TXviking wrote:I've been intrigued by the existence of the "price rewind" benefit, but I suspect it goes mostly underutilized as most people don't sit down and research their purchases potentially months AFTER having made them. That said, the category of automatic price rewinds is intriguing to me. Questions:
- Which automatic price rewind cards do people have, and how well do they work for you in practice?
- For those who use manual price rewind products, have you ever gotten anything substantial out of them? What's your strategy for finding deals? How much evidence do you have to submit (ie. is it cumbersome or relatively straightforward) and how many exclusions apply (sales, online deals, whatever?)
I have had very good results with Discover Price Protection (the equivalent of Citi's Price Rewind). It's similar to Citi's manual process. You submit via an online page (you have to call first to get a claim #) the ad with the lower price, receipt, date of purchase, date lower price was found, store where the item was purchased, store with the lower price and credit card statement. It seems like a lot at first hand but for me is very straightforward.
Regarding the exclusions, read, read, read and read some more, If you follow the rules very carefully
(big bold on very carefully), you will get positive results. I have gotten 13 approved price protection claims in the lifetime of my Discover it card (my card is less than 2 years old) for a total $267.70 in refunds. The biggest claim that I got approved was for $151.20. By the way, all my claims have been approved, not a single one denied (again, have to follow the rules carefully).