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All About Price Matching
One of the greatest tools available to a consumer is price matching. Whether it is for hotels or the latest iPad, there really is no reason to pay significantly more than everyone else just because you choose to shop at one store or another.
A few weeks ago I wrote about how you could use Staples price match policy to get the lowest price on an item and earn extra rewards. Why would you want to do that? Well Staples offers up to 5% back in rewards plus the Chase Ink cards offer 5X at Staples. Basically, why purchase that bluetooth headset at Walmart, when you could get the same price at Staples and earn much more in rewards?
RedLaser – A Great Price Comparison App
One of the greatest tools I have found for quick comparison shopping is an app called RedLaser. RedLaser works pretty simply. When you find something at a store you like, simply scan the barcode and it will find that same item across a number of merchants online. Several other apps have this same functionality, but I have found RedLaser does a better job at the price comparison.
It is also a handy app because you can store your loyalty program cards within it along with your favorite products. Again, this app isn’t completely unique (there are hundreds like it), but I find that it does the job better than all others I have used. It is fast, efficient and finds prices across just about every store including eBay. (I didn’t know this until I began writing this post, but apparently RedLaser is owned by eBay.)
Yesterday’s Price Match
I recently lost my bluetooth headphones and needed to replace them before my upcoming trip to Scandinavia. Because of ink recycling I always have a ton of Staples Rewards, so I figured this would be the perfect opportunity to burn some. After looking at their weekly ad, I noticed Staples had the LG Tone Pro headset for $69.99 “on sale”.
This headset is the newer version of my old one, so I figured it was a good match. When I arrived at the store, I was able to scan the barcode and quickly match the item to Amazon, where the black model (same as what Staples had), was selling for $44.02. (It is $44.44 right now.)
To use up my $60 in rewards, I picked up 8 boxes of tissues and laundry detergent and then headed to the register. After showing the cashier my phone with the Amazon price, she had a manager come over to override. The ~35% off price match took mere seconds and was incredibly easy. With tax, the total for the tissues, detergent and the headset was $3.23 after applying my rewards.
What Was the Real Price
So what was my real price? I earn Staples Rewards through ink recycling, so my price was much lower than $63.23. $40 of the $60 was earned through ink recycling. I have a lot of cartridges lying around and get $2 in credit for each one up to 20 per month. The other $20 was received on items I bought and resold at a break even rate. In other words, those $20 were basically “free”. In total, my all-in price was less than $5.
While there isn’t anything lifechanging within this post, I did want to mention how amazing RedLaser has been for me over the past couple of months. When normal people need household items and/or headsets they go and pay full price. When I need those items, I walk in to a store and walk out having paid almost nothing. Pretty good stuff and it frees up my money for travel and more.
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