Friday, January 30, 2015

Maximizing Kohl’s



My family likes Kohl’s. We especially like them because of how we can maximize the value of our spending there. As an example, we just bought $700 retail value for $410 plus 3600 UR points valued at $72. Put another way, we saved over 50% off of Kohl’s prices. Kohl’s prices are somewhat inflated, but saving 50% makes it worthwhile to do our shopping there. Here’s how we did it.

To start, I have the Kohl’s charge card. This allows me to receive special periodic sales of 15, 20 or 30% off. In addition, they will often have a special Kohl’s Cash offer where you earn $10 of Kohl’s cash for every $50 you spend. Kohl’s cash can be turned around and used to purchase more Kohl’s products. 

 

Next, they have a frequent shopper’s program called Kohl’s Rewards that earns $5 rewards for every $100 spent. 

 

Finally, I purchased four $100 Kohl’s gift cards from Staples.com using my Chase Ink Plus card.
 
 
Here’s all of the math.
In-store Purchase
+$300 – In-store purchase
- $90 – 30% discount coupon
=$210
-$200 Kohl’s gift cards
-$10 charged on Kohl’s charge card – required to use the savings coupon
+$40 Kohl’s Cash received
+$10 Kohl’s Rewards

Online Purchase
$400 – online purchase
-$120 – 30% discount coupon, Yes, I am allowed to use the same 30% coupon repeatedly until it expires
=$280
-$40 previous Kohl’s Cash received
-$30 electronic Kohl’s Cash received from splitting the online purchases in two
-$200 Kohl’s gift cards
-$10 Kohl’s Rewards redeemed

The final tally is $700 in Kohl’s merchandise for $410 cash out, and 3600 Chase UR points worth about $72. Plus we have another $20 in Kohl's Cash that we can use in the future.

Yep, our family definitely likes Kohl’s.