Saving receipts can be useful at tax time, certainly, but there are plenty of opportunities for the careful shopper to save money throughout the year. Retailers can throw a sale at any time, and if you’ve kept your receipt, you can usually visit the store to get the price difference refunded to you. However, if the store is too far out of your way or you can’t get to it in time, you may not be able to easily claim your refund.
Thankfully, many credit card companies understand this and have implemented a program to help you get those refunds and save money: Price Protection. Here’s how it works:
- Make sure you save your receipts. You’ll need them later.
- Keep an eye out for price drops on the items you’ve purchased. Generally, printed and internet (non-auction) prices will be honoured.
- Call the phone number for your credit card to get a claim form.
- Once you get the form, fill it out and send it in. You’ll typically need to include the advertisement and your receipt. (See? I told you it would come in handy.)
- Wait for your refund to be applied to your card.
Now obviously, the most important step here is #1 – if you don’t save your receipts, you can’t ever claim them later! You could store them in a shoebox or inside a big envelope somewhere, but what happens if something happens to them? Or even if they’re perfectly safe and sound, you might have a real problem sorting through the pile to find what you’re looking for.
Receiptron is the easiest way to save receipts online. There’s no app to download – you just take a picture of the receipt with your phone camera and email it to our specially-trained receipt-saving robots. They’ll sort and organize it for you for later. Email receipts can be forwarded along as well, so everything can be stored in the same place.