7 ways to get refunds for retail price drops with no effort

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When you’re out doing your shopping, you’re always looking for the best price. But what if the best price automatically came to you — even days or weeks after your purchase online or in stores?

Welcome to the world of apps and services that relentlessly search for better prices on what you bought and make retailers pay you the difference!

RELATED: Should you register your new products?

Put money back in your pocket without lifting a finger!

You’re probably familiar with the claim most stores make that “we will not be undersold.” It’s a classic retail ploy to assure you that it’s fine to buy because if you find a lower price, the merchant will beat it — if you remember to go back to the store with your receipt and proof of a lower price, that is!

But for most people after they buy something, it’s out of sight and out of mind. Almost nobody still combs through the sales circulars looking for a lower price on something they bought last week, right?

That’s where the power of technology comes in.

Using specially developed algorithms, the following free services can put a little extra jingle in your pocket after your purchase.

Citi Price Rewind

Here’s a free service that’s available to all Citi cardholders! The savings start when you register the products you’ve purchased with your Citi card at CitiPriceRewind.com.

Once you registered your purchases, Citi then combs through millions of listings using proprietary software to look for better prices on your buys for 60 days after the date of purchase.

If they find a lower price, Citi will email you so you can request the price difference from the retailer. You can get up to $500 back per item, with a $2,500 limit per year.

Here’s how much this free service has paid out in recent months…

Unfortunately, the limits of what you can get back are changing effective July 29, 2018. From that date forward, your maximum refund per item will be capped at $200, and your annual maximum refund will be capped at $1,000.

Paribus

Paribus could be the next best thing to finding free money. Unlike Citi Price Rewind, this free service is open to anybody and you don’t even need to lift a finger to claim a refund if you’re told you’re eligible for one!

The money-refunding fun begins by connecting your inbox to Paribus so their Receipt Fetcher can identify your purchases. Any purchases it finds are then cross-referenced against a growing list of retailers that its proprietary software is compatible with.

If a lower price is found, Paribus automatically files a price adjustment claim on your behalf and you get to keep all of the savings.

There are no fees whatsoever with Paribus!

Here are the retailers Paribus currently works with:

Big-box retailers

  • Amazon
  • Costco
  • Kohl’s
  • Sears
  • Target
  • Walmart

Apparel

  • Anthropologie
  • Athleta
  • Banana Republic
  • Bloomingdale’s
  • Bonobos
  • Gap
  • J.Crew
  • L.L.Bean
  • Loft
  • Neiman Marcus
  • Nordstrom
  • Old Navy
  • Saks Fifth Avenue
  • Zappos

Housewares

  • Bed Bath & Beyond
  • Crate & Barrel
  • Home Depot
  • Overstock
  • Wayfair

Electronics and office supplies

  • Best Buy
  • Newegg
  • Office Depot
  • Staples

Sporting goods

  • REI

Swiggle

Here’s another contender that’s similar to Paribus and participates with 90+ retailers across Canada and the U.S.

However, Swiggle charges a 25% fee of whatever refund it is able to get for you.

Earny

Earny only works with a smaller amount of retailers than many of its competitors. There’s a 25% commission you have to pay out of whatever refunds the service gets for you.

Participating retailers include Amazon, Best Buy, Bloomingdale’s, Carter’s, Costco, the Gap Group (including Gap, Banana Republic, Old Navy, Athleta, and the factory stores) JCrew, Kohl’s, Macy’s, Newegg, Nike, Nordstrom, Overstock, Sears, Staples, Target, Walmart and Zappos.

Moolah

Moolah works with more than 120 stores. It charges 20% on all refunds it scores for you.

You can see the complete list of participating retailers here.

moolah refund status

Sift

Sift may be of more limited help than the other apps listed here because it’s only available to iOS users in the App Store. Sorry, Android people! On the plus side for Apple fans, there is no charge to use Sift.

Yapta

Have you heard of airfare envy? That’s when you buy a ticket and find the same itinerary for less money later on.

The good news is that there are a handful of airlines that will give you a voucher for the difference if you ask. These include Alaska, JetBlue, Southwest, United and others.

But unless you religiously follow airfares after you’ve made your purchase, you may not even know that you overpaid. That’s where Yapta.com comes in handy.

After completing the free registration and detailing your itinerary, Yapta will email you when your flight goes down in price and help you get a refund for the difference.

The average annual savings you’ll get is $334.16, according to Yapta’s website. The free service has saved members more than $250 million since launching in May 2007.

yapta airline refunds

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Theo Thimou About the author:
Theo has co-written several books with Clark Howard, including the #1 New York Times bestseller "Living Large in Lean Times."
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