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Price Rewind Credit Cards

February 13th, 2018 at 03:34 pm

A client of mine who works outside the home only one day a week told me about a credit card feature that I have never heard about before: Price rewind. She has it on a Mastercard through Citibank, where she gets a 1% reward on purchase, another 1% on payment, and, if she can find an item she purchased for a lower price and uploads a picture of the lower priced item to the site, they refund her the difference between what she paid and what she COULD have paid elsewhere. It has been quite lucrative for her, although it does take time. I don't have the time to do anything like this, but I thought I would mention it for any of you who do have the time and haven't heard of this feature. If you google, you will find articles about this idea by NerdWallet and other frugal living bloggers.

3 Responses to “Price Rewind Credit Cards”

  1. MonkeyMama Says:

    It's easier than that. You can just select the item that you bought, and enter the price and date. They monitor for lower prices for something like 60 days. You don't have to do the price monitoring yourself. IF they find a better price, then you can upload a receipt. There is a small filing process to get the refund, but one time I had something like a $10 refund and they just sent it to me without me having to do anything to prove I made the purchase. I hadn't even asked for the refund. I figure they must have some de minimis amount that they automatically refund.

    I rarely get a refund because we are careful shoppers, but I have in the past. In 2017 I believe I received $0 back (though I submitted quite a few "60 day searches" to be sure), but the year before I did receive some price rewind refunds. I like to use that card for appliance shopping in particular. Then you can pay a higher retail price that includes free installation, but get the difference back from a more bargain/discount retail price that doesn't come with any perks.

  2. creditcardfree Says:

    Yep, we had that card at one point. I think I did get a few dollars back on some shoes I bought at Famous Footwear one year. I know I tried it for a television we bought our daughter at Best Buy, but apparently it never went lower than what I purchased it for. We no longer have the card.

  3. rob62521 Says:

    Sounds like a good deal if you can get it to work for you.

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