Have Yourself A Merry Little Christmas…
As we near the Christmas season and you think about getting gifts for your loved ones, do yourself a favor and save money while you shop!
With a few simple clicks, you can earn cash back very quickly. Even better, this can be stacked with any other credit card offers you might already have.
Ebates is an online cash back portal that gives you anywhere from 1% to 20% back on your shopping expenses from hundreds of different stores. Sometimes, there are flash offers that give you an even higher percentage back. As soon as you sign up and shop through the portal, you will start to earn cash back, no strings attached! I know, it doesn’t seem to make any sense. How can it be that simple? I will admit that I am unclear about the economics behind the scenes. But what I do know is that I am saving money.
Here’s a real life example from my recent Black Friday shoe purchase.
Black Friday Shoes
Cole Haan was having a 50% Black Friday sale on a waterproof pair of boots. I thought $160 was already a fair price to pay on waterproof leather boots. At the same time, Ebates was having double cash back at Cole Haan for Black Friday - 10% instead of the 5% pictured below. So I went online to the Ebates website and clicked on the “Shop Now” link.
Clicking on the link brought me directly to the Cole Haan homepage, and I added the boots to my cart as I normally would. If I checked out then, I would have paid $160. Since I clicked through the Ebates website, I will get $16 of my money back. Ebates pays you by sending you a check every three months. This can either be a physical check, or you can get money instantly via PayPal. So my boots which were originally $320 were now $144 after I received my cash back.
But wait! I also happened to have an American Express offer for 3,000 points after spending $150 or more at Cole Haan.
At minimum, 3,000 Membership Rewards Points translate to $30. I will detail how I value points in a later post, but 3,000 points are worth at least $51 in my books.
So now while I would have originally spent $160, my actual total for my new shiny boots was $93. That is $16 back with Ebates, and $51 more back with American Express. I have to say I was very happy with my additional 41% savings.
Clearly, this is an example where I was able to maximize two different offers on Black Friday. You will not save this much every time, but I can guarantee you will save every time! Over the past year and a half, I have saved $269.
One of my friends, who travels regularly for work and gets reimbursed for his expenses, has saved over $3500 in two and a half years!
Sounds great right? But going through Ebates to get to another website sounds a little painful. Well, there’s a solution for that. Ebates has a cash back button that you can install on your browser. If you go to a website, the button will then alert you if there are any available cash back offers. Even better, the button also scans for any coupons you can apply to your order, and applies them without you having to do anything. There’s even a way for you to link your credit card to the App so you can earn cash back with in store purchases.
So what are you waiting for? In full disclosure, I do get a referral bonus if you sign up through my link. However, you will also get an extra $10 back for your first purchase over $25.
But even if you don’t use my link, I would still tell everyone to sign up anyway. Why would you not want free money?