Traveling? 7 Refunds You Didn’t Realize You Could Get

Traveling can be one of the most memorable experiences, but the expense of the adventure can quickly add up. Flights, accommodations, car rentals, dining and entertaining activities are among the most expensive aspects. Fortunately, there are some ways to save money on your travels by getting refunds, credits or vouchers for parts of the journey. However, many travelers need to be aware of the numerous opportunities available. This guide of seven traveling-related refunds explores some lesser-known ways to get your hard-earned cash back when you travel. Once you know what’s available, you can plan to take advantage of the opportunities (or inconveniences) as they arise.
1. International Tax Refunds on Purchases
Many countries charge a relatively high tax on purchases. For example, European countries have a value-added tax (VAT) of 21%. Sweden and parts of Brazil charge 25%. Purchasing $100 worth of souvenirs could cost you as much as $125 after taxes. Fortunately, you can get a tax refund on overseas purchases. However, you’ll need to know how the process works to ensure you take every step to receive the tax refund. Keep in mind that most tax refund programs require that you are a non-resident of the country you are visiting and have made purchases above a certain amount. Here are five steps:
Identify Participating Retailers
Stores typically display the tax-free shopping logo or ask the salesperson for assistance. Ask about any requirements, such as a minimum purchase amount, to be eligible for a refund. Ensure that your purchases meet this threshold to claim your money back.
Carry Your Passport When Shopping
While the common advice is to store your passport at the hotel safely, you’ll need to carry and present your passport at participating retailers to get started. Once you request the tax refund and present your passport, the retailer will print out the necessary proof of purchase to present at the airport before you leave the country, which includes your name and passport number.
Get to the Airport a Few Minutes Early
You’ll need to visit a couple of offices for your refund before your flight, so be sure to allow yourself enough time to process the refund. Review the receipts you were given — in many cases, you may need to fill out a short form on each receipt with your name, address and signature.
Get the Forms Stamped
Your first stop at the airport is at the customs desk. Besides showing the receipt and tax refund form, you may be asked to present your purchased goods for review, so wait to check your bags. The customs officer will stamp the forms, verifying your eligibility for a refund.
Visit the Refund Office
After customs stamp your forms, visit the tax refund office within the airport. Present your form and passport to complete the refund process. In some cases, you may be offered a cash refund on the spot, while others might provide the refund as a credit to your credit card or through another method.
2. Hotel Price Guarantees
Hotels often promise you’ll get the best available rate when booking directly with them. If you reserve a room directly with the hotel and then find a lower rate for the same room on another website, many hotels will refund you the difference or greater.
Keep in mind that the lower rate must be for the same room type, dates and conditions. Hotel price guarantees are a straightforward way to save money and ensure you’re getting the best deal on your accommodations but they could take time and effort to achieve. Fortunately, you don’t have to waste valuable time checking on your hotel’s rates — there are apps and websites such as Rebookey that will alert you of price drops.
3. Airfare Price Drops
Similar to hotel bookings, airline ticket prices tend to be unpredictable. Policies vary between airlines, but some carriers may refund the difference in fare or provide travel vouchers if the price of your ticket drops after you’ve purchased it. When booking, it’s worth checking with the airline to see if they have a price-drop policy, especially if you’re booking well in advance. You may be eligible for a refund or voucher.As with hotel-rate-tracking apps, there are airfare-tracking websites and apps that do the work for you, including:
Airfarewatchdog
Google Flights
Hopper
KAYAK
Skyscanner
4. Foreign Transaction Fees
When using your credit card abroad, you may incur foreign transaction fees, which can add up to an extra 3% to overseas purchases. One way to get a refund (with no work required) is to use the right credit card when traveling internationally. To save money, consider using a travel-friendly credit card that offers foreign transaction fee reimbursements as a perk.