If you’re like most people, you’ll be making your gift returns in early January? But will it be too late? Our Super Saver, TCL Reporter Kelli Hanson, has the 4-1-1 on returning gifts, making exchanges and securing those gift cards.
Do you really need a receipt? Returns without a receipt usually result in a merchandise credit for the lowest recent sale price.
But according to Consumer Reports, Kohl’s has one of the best return policies. Its “hassle-free” return policy for all purchases has no time limit. Don’t have a receipt? The store can look up prior purchases. Kohl’s has one exception to returns – premium electronics must be returned within 30 days in original packaging. If purchased November 1 through December 25, you have until January 31, 2019, to return.
Consumer Reports says that Best Buy has one of the worst return policies out there. They have a 15-day window for returning most items. If you join Its My Best Buy Elite or My Best Buy Elite Plus Rewards Program, you’ll get 30-45 days. The store requires proof of purchase and has a 15% restocking fee on certain items, including drones and some digital cameras and lenses.
If you don’t know where the gift came from, download the shopsavvy app! Scanning a barcode could tell you where the item came from and its current price.
For the 12th year in a row, gift cards were one of the most requested gifts. If you got a few in your stocking, it’s important to protect your card. Some gift cards can be registered as credit cards on websites listed on the back of the card. You should also take photos of the front and back because some companies will replace lost or stolen cards if you can provide specifics.
If you don’t think you’ll use the gift card, sell it on www.raise.com. You can sell gift cards for cash at the price you choose and you get paid when the gift card sells. You can also buy gift cards on this site at a discount.