Do you own a TV? Or maybe you follow Walmart on any social media channel? Have you shopped therein the past few weeks and noticed a QR code added to the bottom of your receipt?
If so, you’ve probably heard of the Walmart Savings Catcher, a new tool that promises you’ll save even more money with the big bog retailer.
So what is the Savings Catcher?
It’s a tool that allows you to submit your recent — within one week — receipt to Walmart for comparison with advertised prices. At first, I thought it was just to compare with Walmart’s own circular to make sure you got the right price, but that’s not the case. Actually, Walmart compares with its local competitors to look for advertised prices that are lower.
And if there’s a difference? Walmart refunds you the money.
You can do this in multiple ways:
- Enter your receipt number on the Savings Catcher site
- Download the app for your mobile device and scan the QR code
You’ll sign in with your existing Walmart.com account. After submitting a receipt, you’ll get an email saying it’s been submitted and to wait a few days while Walmart makes the comparison. I’ve heard some people say that the commercials make it seem like it’s instant. It’s not, but that’s not a deal breaker in my mind.
In the app, you’ll see a list of local competitors right after you submit the receipt. My list was 27 strong, an it includes grocery stores, Target and others. One noticeable lack is Kwik Trip. If you know the gas station chain, then you know how awesome prices can be for certain grocery items.
You’ll get an email no matter what the result of the Savings Catcher is. The first time I used it, I actually saved $1.94. I’ve submitted receipts where they found no lower price from competitors. Strangely, two receipts came up invalid for no particular reason. I had to type them in when the codes wouldn’t scan, so it might be that I made a mistake. It would be nice if Walmart could check for a valid receipt number when you first submit it.
If you disagree with the results, you can contact Walmart through a general contact form, but I’m not sure it’s worth the hassle. Walmart will honor lower prices from other stores’ circulars if you bring in the ad, so that the would the better option if you wanted to price match more efficiently.
Once your Savings Catcher account has been credited, you have two cashout options. You can get the balance on a Walmart gift card, or you can apply for Walmarts Bluebird card, which is a type of banking account, to receive twice the amount credited to the card. I believe this method only allows you to spend it at Walmart, however.
I will opt for the gift card because it’s much safer.
Walmart Savings Catcher requires little effort on my part. I can literally scan the QR code in the car in the parking lot, so I will likely keep using it. A penny saved it a penny earned, right?