Holiday Price Match Guarantees Can Be a Win for Your Wallet

If you're shopping for the holidays, paying attention to deals is one way to save money. But there are other strategies you can use to maximize your savings. Many retailers offer generous price match policies around the holidays. These price match guarantees can give you more confidence and could help you get a bigger discount.

Find out why you should pay attention to the price match guarantees your favorite retailers offer this holiday season.

What is a price match guarantee?

With a price match guarantee, a retailer agrees to match a competitor's lower price on a given item. Some retailers match the prices of select competitors, while others will honor better prices found anywhere. Some retailers will also match their own lower pricing if the price of an item is later reduced after you buy it.

Usually, for a price match to be offered, the lower-priced item must be the same. That means it must be the same brand, model, style, color, and size. If you satisfy the terms of the price match policy, the retailer will offer you the lower price. If the policy covers previous purchases and you satisfy the terms, it will refund you the price difference.

If you love to get a great deal when you shop, reviewing the price match guarantees offered by your go-to stores is worthwhile. These policies are often more comprehensive during the holiday season, giving shoppers more time to request a price match.

If you ignore price match guarantees, you may spend more money than necessary as you shop this holiday season. But remember that to benefit from these policies, you'll need to research prices yourself. So it requires some extra work to ensure you get the best deal.

Feel more confident knowing that you're getting the best deal

With the popularity of shopping holidays like Black Friday and Cyber Monday, knowing when to pull the trigger on something you plan to buy can be challenging. Will the price offered on Black Friday be the lowest price of the season? Is this the best deal available across all retailers?

It's hard to know -- unless you can see the future. I'm guessing you wouldn't be reading this article if that were true. But if the retailer has a holiday price match policy, you can feel more confident knowing you won't pay more than you should.

If you qualify for a price match, take a screenshot of the lower price or get a copy of the sales flier with the pricing details and contact the retailer to have the price matched. If the price match policy covers prior purchases, contact the retailer to request a refund for the difference in price. Getting money refunded to your credit card, especially after buying an expensive item, can feel like a major win.

Maximize your savings when you shop

If you're still finishing your holiday shopping, you're not alone. But make sure you're using every strategy possible to maximize your savings. By taking a few extra minutes out of your day to check prices on your gift purchases, you could save more money. Every dollar saved can benefit your personal finances.