Best Buy Co., Inc. (BBY), Sears Holdings Corporation (SHLD): Is This the Biggest Scam in Retail?

Good news
The good news, though, is that in many cases at least you can get the same peace of mind from an extended warranty (even if you never get to use it) by simply buying with a credit card. Most products you buy, after all, come with a manufacturer’s warranty built right in. And depending on the card you use to buy an item, Mastercard Inc (NYSE:MA) or Visa Inc (NYSE:V) for example will often automatically double the length of any manufacturer’s warranty, adding as much as a year to your warranty period free of charge.

Even if most extended warranties aren’t worth the cost, a warranty awarded free by the manufacturer, or by your credit card company, most certainly is.

The article Is This the Biggest Scam in Retail? originally appeared on Fool.com and is written by Rich Smith.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends hhgregg, Inc. (NYSE:HGG) and Visa Inc (NYSE:V). It recommends and owns shares of Mastercard Inc (NYSE:MA).

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