As part of Kohl’s Black Friday sale, you can purchase a ton of kitchen appliances at a huge discount. After applying the shopping portal cash back, rebate and Kohl’s cash you’ll receive, you will actually be MAKING MONEY.
There are 10 different Toastmaster appliances available on sale for $18.99. With the 15% off code (GIVETHANKS), that comes down to $16.14. There is then a rebate for all of these items offering $14 back in the form of a Visa gift card. (You purchase up to 5 items per product). That means you are looking at paying just $2.14 per items (plus tax). While this is not free on the surface (although pretty close), you can actually come out ahead.
You can check out all the items at Kohl’s site, but make sure to go through Rakuten first!
The online shopping portal Rakuten (formerly known as Ebates) is offering 6% cash back on all Kohl’s purchase. You’ll get the 6% cash back on the price paid prior to the rebate, which comes out to $0.96 per item, bringing your total price down to $1.18.
Let’s assume you are using a 2% cash back card, you’ll also earn the cash back on the $16.14 price paid, which will give you an extra $0.32 back per item. Now, bringing your total price down to $0.86 per appliance.
But, if you go all in and purchase multiple items, you can get $15 in Kohl’s cash for every $50 you spend. I find Kohl’s cash incredible easy to use and it truly is “free money” to use at Kohl’s on your next shopping trip.
The math on going all in
Here is the math if you purchase all 50 items. Just keep in mind that items are selling out quickly.
- Purchase price: 50 x ($18.99 – 15%) = $807 total price paid
- Rakuten cash back = -$48.42
- Credit card cash back (assuming 2% cash back card) = -$16.14
- Visa gift card after rebate = -$700
- Kohl’s cash = -$204
This means your cash outlay after all your cash back is $742.44. You’ll then receive $700 in Visa gift cards and $204 in Kohl’s cash. If you consider both as “cash” you are then ahead by $161! (Although this doesn’t take into consideration the tax paid based on your state).
You can then go ahead and keep the items, donate the items or resell the items. I personally will be donating the items as I have in the past. I personally didn’t buy 50 total, but this is what my cart looked like after purchasing 22 items. I paid a total of $377.30, but will get about $20 back from Rakuten, $7.50 back from my credit card, $308 in Visa gift cards and $105 in Kohl rewards. I personally consider Kohl’s cash to be the same as cash as I do purchase my kids clothes from there quite often. This means I am personally ahead by $63 and I have many items to donate to spread the holiday cheer.
If you are going to take part in this deal, act soon as many items are selling out. Ultimately, this is a great way to get some “free” items, meet credit card minimum spend, make money or do some good by donating items to those is need.
What is your strategy?
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