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Hacking A Dell Monitor Purchase
The other day I brought you an example of stacking savings on everyday purchases. In that example, I was able to buy Home Depot gift cards at a discount and stack them with portal savings to save significant money on a necessary purchase.
Today I am going to show you how a little “outside of the box” thinking (not ninja tricks) saved me an additional 10% on an already deeply discounted monitor purchase from the Dell Outlet.
Through tomorrow, Dell Outlet has a coupon offering 33% off refurbished PCs, laptops, tablets & monitors (Use code: 3C2V?F4FN73Z04). It just so happens I am in the market for two 27″ monitors for my office. I am constantly doing about a thousand things and having the screen real estate is important to me.
I actually purchased two cheap AOC branded monitors from Staples about 10 days ago, but the colors are poor and I have decided to return them. In other words, this Dell Outlet deal came at a great time.
Finding the Monitor
Currently the Dell Outlet has the S2740L refurbished monitor for $245. After the very generous 33% discount, this comes to $164.15 plus tax or $354.89 for two. A great price for a very well reviewed monitor.
Just as I was about to pull the trigger, another deal caught my eye. Cashstar is offering a $50 Dell epromo gift card with the purchase of $400 in Dell gift cards. With my purchase total only being $354.89, this doesn’t quite work for me and I don’t generally like having merchant gift cards lying around.
Thankfully before I passed on the Cashstar deal, I had the idea to check gift card purchasers to see what they offer for Dell gift cards. I was pleasantly surprised to see that Giftcards.com offers 85.5% of the card’s face value. I knew at this point that I could save some money so I bit.
Unfortunately at the time I purchased the gift cards, I didn’t know that Dell.com doesn’t allow you to use two gift cards on a single purchase. At first I tried calling in, but all of the agents were really helpless, but finally I hopped on chat and was able to get the purchase completed.
- Initial Cost: $400
- Gift Cards Received: $450
- Balance left on gift card after monitor purchase ($450-$354.89): $95.11
- Money Received for selling gift card ($95.11 * .855): $81.32
- My Total cost ($400-$81.32): $318.68
- Additional Savings: $36.21
- Final cost per monitor: $159.34
So by purchasing the $400 gift card, getting the promotional gift card and then reselling back the balance, I saved an additional $36.21 or 10.2%. Considering these monitors sell for about $250 brand new, I think I did pretty well.
A Few Notes
The $50 promotional gift card is not resalable, so I made sure they drained that first and then put the balance on the $400 gift card. To ensure this was done properly, I didn’t give them the second card number until the $50 payment was processed from the first card.
Also, Giftcards.com has already verified everything and I have received confirmation that a check is in the mail. Had I been in possession of a physical gift card, I could have gone through a portal to Cardpool and earned an additional 4% cashback, but they don’t take e-gift cards.
One other interesting thing is that I manufactured a bit of spending here. Since I only spent $318.68 out of pocket, but charged $400 to a credit card, I generated $81.32 in MS. Finally, using gift cards to purchase electronics means that you don’t have the extended warranty and other purchase protection that a credit card may provide. I am okay with that, however it is something to consider.
In the end, this purchase wasn’t planned, but the combination of these spontaneous deals was another way I saved money today. So I ask you, was it too complicated? Was it worth it? Are posts like this of any interest to you? Let me know!
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