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Finances & Money • Taxes

A Fool and His Rebate Money…

May 15, 2008
By Cleverdude
- Leave a Comment

Now that the tax stimulus checks are mostly distributed, you can’t help but notice all of the companies out there trying to pry that money out of our hands. A lot of them are offering special incentives for doing so (for example, Sears is offering an additional 10% on any gift cards purchased).

While looking at all of the offers, I realized that we didn’t need anything from any of the stores offering a promotion. Then, we got a flier in the mail from grocery store chain, Kroger.  Basically, they’ll add 10% to a $300, $600, or $1200 Kroger gift card.

This one piqued my interested because we shop at Kroger.  I’m considering buying a $300 gift card to basically get $30 in free groceries. It seems like a good way to spend part of that money since we’d be spending it on a need — not a want.  And secondly, it’s an instant 10% return on our “investment”.

Is anyone else planning on taking advantage of any of these offers?  If so, which ones?

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About Cleverdude

Mike founded CleverDude.com in June 2006 while working as a technical analyst in the Washington, D.C. area. A Penn State graduate, he built the site as a side project alongside a white-collar career that included earning a master’s degree and multiple promotions.

In five years he wrote nearly 1,300 articles on personal finance and life lessons drawn from his own experience. The blog grew from a hobby into a recognized early voice in the personal-finance community and generated meaningful revenue. He sold the site in 2010, continued as a guest contributor through 2015, and returned in 2023 after further career advances, paying off his home, and extensive travel.

Reader Interactions

Comments

  1. devil says

    May 15, 2008 at 4:39 pm

    You sure seem to like the word “basically”.

    Good idea to get the Kroger gift card. We all need food and prices are obviously going up. I shopped this morning and was floored by how much bread has gone up. Just basic bread, no gourmet fancy stuff.

    Reply
  2. JW Thornhill says

    May 15, 2008 at 4:55 pm

    We are planning on applying it all towards paying off our debts. 🙂

    Reply
  3. Jim ~ mydebtblog.com says

    May 15, 2008 at 5:12 pm

    Well when the government starts handing out free money (if you pay taxes they’re giving it back) to people, companies can’t help but try to get it in their hands. I’d rather avoid tieing the money up in a gift card and just keep doing what I would normally be doing. You can get cash back on groceries if you use certain credit cards too, so why not do that? I’ll just avoid the risk.

    Reply
  4. Philip says

    May 16, 2008 at 9:24 am

    I am likely to go grab a card at Kroger, I am just trying to decide if I should make it 330 or 660, even though my rebate was only $579. Anyone can purchase up to 1320 in cards at the store.

    If you are a CC rebate user then you can purchase with that and get an extra 1+ percent on that too!

    Reply
  5. Todd says

    May 16, 2008 at 10:05 pm

    I too think the Kroger offer is worth a look, and I posted about it here:

    http://harvestingdollars.com/2008/05/07/save-money-on-groceries-at-kroger/

    The only watch-out for me is to make sure I only buy what I would normally purchase.

    I bought a $300 card, and I learned a few things in the process, including:
    1. you can purchase up to four cards per Kroger rewards card .
    2. The kroger person I spoke with said you can purchase a card of any amount. It doesn’t really have to be 300, 600, or 1200.

    Reply

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