BoM March '14
- Aug 14, 2013
So happy I'm not the only one that shops like this! My wife thinks I'm nuts. (Unless, of course, I'm buying things for her)I’m considering the Newair CC-300, but haven’t pulled the trigger yet. I spent the last 15 minutes doing a bit of number crunching to figure out how much it would cost me. I would use a multi-step process including credit card rewards, shopping portals, discounted gift cards, and a best buy discount code to help ensure I got the best possible deal.
Step 1: Use a points-earning credit card (Chase Ink Plus) to buy discounted Best Buy e-gift cards from giftcards.com. They currently have a $200 gift card for $186.16 and a $164.31 gift card for $152.94. That would provide $364.31 in Best Buy gift cards for a cost of $339.10 (~7% savings) and net me 339 Chase Ultimate Reward points.
Step 2: Access bestbuy.com through the Discover Card deals portal for 5% cash back.
Step 3: Apply the discount code (smallkitchen20) to my cart to receive a 20% discount, bringing the cost of the Newair CC-300 to $335.99 ($356.15 for me including VA sales tax).
Step 4. Pay with the Best Buy e-gift cards, resulting in a remaining gift card balance of $8.16.
This would mean that this purchase would initially cost me $339.10 out of pocket and net me the following:
339 Chase Ultimate Rewards points (I personally value these at $0.02 per point)
$17.80 cash back from the Discover Card portal
$8.16 remaining gift card balance
335 Best Buy Reward Points (~$6)
If I subtract the cash back from the Discover Card portal and the remaining gift card balance, then my total “cost” for this item would be $313.14 and I would still have earned 332 Chase Ultimate Rewards Points (~$6) and 335 Best Buy Reward Points (~$6).
Please note that none of these discounts/methods are guaranteed and are only based upon my past experiences using similar techniques. The Discover Card portal states that you must use your Discover Card and not use promo codes to receive the cash back, but it has never been a problem for me. I may be able to reduce my costs a bit more if I gave it a little more thought.