I've had a CVS card for about two months. I tried to find out specific information about the Extra Bucks program on the CVS website, but found the available information to be unhelpful. From what I can tell from my personal use, the programs operates similar to a rebate except that you have to spend the rebate at CVS.
I look at the CVS ad each week but find very few things that are a genuine deal. Most of the time, the rebates bring the price of an item down to the prevailing sale price at other stores. As other posters indicated, the best deals are when you can combine the rebate with a good coupon, but I typically only find one or two of those a week (confining myself to only those items I would buy anyway). There is a CVS on my normal shopping route and I read sale ads anyway, so participation in the program is not much extra work for me. If there is not a CVS on your route, it probably isn't worth the trouble.
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