If you’re still having sticker shock thinking about how much you spent on gifts this holiday season, good news: there could be a way for you to get some of that money back.
If you bought gifts using a Citi credit card, your purchases could be eligible for Citi Price Rewind—a program that reimburses you if something you bought goes on sale later. This saves you the frustration of watching things you bought drop in price while you kick yourself for not waiting to make your purchase.
Citi says its cardmembers have received over $2.5 million in refunds between January and September 2015, thanks to Price Rewind.
Two months to register your purchases
Here’s how it works: once you buy something using your eligible Citi credit card, you’ve got 60 days to go to the Price Rewind site and register your purchase. Hold on to your receipt so you can enter the relevant information. Once you’ve done that, you’re done.
Citi will monitor the item for 60 days after the date you purchased it and notify you if it drops in price. You’ll then be able to request a refund equal to the difference between what you paid and the current price, up to $300 per item. If the amount is less than $25, you’ll receive the refund as a statement credit; if it’s over $25, you can request a check. Citi monitors 500 retailers, looking for current item prices.
Cardholders can get up to $1,200 per year back using Citi Price Rewind.
Cameras, shoes top the list of biggest refunds
Recent big-ticket refunds for Citi Price Rewind users include cameras, shoes, electronics and kitchen gadgets. Buyers of the Canon EOS Rebel SLI 18-55mm DSLR Camera Kit got a refund of $296.66, while fashionistas who purchased Valentino’s “Rockstud” pumps received a refund of $224.74. The Gold iPad Air 2 with Wi-Fi and 16GB of data storage scored shoppers a $100 refund, and the Cuisinart Dual Zone Wine Cellar was good for a refund of $99.02.
Folks can find out if their Citi card is eligible for Price Rewind and find out more about the program at citi.com/pricerewind.