Cards + Coupons + Rebates = Maximum Savings

This is a guest post written by my friend Jon Lal, who is the founder of the coupons and cash back site BeFrugal.com, where shoppers who sign-up for a free cash back account can get a $10 sign-up bonus for a limited time. You can connect with Jon on Twitter @BeFrugal.

As a rewards credit card holder, you should consider yourself ahead of the game, but you may be missing out on additional savings. It’s possible to reap more benefits from most of your purchases without sacrificing the credit card rewards you are already earning. It’s fast, simple and best of all, it’s free.

Most of the items you currently buy can be purchased online. If you do not routinely make purchases online, consider the time and hassle it takes to drive to the store, walk through to select your items, stand in line and drive home. Shopping online is an efficient and less stressful way to make purchases while saving more money.

examples of rebates

Many retailers such as these you will not find in the credit card malls for online shopping

When you shop online, you can take advantage of online shopping cash back rewards in addition to the credit card rewards you currently earn. Like credit card earnings, with these programs you will receive a portion of the transactions you make. Your online shopping earnings are deposited into your account. When you are ready to cash in these earnings, you can get a check or Paypal deposit.

Just log into your online shopping cash back rewards account, click a link to your favorite store and shop as usual. Complete the check out process and pay with whichever credit card offers the best rewards for you. By taking this one extra step, you will earn rewards from your credit card and the cash back online shopping site!

An example of one source is the website I founded, BeFrugal.com, which offers an average of 5% Cash Back at 1600 online stores, including well known merchants such as Macy’s, Kohl’s, Target, Dell, and Amazon.com.

Earning two forms of rewards on the same transaction is great, but it’s possible to save even more using an online coupon. You can often use a promo code for a discount plus earn cash back while earning credit card rewards, all on the same transaction. Since many online shopping sites also offer free coupons, it only takes a quick search for an online promo code or free shipping code to get additional savings.

Advanced Auto example

Sites like BeFrugal.com have thousands of deals like this. Just search by store or category to find the best money-saving offer.

In under a minute with a few extra clicks, you can:

  1. score extra savings from a coupon code
  2. earn cash back from an online shopping program
  3. get your credit card rewards, too

They key is to conduct as many purchases online as possible (rather than at brick and mortar stores) to get the most savings.

My thoughts? It fills an important void for a couple of reasons. First of all, the credit card malls typically only have 200-400 merchants, while this site has over 1,600 participating. Secondly, instead of just being another coupon site, it stacks savings by giving the additional percentage rebate. Combine that with a good cash back card and it will add up fast.

 
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