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Tips on Returning Holiday Gifts

News
Thursday, December 27, 2012 - 7:20am

Got a Christmas sweater that you can't use all year long? Or a gravy boat from Grandma when you've already received 3 similar ones? Here are some tips before you return some of those holiday gifts.

The return may seem like it should be a simple task, but with some items - there can be some strings attached. Especially among some of the most popular gifts of the season.

"Electronics are really tricky because there are restocking fees associated with electronics. They're popular gifts this time of year. Many retailers will charge you a little portion of the purchase prices, 15 percent, 20 percent, whether you've opened it or not," Jody Rohlena, Editor at Shop Smart Magazine says.

Consumer Reports recommends reviewing a retailers' return policy before heading to the mall, and keeping the following in mind:

- Gift receipts will make your transaction much easier

- Not all purchases made online can be returned at a brick-and-mortar store

- Some gift cards can't be returned, or won't amount to a cash refund

- Outlet items may NOT be returnable

And if an item comes with a free or bonus gift, that usually has to be returned, too.

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