How to stack credit card and portal offers to save money on online shopping – Forbes Advisor

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The credit card offers discussed in this article are no longer available or have expired. Please check your Amex account for current offers.

“Never pay a high price” is advice we would all like to follow. While this isn’t always possible when shopping in-store, there are several ways you can avoid paying top dollar when shopping online. Best of all, you can usually stack these deals together so you can save even more.

Let’s walk through these tips for saving money. In doing so, I’m going to show you how I stacked the offers to buy a $ 570 laptop for less than $ 93 out of pocket.

Benefit from the advantages of the card

The first step in stacking is to determine what benefits your cards offer for purchases from a particular merchant.

American Express leads in this category. After signing up for the benefit, American Express cardholders’ Platinum Card® can earn up to $ 50 semi-annual statement credit for Saks Fifth Avenue purchases once you’ve signed up, up to $ 100 per year. This is in addition to other shopping benefits like the ShopRunner free delivery service (conditions apply). You can read our full review of The Platinum Card® from American Express here.

The American Express Business Platinum Card® provides a semi-annual credit of $ 200 for Dell purchases in the United States. This works out to up to $ 400 in statement credits each year. You will need to register for this benefit before you can use it. (Terms apply.) You can read our full review of the American Express Business Platinum Card® here.

Capitalize on promotions from card issuers

Three credit card issuers offer a discount program: the Amex offers, the Chase offers and the new Capital One offers. By signing up for an offer and making a qualifying purchase, you can earn cash back or bonus points on that purchase.

Amex offers

Perhaps the most well-known program is American Express’s Amex Offers program. Although the number of offers fluctuates, many cards offer up to 100 Amex offers at any given time. Offers can range from getting a small cash back award to earning thousands of bonus Membership Rewards points.

For my laptop purchase example, I was targeted for an Amex offer of 10% Cash Back on Dell purchases. This very generous offer gives targeted cardholders the opportunity to earn up to $ 1,500 in statement credits.

Simultaneously, I was targeted for an Amex offer for one additional Membership Rewards point per dollar spent on Dell purchases.

For those looking to make a Dell purchase now, check out if you’re targeted for an even better Amex deal for 4 additional membership rewards per dollar spent on Dell purchases.

Hunting offers

Apparently in response to the Amex offers, Chase launched the Chase offers in late 2018. As with the Amex offers, the offers you have vary from card to card. Although I have found dozens of offers on a card in the past, the number of offers has been reduced recently.

Capital One Offers

Not to be outdone, Capital One launched Capital One offers from April 2020. However, the program is still in beta testing and not all cardholders have access to it at this time.

Check Card Processor Offerings

In addition to the savings you can get directly from banks, Visa and Mastercard each offer a savings program for making purchases at partner merchants. These two programs are currently targeted for business cards.

Visa SavingsEdge

Visa’s business savings program is called Visa SavingsEdge. The program offers cash back rewards on a few dozen merchants. Previously viewed offers include 2% cash back on Chevron purchases, 5% cash back on OfficeFurniture.com, and up to 5% cash back on a variety of hotel merchants.

Easy Mastercard savings

Mastercard’s business savings program is called Easy Savings. By enrolling in the program, you will automatically earn cash back when you make purchases at Easy Savings Mastercard merchants. Currently, Easy Savings has a limited number of partner merchants with a strong focus on travel and car maintenance.

Bonus points or cash back through shopping portals

No matter how hard you try to find deals with your credit card, there is one final step you should take before making any online purchases: clicking on an online shopping portal.

As a general rule, you should never go directly to a merchant’s website when making a purchase. Instead, by simply taking an extra step to click on a shopping portal link, you can earn extra cash or points on top of what you earn with your credit card.

There are dozens of online shopping portals, and each may offer a different rate at any given time. In addition, prices may change from day to day. That’s why we recommend that you check CashbackMonitor for the latest payout rates. For example, here is an example of CashbackMonitor result for Dell purchases.

If you collect a certain type of miles for a redemption or promotion, you can always click on that airline’s portal. However, it’s worth checking out to see the other offers.

Also, don’t forget the power of banking and other reward points. If you have an Amex Membership Rewards credit card, the Visa® Rakuten Cash Back (formerly Ebates) credit card now allows you to earn Membership Rewards points instead of cash back. Best of all, if you own and use the Rakuten visa, you earn extra points for purchases made through the Rakuten portal.

Membership Rewards points are transferred to 19 different airlines and 3 hotel programs. Thus, by earning Membership Rewards points, you will have access to additional flexibility.

For example, let’s say that Delta’s shopping portal offers 2 SkyMiles per dollar spent and Rakuten offers 6 points per dollar spent. In this case, you will want to click on the Rakuten portal as membership rewards can be transferred to SkyMiles at a 1: 1 ratio.

Before making a purchase, check if the shopping portal offers a bonus for making purchases. For example, American Airlines’ AAdvantage eShopping portal recently offered a bonus of up to 2,020 bonus miles for four purchases of $ 50 or more. However, you had to sign up for the offer before your purchase was eligible.

Put it all together

With all of these tips and tricks in mind, let’s see how I bought a $ 570 Dell laptop for $ 93 out of my pocket.

My mom’s laptop was past its prime. So my wife and I figured we would use our Dell credits to gift her a new Dell Inspiron 5000 laptop for Mother’s Day. The specific version we selected costs $ 570 before discounts.

Each of us has an American Express Business Platinum. This meant that we were each able to get $ 200 in statement credits for Dell purchases. Fortunately, we could trigger our two statement credits in one purchase, as Dell allows purchases to be split between up to three payment methods.

After $ 35.89 in rebates and $ 37.39 in taxes, we charged $ 571.49 on our credit cards.

Before making the purchase, we each signed up for Amex offers that offered 10% cash back and 1 additional loyalty point per dollar spent. Fortunately, both offers were applied to the combined purchase price of $ 571.49, not the $ 171.49 after crediting the statement. With these offers, we got a combined rebate of $ 57.15 and 571 Bonus Membership Reward Points.

Although we made the purchase on May 1, it was not until May 12 that the transaction was posted to our American Express accounts. Make sure to keep this potential delay in mind if you want to take advantage of the $ 200 credits on the Dell statement before June 30, 2020.

The best payment on the shopping portal at the time we made the purchase was 4% cash back through TopCashback. The 4% cash back rate is applied to the purchase amount before taxes of $ 534. While it will be a few more weeks before the winnings are finalized, I should end up with $ 21.36 cashback from this purchase.

In total, we charged $ 571.49 on our credit cards. After $ 400 in Dell Purchase Statement Credits, $ 57.15 in Amex Offer Statement Credits, and $ 21.36 in TopCashback Earnings, we’ll end up paying only $ 92.98 out of pocket for this purchase. In addition, we have earned a total of 1,142 Membership Rewards points. At a valuation of 1.5 cents per point, that works out to about $ 17 in points.

Most will not have access to Dell statement credits for two Business Platinum cards. However, you can see the power of being able to stack deals to save on a purchase.

Get your own Dell statement credits

If you do not already have an American Express Business Platinum card, it currently offers the opportunity to earn 120,000 Membership Rewards® points after spending $ 15,000 on qualifying purchases with your card in the first 3 months of membership. à la carte.

While the card’s many travel benefits may not come in handy immediately, you can take advantage of up to $ 200 in statement credits for Dell purchases by making purchases of at least $ 200 by December 31, 2020. .

In addition, American Express offers up to $ 20 in statement credits per month on purchases made in the United States for courier, post and freight forwarding services and another $ 20 per month credit on their purchases. cell phone bills, valid only on monthly cordless phone purchases. service charge. This benefit is only available until December 31, 2020.

Between Dell credits and these additional monthly credits, you can earn up to $ 280 in statement credits between November 1 and December 31, 2020.

Final result

Before making an online purchase, check to see if you can use any offers to earn additional rewards or statement credits. Using portal bonuses, credit card offers, and statement credits, you might be surprised how little you end up paying for a product or service.

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