This is an excellent summary.
I thought I'd add a couple of comments.
This varies tremendously by store. Some stores may offer the raincheck for as little as 30 days, others will honor them forever (like CVS).And to ensure the product is available in the future, rain checks are typically valid for up to one year from date of issuance.
Some stores will only honor the rain checks issued at their own particular location or store number, others will gladly honor a RC issued by another store in the same chain.hey may also check with different store locations within the same grocery chain: rain checks can be received at each store where the product is unavailable.
Some stores will accept a raincheck as valid only on the variety they were out of. So, if your raincheck is for Fat Free Ranch, you can only get Fat Free Ranch and not 2 cal French.Also, if a store is out of only one specific product or flavor, e.g., the store is out of Kraft Fat Free Ranch salad dressing, but other flavors are in stock, a rain check can be received for the Kraft salad dressing sale price.
This is especially helpful on perishable items like produce, eggs, yogurt, or bread. Often it is difficult to use 4 loaves of bread, or more than 2 dozen eggs in a week when they are BOGO free, but if you can manage to get a RC you really can stretch the sale and use it the following week when it is not on sale. I have picked up RC's on lots of produce items, so instead of getting "green" grapes that are yellow, the following week the grapes are much better quality and I get the better sale price.If items are not needed immediately, or a stockpile has already been purchased, save the rain check until it’s needed. Purchasing items later generally provides fresher product with a later expiration date.


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(updated 8/18)

