S&W's $549 M&P FPC 22 Now Comes With a Rebate
Smith & Wesson is running a rebate on the M&P FPC 22, its folding .22 Long Rifle carbine, and the offer stays open for roughly two and a half months. The rifle carries a $549 MSRP, which puts it at the high end for rimfire rifles. S&W launched the FPC 22 in summer 2025 as the rimfire version of its folding platform. The rebate changes the math for anyone who has been waiting on a price drop. Before you buy, confirm the rebate amount, eligibility rules, and submission deadline on the manufacturer's rebate page. Press coverage of the offer, including The Firearm Blog's write-up, may not reflect later changes to the terms.
Key Details
The facts that matter on this rifle are straightforward. Here is the spec sheet and offer terms as reported:
- Model: M&P FPC 22, chambered in .22 LR
- Launch: Summer 2025
- MSRP: $549
- Rebate window: About two and a half months
- Magazines: Three 20-round magazines included
- Folding design: The rifle folds in half for transport and storage
- Suppressor readiness: Listed as suppressor-ready
- Forend: M-LOK slots along the forend, plus a Picatinny rail on top
- Trigger: Flat-face trigger
- Grip: Switchable palm swell inserts
The source describes the rebate window two ways. One reference says the offer runs for the next few weeks. Another says two and a half months. Those timelines do not match, so treat the rebate page as the final word. The rifle itself is a rimfire take on S&W's standard FPC design, and it carries the same folding concept and accessory-friendly forend. The rebate applies to the FPC 22 specifically, not to the centerfire model. Confirm the model and the eligible retailers before you check out.
Background
Smith & Wesson built the M&P FPC 22 on the same idea as its centerfire folding carbine: a compact rifle that folds for storage and still carries modern rails and handguard real estate. Folding rifles have grown popular with people who want a long gun that fits in a vehicle, a bag, or a closet. Rimfire versions matter because .22 LR ammunition costs far less per round than centerfire ammunition, so the rifle becomes a cheap training platform. That is the core appeal of a .22 folder. Manufacturers also use rebates when they want to move inventory or lift sales during a slow stretch. A rebate does not change the MSRP. It lowers the net cost after a buyer submits paperwork, and the buyer carries the burden of filing on time. Shoppers should compare the post-rebate price against other rimfire rifles before deciding. The FPC 22 launched at a premium price, and this offer is S&W's direct response to that gap.
Why It Matters for Gun Owners
This rebate matters most to shooters who want a rimfire trainer that packs small. Apartment dwellers, campers, and anyone who travels with firearms will find the folding design useful. Buyers who want a suppressor-ready rifle should verify what that claim means in practice. Check whether the barrel ships threaded, ships with a thread protector, or requires an aftermarket solution. The federal $200 transfer tax on suppressors dropped to zero for transfers after January 1, 2026, under the 2025 reconciliation law, but the NFA paperwork and approval process still apply. Talk to your FFL before you start that process. Buyers in states with their own rules on folding stocks, barrel length, or accessories should check local law before they buy. Keep your receipt, the UPC, and the rebate confirmation. Missing one document can void the rebate. If you plan to buy the rifle, do the math on the net price after the rebate and compare it with the cost of a similar rimfire rifle at your local dealer.
DownRange Analysis
A rebate on a .22 rifle is not a Second Amendment story. No court has ruled on this product, and nothing about the rifle changes the legal landscape for buyers. The real question is value. At $549 MSRP, the FPC 22 has to justify its price with the folding frame, the rail and M-LOK real estate, and the trigger. Some shooters will pay for those features. Plenty of others will buy a plainer .22 and spend the difference on ammunition or a suppressor. If you want this rifle, buy it during the rebate window and file the paperwork the day you get home. If you do not want it, let the offer go and keep your money for training ammo. Either way, read the terms, keep your receipts, and verify the suppressor-ready claim before you put money down.
