Money making offer with Kohl’s small kitchen appliances: Keep, resell or donate


black friday
Hands of woman female adult with credit debit card and laptop making payment buying new goods with sale and discount on black friday holiday on red background with presents and black sale labels
This post may contain affiliate links from our advertising partners, such as American Express. Read my Advertiser Disclosure policy here. Additionally, some of the offers on this page may no longer be available through Deals We Like.

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.

Overall…

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?


$50 FREE MONEY DEAL:

SoFi Money is offering a $50 cash bonus for signing up for a new account and depositing $100. You’ll also receive an additional $50 bonus for every friend or family member you refer, up to $10,000. SoFi Money Review.

SoFi Money offers $50 bonus, no fees and 1.6% APY

SoFi Money Benefits: 

  • No account fees
  • ATM fees reimbursed worldwide
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

0 0 vote
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

9 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
debit
debit
1 year ago

Nice. Kohl’s should have just donated them itself considering all the money except credit card cashback is coming from their pocket.

Amol
1 year ago

Good stuff. Btw, Chase Freedom is 5x at Kohl’s this quarter (Department Store — it’s on the list).

Miles
Miles
8 days ago

Uh, sales tax?

Randy
Randy
7 days ago

What about using Kohl’s gift cards – purchased from Kroger? Would you still get Kohl’s Rewards, Kohl’s Cash, and rebate from Rakuten, or other cashback site? Or is it just on the cash portion?

Randy
Randy
7 days ago

Data point: Online in Richmond VA, I’m only showing five products at 8PM. Anyone else?

Marilyn B
Marilyn B
7 days ago
Reply to  Randy

Yes, same here in NYC ‘burbs. BF sales started at 12:01am CT (1:01am ET). I wanted a Ninja blender so I was online right at that time to get it. It was sold out when I checked earlier this afternoon. BF sales at Kohl’s go fast.

Randy
Randy
7 days ago
Reply to  Marilyn B

Tried again this morning (Monday) and more of the items were on the website. Trouble with the home delivery though.

Kathy
Kathy
7 days ago

USELESS! They send a prepaid debit card as a rebate and its impossible to liquidate.

Kathy
Kathy
5 days ago

Ok, i went online today and bought several of the small appliances with the $14 rebate. Can these all be mailed together, do I have to separate? Does anyone have the info on this? Thank you!

deals we like logo

 

BoardingArea

Pin It on Pinterest

9
0
Would love your thoughts, please comment.x
()
x