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