Wise Spend Hack: Check for Price Matching

Amanda Peterson

November 22, 2023  •  2 Minute Read

Money Saving Tips

Wise Spend Wednesday was created to help people spend wisely when shopping. This week we are jumping right into the holiday season. With that, our wise spend tip (or 'hack') is to check price matching!

Holiday shopping is a thrilling adventure; and one often overlooked strategy for maximizing savings is price matching. But what is it? This retail policy lets shoppers buy items at a lower price found elsewhere, making it a powerful tool to stay within budget without sacrificing quality. It's also a huge time saver, in that you could potentially have less places to stop during your holiday shopping trip. And, if you favor a certain store over another, it's a win-win for not only you, but also the retailer, as you're not shopping at their competition.

This week, CreditSoup.com has a handful of points to keep in mind while asking for a price match.

8 Key Points to Price Matching

Let's explore the benefits of price matching, touch on eligibility criteria and practical tips, and reveal how you can make this holiday season your most cost-effective yet. Here are 8 key points to focus on when approaching a price match.

#1. Understanding Price Matching Policies

Price matching is a consumer-friendly policy where retailers allow customers to purchase items at a competitor's price. It fosters healthy competition and gives consumers the upper hand in securing the best deals.

#2. Eligibility Criteria and Fine Print

Familiarize yourself with the eligibility criteria and fine print of price matching. Some stores may require identical items, so knowing the rules ensures a smooth experience.

#3. In-Store and Online Price Matching

Enjoy the flexibility of price matching for both in-store and online purchases. Retailers often offer this option for various shopping methods, catering to your preferences.

#4. Real-Time Price Matching

Tech-savvy shoppers can benefit from real-time price matching, where stores adjust prices instantly based on evidence of lower prices found in-store.

#5. Leveraging Technology for Comparison

Maximize benefits by using technology for quick price comparisons. Mobile apps and websites empower you to make informed decisions seamlessly.

#6. Approach with Politeness

A respectful approach to customer service increases the likelihood of a positive outcome when leveraging price matching. Politeness can turn negotiations into win-win situations.

#7. Stay Informed About Exclusions

Be aware of any exclusions or limitations to optimize the benefits of price matching. Knowing the details upfront saves time during shopping.

#8. Combine Price Matching with Other Discounts

Some retailers allow customers to combine price matching with other discounts, promotions, or loyalty rewards, enhancing overall savings.

In Summary

Consider price matching as a strategic ally this holiday season. Understand the policies, be polite when approaching customer service, and stay informed about exclusions. Price matching can make your holiday shopping not only budget-friendly but also a rewarding experience. Happy and savvy shopping!