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Best Price Guarantee: another way to save

To the point Aside from points and miles... there's another way to save on everyday purchases: the merchant's best price guarantee. Example: The Source

Best Price Guarantee: another way to save

I’ve already told you about the best price guarantee for your hotel nights.

In this article, we will see the different policies applied in the shops… but also by the issuers of some credit cards!

Indeed, this is an advantage that is not necessarily highlighted… but some cards offer you the best price guarantee!

Best price guarantee policies in Canada

In order to facilitate the reading of the information and the comparison between the various businesses, I have grouped all this in the form of tables by category of business.

Caption:

  • Match or beat: businesses can either match or beat their competitor’s proposed price in several ways:
    1. Percentage of the price difference between the two prices
    2. Additional percentage discount on the best price
  • Duration: period of time from the time of your purchase to claim the best price guarantee
  • Online: the warranty applies to items that can be purchased online from the competitor
  • In-store: the warranty applies to items that can be purchased in-store from the competitor
  • Or get this: does the store allow for in-store warranty, online warranty or both.

You can click on the business name to go to the Best Price Guarantee conditions.

Appliances and furniture

Merchant Lines up or beats Duration Online In Store Where to get this?
Best Buy 10% (1) 30 days Yes Yes In store
Brick 10% (1) 30 days Yes Yes In store
Corbeil Yes 60 days Yes In store
Sleep 5% (1) Yes In store
Leon’s Yes 60 days Yes Yes In store
Sears Yes 30 days Yes Yes Both

Best price guarantees are pretty standard here, offering up to 10% on the price difference.

Electronics and office automation

Merchant Lines up or beats Duration Online In Store Where to get this?
Staples Yes 14 days Yes Yes In store
Computers Canada Yes 7-14 days Yes Yes Both
The Source Yes 30 days Yes Yes In store

Personally, I have dealt with Memory Express many times.

Not only for their best price guarantee with 10% of the difference refunded… but especially because they don’t charge QST on the products sold!

That is an additional saving of almost 10%!

Materials and construction

Merchant Lines up or beats Duration Online In Store Where to get this?
Canadian Tire 10% (2) Yes Yes In store
Home Depot 10% (2) 30 days Yes In store
Home Hardware Yes 30 days Yes In store
Rona Yes Yes In store
Reno Depot 15% (2) Yes In store

Here, the best price guarantees are even more interesting for some businesses that offer up to 15% off the competitor’s lowest price (not just the difference).

hd logo 200x200 en

home depot best price

So, it can be very interesting, especially for large purchases such as household appliances, to use the competition!

I have a friend – he will recognize himself 😉 – who has become an expert in this field: he has managed to save several thousand dollars on his appliance purchases thanks to the best price guarantee!

He had to go back and forth between Home Depot, Corbeil, the late Future Shop, Best Buy and Brick, but it was worth it for the money saved!

Credit card price protection

Some MasterCard credit cards – especially the “World Elite” line – offer “price protection”.

This is the case with the MBNA World Elite MasterCard, for example, as shown in one of its benefits below:

mbna world elite protection price

However, not all “World Elite” offer this benefit. Check with your issuer to see if your card offers this “price protection”.

I found a “Platinum” level card that also offers price protection. It is the CAA-Quebec Dollars Platinum Plus MasterCard:

CAA Quebec

Come to discuss that topic in our Facebook Group!

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