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Update 10/4/16: It looks like Kohl’s gift card purchases from the MPX app are NOT coding as department store as expected. Peeps in the comments say it didn’t work with their Chase Freedom cards.
It looks to also be true with Discover It. My purchase coded as “Misc. General Merchandise.” So I lost the 10% cashback and will get 2% cashback instead.
I haven’t heard of this happening before now, so I will gather new data points before I recommend this moving forward. Thanks to all who let me know!
I’m bummed about this, but at least we got the 1,500 United miles (worth ~$30) as consolation. Though I would’ve preferred the cashback.
Update 10/3/16: This deal has expired. I plan on writing about my experience with it – here’s how to keep up with the blog so you’ll get the updates!
Need a little rush this weekend? How about buying $600+ worth of appliances at Kohl’s?
Last year they had a similar appliance deal I didn’t take part in. But this year I did.
Now before you think I’m crazy (although it may be waaay too late for that), let me explain.
This is a moneymaker if you do it right!
Hat tip to Jill Cataldo for blogging about this and my friend Jas for turning me on to this deal!
In This Post
Build the deal
I feel like I say this every time I write about Kohl’s, but… it’s no secret I freaking love Kohl’s.
Right now, they have a lot of appliances on sale for $17, including:
- Toastmaster 2-Slice Toaster
- Toastmaster 15-oz. Mini Personal Blender
- Toastmaster Mini Electric Chopper
- Toastmaster 5-Cup Coffee Maker
- Toastmaster Electric Can Opener
- Toastmaster Electric Knife
- Toastmaster Hand Mixer
- Toastmaster 1.5 Quart Slow Cooker
In total, there are 8 kitchen appliances at the $17 price.
And, all of the items linked above are eligible for a $12 mail-in rebate. You get a Visa gift card with a limit of 5 per product.
That means if you buy 5 of all 8 items, you can get 40 X $12 back, or $480.
Right now, there’s also a 15% promo code: SMS1871. And it does work for these items.
When you add all of them to your cart and add the promotion code, the total is ~$625. You also get $110 in Kohl’s cash to spend next week.
Note that taxes in your state might be different than mine! In Texas, the taxes came to ~$48.
And, you must purchase the items by tomorrow, October 2nd, 2016, to qualify for the rebate (here’s the rebate form). Cheers to the weekend!
Stack stack stack
- Link: Discover It
Happy October! You know what that means! Q4 AKA department stores are a 5X category now.
If you have the Discover It card, you can get 5% cashback this quarter at department stores, including Kohl’s, on up to $1,500 in combined spending.
You can add another 5% cashback when you begin your shopping through the Discover Deals shopping portal.
That adds up to 10% back. Or, you’ll earn 20% back if you’re a new cardmember thanks to Discover’s generous cashback match. It’s deals like these that added up over ~$2,200 back for me last year.
I just got a new Discover It card, so I’ll get ~$125 back from this deal today.
- Link: Apply for Card Offers
If you have the Chase Freedom, you’ll also earn 5% cashback (5X Chase Ultimate Rewards points) at department stores this quarter, on up to $1,500 in combined spending.
For this deal, you’ll end up with over 3,000 Chase Ultimate Rewards points (~$30 cashback), again depending on your taxes.
Even better, you can still add-in a shopping portal. Cashback Monitor shows these current rates:
So it’s easy to add an extra 1,000 or 2,000 miles or some cashback to this deal, depending on which one you like.
Add MPX to the mix
I love the MileagePlus X app. Right now, you can earn 3X United miles at Kohl’s. You can purchase a gift card for up to $500 at a time.
I bought a $500 gift card and got an extra 1,875 United miles. Why not.
I got a 25% bonus because I have the Chase United Explorer card. But even if you don’t, I value 1,500 United miles at ~$30 (2 cents per mile).
And yes, both Discover and Visa cards code correctly through the app – the purchase will show up from Kohl’s and be coded as a department store.
Adding it all up
This is all a bit of a mind-bender, so let’s recap all the stacking for purchasing the maximum number of appliances with the $12 rebate.
- $480 back as Visa gift cards
- ~$125 from Discover It and Discover Deals portal OR
- ~3,000 Chase Ultimate Rewards points (~$30) and ~2,000 Alaska miles from the Alaska Airlines shopping portal (~$40)
- 15% off with promotion code SMS1871
- 1,500 United miles from a $500 gift card through MileagePlus X app (~$30)
- $110 back as Kohl’s Cash
- 300 Kohl’s Yes2You points (worth another $30)
So there’s two ways this can go: the Discover It route or the Chase Freedom route.
With Discover It, you end up with 480+125 + 30 + 140 = $775.
With Chase Freedom, you end up with 480 + 70 + 30 + 140 = $720.
Your appliances are free! And, you even come out ahead by ~$95 to ~$150. That’s a pretty great deal no matter how you slice it. And of course, if you go the Chase Freedom route, the 3,000 Chase Ultimate Rewards points can be worth more if you have another card that lets you transfer to travel partners: Sapphire Reserve, Sapphire Preferred, or Ink Plus.
Update: I already got my Kohl’s Cash via email.
But wait! There’s more
Free or really cheap kitchen appliances are great and all, but I don’t really need 40 boxes of stuff sitting around.
I might keep 1 or 2 items, and a couple to give away in a few months as Christmas presents, but I plan on reselling these items locally on Craigslist or similar. You may even have a local reselling page on Facebook. Or another site you want to use.
Assuming you can get $10 per appliance, which seems reasonable as they will be new in box, unopened, and retail for ~$30, that’s a profit of $400.
The key here is to sell them as a batch so you only have to deal with one transaction. Or maybe two.
Or, you can donate them to charity for the holiday season. You could even ask them for a donation slip to use as a tax write-off.
Yup, there sure are.
For one, you’ll have to deal with the rebate. And you’ll have to float the ~$625 or so until you get the gift cards in hand.
I plan on using them to pay bills on Plastiq, so I’m essentially running the money through my Discover It card to accomplish that end goal.
And, if you choose to resell these, you will have to list them and arrange payment and pickup. But like I said, if you can do it in one or two transactions locally, it shouldn’t be much of a time suck.
But the pros far outweigh the cons. This isn’t for everyone, but the way I see it is:
I spent 15 minutes buying this stuff. I’ll spend 15 minutes mailing the rebates in. And say 30 minutes for the reselling in hopefully one batch. That’s at least $500 for an hour of work.
That may sound idealistic, as this is my first foray into reselling, but I’m curious to see how it goes. And this is the perfect stackable deal for beginning. Because either way, you won’t lose anything between the rebates and all the stacking.
Free kitchen appliances! And, you get $110 in Kohl’s cash to turn around and use next week. So that’s more free presents, or free household stuff, or clothes, or whatever.
If you sold the items for $10 each, you’d come out ahead by $500, with $400 of that cash in your pocket.
I’ve never resold items like this, but this seems ultra low-risk as they end up being free anyway. So worst case scenario, you end up with a lot of stuff to give away or donate. Which isn’t a bad scenario at all, which is why I gave this a spin today.
The rebate T&Cs say you have to make your purchase by October 2nd, 2016. So if you don’t get around to it today, there’s always tomorrow. 😉
I personally look forward to the experience of spending the Kohl’s cash, getting the cashback from Discover, and trying out my first resale. Not to mention getting $480 back as gift cards.
Another HUGE note is that you don’t have to scale this all the way up. You can buy 5 or 7 and still come out ahead – and that’s even more low-risk than this. I just went full hog is all.
Will you take part in this? Or is it too much of a PITA to deal with? Any thoughts on stacking, scaling, or reselling are extremely welcomed!
Editorial Note: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.