Kohl’s just launched their Black Friday sales and amongst many of their many saving deals, you can purchase a ton of small 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. This is actually the same exact deal that they ran last year, where I personally purchased 22 items and donated them to an organization that helps those previously in homeless shelters get back on their feet with their own home.
Use a Kohl’s coupon code
There are 11 different Toastmaster small appliances available on sale for $18.99. With the 15% off code (THANKS), 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 — so a total of 55 small appliances if you’d like to go all in). 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 wait! You’ll want to make sure to go through a shopping portal first.
Use an online shopping portal
Although right now the shopping portals aren’t paying out as much as we saw last year, they could always increase as the week goes on. With that being said, the items could always sell out (which I assume will happen). Here are the best shopping portals to go through right now:
- TopCashBack: Offering 3% cash back on all Kohl’s purchases
- Rakuten (formerly known as Ebates): Offering 2% cash back on all Kohl’s purchases, but new members will receive a $40 bonus after their first purchase
With the 3% cash back from TopCashBack on the price paid prior to the rebate (which is $16.14), you’ll get back $0.48 per item, bringing the total price down to $1.66 per item.
If you are new to Rakuten though, you’ll end up better off by getting a percentage point less in cash back and getting the flat $40 bonus.
Use the best credit card
Let’s assume you are using a 2% cash back card, you’ll also earn the cash back on the $16.14 price paid. This will give you an extra $0.32 back her item. This will then bring your total price down to $1.34 per appliance.
Earn Kohl’s Cash
Now, if you go all in and purchase multiple items, you can get $15 in Kohl’s Cash for every $50 you spend. I personally find Kohl’s Cash incredibly easy to use and it is truly “free money” to use at Kohl’s on your next shopping trip. Kohls’ Cash can be used between Nov. 28 and Dec. 9, 2020.
On top of the $15 in Kohl’s cash, you’ll also earn 5% in Kohl’s Rewards by signing up to be a Kohl’s Rewards member. Balances are converted and issued in $5 increments on the first day of the following month and are valid for 30 days.
With both Kohl’s cash back Kohl’s Rewards, there are no brand exclusions and you can combine them today in a single purchase.
The math on going all in
Here is the math if you purchase 53 items (the math works best when you purchase in $50 increments). Just keep in mind that items will sell out quickly.
- Purchase price: 53 x ($18.99 – 15%) = $855.42 total price paid
- TopCashBack cash back = $25.66 (or Rakuten would be $17.11 + $40 for new members = $57.11)
- Credit card cash back (assuming 2% cash back card) = $17.11
- Visa gift card after rebate = $752 ($14 rebate for each 53 appliance)
- Kohl’s cash = $255 ($15 for every $50 spent)
- Kohl’s Rewards = $40 (really $42, but only given in $5 increments)
This means your cash outlay after all your cash back is $812.65 (for TopCashBack users) or $781.20 (for new Rakuten users). You’ll then receive $752 in Visa gift cards and $295 in Koh’s money. If you consider both as “cash” you are then ahead by at least $234! (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. Similar to last year, I will personally be donating the items. I found it extremely easy to find worthy organizations to donate it and spread the holiday cheer.
If you are going to take part in this deal, act soon as many items will start 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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