Target has a slightly complex adjustment policy which we try to simplify for you. But, before that- what exactly is a Price Adjustment Policy?
What is a Price Adjustment Policy?
The Price Adjustment Policy (also called Price Protection Policy) is a widely used retail practice within the United States. The purpose of a Price Adjustment Policy is to ensure that customers are protected against dramatic price escalations or decreases.
A Price Protection Policy allows you to ask for a difference on an item that you’ve purchased earlier but is now cheaper. It follows a specific time frame that can last from anywhere between 14 days to a month.
For example, you buy a refrigerator for $900. However, after a week, you notice that the refrigerator is now available for $750. Under the Price Adjustment Policy, you can ask your sellers to give you a difference between the price earlier paid and the current cost.
Price adjustment is not a return policy. It only allows you to get a difference of the money-back due to a dramatic fluctuation in the price.
Target’s Price Adjustment Policy
Target’s Price Adjustment Policy follows a fourteen days limit. If you buy an item from Target but find the same item selling at less price at Target.com or select competitor’s stores, then you’re eligible for getting a difference.
Target requires you to provide proof of your purchase and evidence of the item selling for less within fourteen days of your purchase. They follow it up with system verifications. Following this, they will adjust your payments to fit the new prices.
Holiday Season Special
For this Holiday season, Target has increased their Price Adjustment period to over two months. The Holiday special starts on the 10th of October and will end on the 24th of December, 2021.
Within this time frame, if you come across an item selling for lower than what you had initially paid for it, you can directly ask for a payment adjustment.
Guidelines, Limitations, and Exclusions
Price Adjustment Policies are easy enough to understand. But what makes them complex are a bunch of limitations and exclusions. Let’s face it: none of us read terms and conditions with utmost care.
Here are the basic guidelines you need to know before you go to Target demanding a price adjustment.
Have Concrete Evidence: Carry your receipt of purchase and proof of lower prices with you. If Target fails to verify your claims, they will deny you a price adjustment for your purchase. The item needs to be Identical: It’s not just about the model number. Everything from size, weight, color, brand needs to be the same. It needs to be an exact replica of your purchase, only priced lower. In-store to In-store comparisons are invalid: So you buy a refrigerator for $900 at Target. But, two days later, you are browsing a physical store in the neighboring area and see an identical item available for $850. That price comparison will not be valid when you take it up with your target.
These are just the most prominent guidelines. Also note, that online price comparisons are not available for Hawaii and Alaska.
Apart from these guidelines, Target also provides various exceptions to their Price Adjustment Policy. Here is a summary of their exceptions in bulleted points.
Conclusion
Price Adjustment Policies are one of the few ways to protect consumer purchases. As a consumer knowing and utilizing such policies is a great way to give yourself more power.
Target’s price adjustment policy is not unique. However, they often release new schemes like the one which is currently active this holiday season. Keep yourself updated with their latest bulletin to gain some massive benefits! Make this holiday season yours.
Q1. What is valid proof when asking for a price adjustment?
A valid proof would be a copy of printed ads or online website prices.
Q2. What should I do in case of a pricing error on the website?
In case of a pricing error, your item will not be eligible for a price adjustment. You can contact Target to inform them of the discrepancy.
title: “Target Price Adjustment Policy” ShowToc: true date: “2022-12-21” author: “Amy Brafman”
Target has a slightly complex adjustment policy which we try to simplify for you. But, before that- what exactly is a Price Adjustment Policy?
What is a Price Adjustment Policy?
The Price Adjustment Policy (also called Price Protection Policy) is a widely used retail practice within the United States. The purpose of a Price Adjustment Policy is to ensure that customers are protected against dramatic price escalations or decreases.
A Price Protection Policy allows you to ask for a difference on an item that you’ve purchased earlier but is now cheaper. It follows a specific time frame that can last from anywhere between 14 days to a month.
For example, you buy a refrigerator for $900. However, after a week, you notice that the refrigerator is now available for $750. Under the Price Adjustment Policy, you can ask your sellers to give you a difference between the price earlier paid and the current cost.
Price adjustment is not a return policy. It only allows you to get a difference of the money-back due to a dramatic fluctuation in the price.
Target’s Price Adjustment Policy
Target’s Price Adjustment Policy follows a fourteen days limit. If you buy an item from Target but find the same item selling at less price at Target.com or select competitor’s stores, then you’re eligible for getting a difference.
Target requires you to provide proof of your purchase and evidence of the item selling for less within fourteen days of your purchase. They follow it up with system verifications. Following this, they will adjust your payments to fit the new prices.
Holiday Season Special
For this Holiday season, Target has increased their Price Adjustment period to over two months. The Holiday special starts on the 10th of October and will end on the 24th of December, 2021.
Within this time frame, if you come across an item selling for lower than what you had initially paid for it, you can directly ask for a payment adjustment.
Guidelines, Limitations, and Exclusions
Price Adjustment Policies are easy enough to understand. But what makes them complex are a bunch of limitations and exclusions. Let’s face it: none of us read terms and conditions with utmost care.
Here are the basic guidelines you need to know before you go to Target demanding a price adjustment.
Have Concrete Evidence: Carry your receipt of purchase and proof of lower prices with you. If Target fails to verify your claims, they will deny you a price adjustment for your purchase. The item needs to be Identical: It’s not just about the model number. Everything from size, weight, color, brand needs to be the same. It needs to be an exact replica of your purchase, only priced lower. In-store to In-store comparisons are invalid: So you buy a refrigerator for $900 at Target. But, two days later, you are browsing a physical store in the neighboring area and see an identical item available for $850. That price comparison will not be valid when you take it up with your target.
These are just the most prominent guidelines. Also note, that online price comparisons are not available for Hawaii and Alaska.
Apart from these guidelines, Target also provides various exceptions to their Price Adjustment Policy. Here is a summary of their exceptions in bulleted points.
Conclusion
Price Adjustment Policies are one of the few ways to protect consumer purchases. As a consumer knowing and utilizing such policies is a great way to give yourself more power.
Target’s price adjustment policy is not unique. However, they often release new schemes like the one which is currently active this holiday season. Keep yourself updated with their latest bulletin to gain some massive benefits! Make this holiday season yours.
Q1. What is valid proof when asking for a price adjustment?
A valid proof would be a copy of printed ads or online website prices.
Q2. What should I do in case of a pricing error on the website?
In case of a pricing error, your item will not be eligible for a price adjustment. You can contact Target to inform them of the discrepancy.
