Wal-Mart Savings Catcher Program

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The Savings Catcher money savings app rolled out by Walmart U.S. in 2014 will undergo some changes starting Feb. 1, according to the retail giant who notified customers this week by email.

Wal-Mart said the cash rewards will automatically transfer to a Savings Catcher eGift card each time they are earned. There will no longer be the need to manually redeem the awards and consumers will no longer receive an email containing the barcode required to activate the funds, the retailer said. Wal-Mart said shoppers can let the Savings Catcher rewards accumulate in an eGift card to spend a later date if they so desire. The retailer caps the rewards at $599 per year per customer, and rewards can’t be carried over from year to year.

Wal-Mart is also scrapping the option consumers have to transfer their Savings Catcher funds to a BlueBird card as of Feb. 1. This option to transfer to the Bluebird card, Wal-Mart’s alternative banking service offering in conjunction with American Express, gave shoppers the option to spend their Savings Catcher rewards outside of Wal-Mart. The new changes will mean shoppers must spend their Savings Catcher rewards at Wal-Mart.   MORE

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