Monday, October 20, 2014

Does Walmart's Savings Catcher Actually Work?

I'm sure you've seen the commercials for the Walmart “Savings Catcher” program. You basically use the program to scan your Wal-Mart receipts and have Walmart determine if you  could have paid less elsewhere. If Wal-Mart finds a lower advertised price in your area for any of the items you bought, they give you the difference goes on a gift Wal-Mart gift card (that can only be used at Walmart, of course). But does the Wal-Mart Savings Catcher app actually work?

I've been using the app on my Samsung Galaxy S4 since October 1st and I've already gotten a little bit of money back. Out of six receipts, Wal-Mart has refunded back money to me on three of them for a total of $2.21 after about $250 spent. Eligible products are currently limited to only grocery and health & beauty items and receipts older than 7 days are ineligible.

So, based upon my own experience, I'd say that Walmart Savings Catcher is not a scam and might actually be worth trying. Look at this way: You’ve already spent the money; why not see if you can get any of it back? If you have any qualms about whether or not Wal-Mart is mining your data with the app, you might want to avoid using Savings Catcher, as I don't particularly know how they store your receipt data and how long they keep it.

Another thing worth mentioning is that American Express and Wal-Mart have entered into a partnership for the Savings Catcher app. American Express has a prepaid debit card called Bluebird which Walmart sells for $5. If you have a Bluebird card and choose to put your Savings Catcher reward onto it, American Express will match the refund Walmart gives you which, in effect, doubles your refund. You can connect your Bluebird card to the Wal-Mart app, which then creates a sub-account to your Bluebird called "Walmart Bucks." The next time you go to Walmart to make a purchase and use your Bluebird card, it'll automatically use whatever's in the sub-account first, and then use your main account for whatever's leftover. And before you run out to buy a Bluebird card, you need to know that if you already have an American Express Serve account, you won't be able to get a Bluebird card.

Personally, I'm not a fan of the Bluebird card, so I won't be using it. The American Express reward matching is good through February.

What do you think? Has the Wal-Mart Savings Catcher app worked for you? Do you think it's a scam? Do you think it's just not worth it? Would you be willing to buy a Bluebird card so that you can double your rewards? Sound off below and share your thoughts.

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