Walmart recently announced it will discontinue its Savings Catcher program, a price-matching tool that refunds customers for any price difference between the big box retailer’s price and a competitor’s price for the same item.
The last eReceipt via the program will be processed on May 14.
Here's how the program works: First, shoppers scan their receipts. If a lower price is detected, the customer is then issued a Walmart gift card with the difference loaded to the card.
“Since the introduction of the program, we’ve worked hard to lower prices on thousands of everyday items across our stores, which has resulted in our prices winning the vast majority of the time when you submit receipts to Savings Catcher,” read a statement on Walmart’s website.
The company said in its online statement that since the program’s “intent has been met,” the matching tool has become obsolete.
Those with balances on their Savings Catcher eGift card have no limit on when they can spend their balances.
The response from customers leaned negative on Twitter, with many bemoaning what they consider crucial savings via the price match program.
For those interested in cashing in on their remaining Savings Catcher bucks, here’s how to do it:
You may spend your Savings Catcher eGift Card in-store or online.
- Use Walmart Pay to spend your Savings Catcher rewards dollars in your store. For an explanation of how you can use Walmart Pay in-store, see here.
- Your Savings Catcher eGift Card will be automatically populated to your Walmart.com account, once you earn rewards
- This eGift Card may be used when making a Walmart.com purchase.
- In step 3 of checkout when entering payment method, select "gift card" and apply your Savings Catcher eGift Card
The remaining balance will be paid via your selected credit or debit card.
Read more here.