Author Topic: Citi Price Rewind.  (Read 3607 times)

Rich M

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Citi Price Rewind.
« on: December 18, 2012, 09:48:21 PM »

On the surface, this sounds great.  You buy something and if the price goes down, you get the difference least that it what is says on the commercials.  The fundamental problem is YOU HAVE TO CONSUME.
But beyond that....

--The price has to go down more than $25 in a 30 day period.

--Citibank doesn't say what sites they use to monitor the prices---could be all retail.

--You have to make the claim.

--There are lots of exclusions.

This is very clever...having consumers place "puts bets" on the crap they buy! And the price of these bets is an increase spending by consumers by enticing them to use their Citibank card with lots more profit in the end for Citibank.  Plus, Citi is surely betting on buyers not paying the full balance and getting all that interest back.


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Re: Citi Price Rewind.
« Reply #1 on: December 19, 2012, 01:44:43 AM »
Not that useful.  You've always been able to do the old switcharoo - purchase new product.  Return new product with old receipt.  Citi only gives you 30 days, which is about par for return policies.  Moreover, many stores will simply handle this all for you and refund the price difference.