How much are Michelin tire rebates?
Get $80 via Reward Card or Virtual Prepaid Card after online submission* on purchases of four (4) new Michelin passenger or light truck tires. The Michelin Advantage Program is a free program with no annual fee and no tire purchase obligation.
How does a tire rebate work?
Tire rebates are offered by tire manufacturers as an incentive for customers to purchase their products. For tires, rebates are typically redeemed as a prepaid card or virtual card. Unlike a coupon or in-store deal, a tire rebate is granted after the purchase is made and proof of qualifications are met. A rebate is a partial refund of the purchase price of a product or service. It typically requires the buyer to pay the full price upfront, then submit a claim form with proof of purchase to receive a portion of the money back later.After purchasing, you will receive a rebate form via email or you can download the rebate form. After installation you can submit your rebate online or fill out and mail it in, along with a copy of your email confirmation or invoice or receipt.Some rebate programs offer several payout options to consumers, including a paper check, a prepaid card that can be spent immediately without a trip to the bank, or even as a PayPal payout.
What does a 5% rebate mean?
For example, if a customer receives a $50 rebate on a $1,000 purchase: Percent Rebate = ($50 / $1,000) × 100 = 5% This means the customer effectively received a 5% return on their original expenditure through the rebate program. Savings will vary depending on the expected claim rate, but in general, a rebate is more cost effective than a discount even at a claim rate of 90%.