Some stores offer price matching to retain customers. The idea is that if you find a lower price on the same item at a different store, the store with the guarantee will match that price. Therefore, you always get the lowest price. However, not all stores offer this service. Moreover, those that do often have limitations. Here’s what you should know about the CVS Price Match Guarantee and other guarantees and policies at this popular pharmacy store.
What Is CVS?
You’re probably already familiar with CVS, especially if you’re seeking information about the CVS Price Match Guarantee. However, if you’re not, it’s a pharmacy store. It’s similar to Walgreens or Rite Aid. People primarily go to these stores because of the pharmacy located there. They have a pharmacist on site, allowing you to pick up prescription medications.
Additionally, they have an extensive selection of over-the-counter medicine and health/ wellness products. Of course, they also carry other convenience, beauty, and home items. Primarily, though, they’re a pharmacy store.
What Is Price Matching?
If you’re not familiar with price matching, here’s how it works:
- A store offers a price match guarantee.
- You comparison shop for the items you’re going to buy by comparing prices at several different stores.
- If you find a lower price on an item at a store other than the one offering the guarantee, then you show it to the store offering the guarantee, and they match that lower price.
- You must ensure that the item is exactly the same in terms of brand, size, flavor, and other details.
- Additionally, there are usually other restrictions and limitations. For example, some stores only offer price matching for other stores within a certain mile radius of their locations.
Price matching can be a terrific way to save money while shopping at a single location. However, you also sometimes spend a lot of time trying to get deals that amount to only cents on the dollar. So, there are pros and cons to price matching. Nevertheless, it’s always good to know your options for saving money as you shop.
What Is The CVS Price Match Guarantee?
Each store has different rules about price matching. So, what is the CVS price match guarantee? Unfortunately for people who really love price matching, they don’t offer one. At least that makes it simple to know what the CVS price match guarantee is–it’s that they don’t do it!
Why Isn’t There a CVS Price Match Guarantee?
Stores offer this guarantee to let their customers know that they always get the best price at that store. As a general rule, CVS tries to match the marketplace in terms of competitive rates. So, why wouldn’t they offer a CVS price match guarantee?
According to QuerySprout, CVS sometimes prices their items at a slightly higher rate than their competitors. They can charge a premium because of two things:
- Convenience of their store locations
- Later store hours than many competitors
If you need medication or a last-minute item, you might be willing to pay more for a store that’s nearby and open whenever you need it. Sure, if you can order something online at a cheaper price or get it across town for much lower cost, then you might do that. However, if you need the item right now, you’re willing to pay a little bit more. Because this is one of the ways that CVS makes a profit, it doesn’t behoove them to offer price matching.
CVS May Still Have The Lowest Price on Certain Items
Just because they can charge that premium doesn’t mean their items are overpriced. In fact, in many cases, their items might have the lowest price compared to their competitors. Simply put, they don’t guarantee that the price of every item in the store is always lower than that of other stores.
Does CVS Match Its Own Prices?
Sometimes, when a store doesn’t offer price matching to other stores, it still provides same-company price matching. For example, a store with both online and brick-and-mortar locations might guarantee their online price matches the physical location. Another example is when a store offers to give you the lower price if you realize that an item you bought within the last week is now available for less at the same store.
Does CVS match its prices in this way? Unfortunately, they do not. For example, if you order CVS items for delivery, they may cost more than if you buy them in-store. The store states right in their FAQ, “Prices of products available for delivery may not always match local store prices.”
What Guarantees Does CVS Offer?
All stores offer various guarantees whether or not they offer price matching. For example, one of the CVS guarantees is that as long as you have a receipt, you are guaranteed a full refund on a CVS/ pharmacy store brand item for any reason.
How to Save Money at CVS
If you’re trying to find out about the CVS price match guarantee, it’s likely because you want to get the best price possible while shopping at this store. There are a few options at CVS:
Join The CVS ExtraCare Program.
The ExtraCare Program is a free CVS membership program with various financial benefits.
First, you get 2% back on purchases, which you can then use to reduce the cost of future purchases.
Additional perks include $3 off for your birthday, special personalized deals via email and text, and weekly coupons.
Other Ways to Save Money at CVS
Of course, you should use all the other smart savings tips you know to save money when shopping at CVS:
- Make use of coupons, including coupon apps for prescription medications.
- Shop the sales.
- Buy in bulk when that’s appropriate for your family.
- Shop with a list so that you don’t give in to impulse spending.
- Comparison shop on items you buy most frequently and purchase them at another store if they’re consistently cheaper there.
Smart shop, and you can get low prices at CVS without price matching.
Read More:
- 5 Downsides of Price Matching
- These 5 Stores Have the Best Price Match Guarantee
- Quick Tips on Grocery Price Matching
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