(Updated 1/25/18) I’m a big fan of Walmart’s Savings Catcher app which allows you to scan your Wally World receipts and get money back if they find a lower price from local competitors. I was actually working on building my balance to $100 so I could buy a new Bluetooth speaker.
So I was a bit surprised yesterday when I got an email from Walmart telling me that my Savings Catcher balance was going to be forced into a Walmart eGift card soon. Here are the details…
When Will It Happen?
According to the notice, “We’ll be transferring your Savings Catcher rewards balance to an eGift Card between October 11 and October 31 – just in time for the holiday season. Your eGift Card can be used toward any Walmart purchase.”
They also call it “Great News!” which is hilarious. “Great News”, we’re forcing you to spend your Savings Catcher money in order to pad our Holiday season bottom-line.
You also have the option to redeem your Savings Catcher rewards via the American Express Blue Bird card by October 11th. After the 11th they’ll force an eGift Card on you.
So if you have a Savings Catcher balance, keep an eye out for an email with your eGift Card attached. It’ll have directions within on how to redeem the sucker.
I just got another email from Walmart and as of 2/01/18 your rewards will automatically be transferred to your Savings Catcher eGift card each time they’re earned.
Also, I thought this tidbit from the email was worth passing along: “You don’t have to immediately spend your rewards when they’re transferred to your eGift card. You can choose to accumulate them as desired – simply manage your eGift card settings in your account payments method.”
What Happens Moving Forward?
According to the email, everything returns to normal after they force the eGift Card on you. This is a one-time deal in theory.
But be warned, Walmart can pull out this trick whenever they want moving forward.
The bottom-line for me is that with all of the reward cards, loyalty cards, and gift cards already in my wallet I don’t need another thing forced upon me that I have to remember to use.
At least the eGift Card doesn’t expire or have any fees attached to it.
Ask the Reader: Do you use the Savings Catcher app regularly? If so, how much money have you accrued so far?
By Kyle James