I’m going to start this story right in the middle of it all…in medias res. Mainly because the first part of the story is confusing and long, but also because I need to run out the door for a fifth grade picnic.
So, we need to buy a new refrigerator asap…but it’s not for us. The only requirement is that it needs to be counter-depth. So we’ve got some flexibility on brand, and where we purchase the fridge, but we need to do it quick.
This is the part where I feel like a squirrel that has stored up a nice stash of nuts for the winter. Over the past few weeks and months, I’ve mentally filed away hundreds of tips and tidbits about how to save money in certain situations – if I ever needed to. Now it’s time to put my knowledge into action. I love this part!
Lowe’s – I’ve been waiting for this moment.
While I’ve never shopped at Lowe’s before, I’ve wanted to for a long time. Mainly because it seems like they are always running lucrative, stackable promotions on appliances. This was my chance to find and use these promos myself! I was really excited.
In fact, I was able to save 57% off off my purchase…which in this case rang in at $695! I guess Lowe’s reputation as a great destination for deals on appliances is well-deserved.
Here’s how I did it.
Even if you don’t need an appliance right now, I encourage you to read this post and file it away for later. It could save you hundreds of dollars. 🙂
1. First, I shopped around on Craigslist. I did this to make sure that there weren’t any awesome deals posted, and also to get a baseline for what a good deal would be if I bought a fridge new (from an appliance store). The lowest price I found on Craigslist was $650, and that was for a used, five-year-old fridge.
2. Next, I went to the Sears Appliance Outlet. Lowest price here was $1400.
3. Armed with this information, I looked online at Lowe’s. They are currently having an appliance sale, so this was perfect timing. The lowest-priced fridge I found was $1,220.
5. I knew that Lowe’s gift cards were included in the awesome Safeway deal I wrote about yesterday. If we bought $1,220 worth of gift cards, that would earn us $240 in cash back to spend at Safeway. The way this works is that for each $50 gift card you buy, you earn $10 in cash back. Since we would need 24 gift cards, we would earn 24 x $10 = $240.
6. Another part of the Safeway deal is that you currently earn 4x gas rewards on gift card purchases. Each of these $50 transactions will earn 200 gas points, for a total of 4,800 points. Since 1,000 gas points = $1 off per gallon, these rewards are worth almost $50 to me (almost 5 fill-ups at $1 off per fill-up).
7. A third part of the Safeway deal is that you can use it in combination with the Amex sync “Supermarket Offer.” If you were targeted for this offer (check your Amex account to confirm!), you can get $10 back when you spend $50 at a supermarket. Since Josh and I each got this offer on one of our Amex cards, this will give us a total of $60 cash back for purchasing 6 Lowe’s cards.
9. I stacked a Lowe’s coupon good for 10% off onto the purchase. You can find these at the Post Office in the “moving” packets they hand out when you change your address, or you can sign up for one online here. This coupon saved us $120!
10. I went through the Chase Ultimate Rewards portal to get 5x points on the purchase, for a total of 6,000 Ultimate Rewards points. These are worth at least $60 to me (probably more, but let’s go with that).
Add it up.
Here’s how all of these savings pencil out:
- $120 – Lowe’s Gift card
- $240 – Safeway cash
- $50 – gas rewards
- $60 – Amex sync offer
- $45 – Amex 5% cash back
- $120 – Lowe’s 10% off coupon
- $60 – Chase Ultimate Rewards points
This is a total of $695 in cash and rewards! Since we can (and will) use all of the above, the savings on this refrigerator is HUGE for us.
I love finding deals like this! Have you found any great ones recently? Or can you also use this awesome deal at Lowe’s?