If you are shopping, wouldn’t it be nice to get money back on your purchases? It sure is nice to not only get the lowest price possible, but to also get cash back. It feels great to know that you paid next to nothing! If you are not already doing this, then I’d like to share with you a strategy for not only paying the lowest price possible, but also getting money back on purchases. It is super easy to do. Whether shopping online or in-store, getting cash back means more savings! This is my technique:
I sign up with shopping portals. A shopping portal is a website that links to different merchants with the incentive of cash back % paid back to the consumer. Think of it as a website that is a giant online shopping mall. When you physically go to a mall, you go through one door, and inside are several stores. You then walk to the store where you want to purchase something, get what you need, then pay , and walk out. So instead of walking into the mall, you go online, and head to the website that is a shopping portal, and from there choose the store you want to buy something from. Shopping portals partner with retailers which entice consumers by offering cashback, miles or points or other type of rewards on your purchases. In addition to the offers from retailers, shopping portals will also offer specials of their own. For example, you can earn X amount of points or cashback for spending X amount of dollars. Here is an image from Swagubucks:
There are several shopping portals: Airlines, which offer miles, credit card companies, which offer points, cashback or gift cards, and individual websites. I usually use individual websites because I prefer cash back. Some of my favorite shopping portals are Topcashback.com, Mr. Rebates and Ebates Why? because these sites have the most stores, and tend to offer the highest amount of cashback for my shopping. Ibotta is also a shopping portal, but their cashback is not as high. However, sometimes they offer a bonus for shopping online, and when it does, it boosts your savings.
I use a credit card that offers cashback. There are several types of credit cards that offer cash back as well. But I have a couple of choices on what credit card I use. This is another strategy I use: If I am buying an item whose price may or will decrease in the future, then I use a Citibank credit card. Why? because this card has a program called Citi Price Rewind. The Price Rewind program gives you money back if the item you purchased goes on sale. All I have to do is register the purchase I made on the Citi Price Rewind website. The website searches several other websites for price differences, and if it finds one, it pays you back the difference! I can also opt to just use a credit card that gives me a higher percentage of cash back than the Citibank card if I think I am buying something at a rock bottom price. To learn more about the Price Rewind Program click here
UPDATE: Price Rewind will expire September 1, 2019. You have until then to enter a new claim.
This post is being published around the Christmas holiday. Usually the day after Christmas, prices drop. Specially prices on electronics. I am going to buy wireless headphones as a gift for someone, and I will be avoiding the holiday crowd at the stores by shopping online from the comfort of my couch. I saw the headphones I want at Best Buy so I will be heading to their website. Currently, there are no sales posted for the wireless headphones I want, but I know there will be. Instead of going directly to the Best Buy website, I log in to a shopping portal. Currently Ebates.com offers the highest rate cashback. So I will log on to ebates.com, and from there, search for Best Buy. The site will then show me how much cashback I can earn when I buy something at Best Buy, and I then click on ‘Shop Now’ link which will direct me to the Best Buy website. I simply shop as normal, and pay with my Citi credit card. That’s it! I will get cashback from shopping through the Ebates portal. Then I log on to pricerewind.com and register my purchase. After Christmas, the price of the headphones will drop, and I will get the price difference from the Citi credit card program. See how easy it is?
This saving strategy is fantastic to use, specially around any major holiday shopping events like – Black Friday, Christmas, White Sale – you name it. Give it a try!
Tip: TopCashback runs a lot of specials, offering freebies for new members. Click here to see their latest promotion and snag a freebie!
I am always looking for ways to save, and I love sharing my savings strategies! Subscribe and stay tuned for more!