This week I am going to talk about getting cash back at the king of retailing kings, Walmart. Walmart prides itself on having the lowest prices, day in and day out. Quality may be a different issue, but I am just going to focus on how you can trim your Walmart bill by another 5-10% after you are done shopping. First, let's discuss cash back rewards credit cards. Unfortunately, virtually all major credit card holders exclude Walmart from any special 5% cash back promotions. They refuse to categorize Walmart as a grocery store, or a clothing store, or an electronics store because it is all of the above, without really specializing in any of the above. One does get the default cash back of 1% or 2% for using the rewards credit cards, depending on the card you are using, but that is about the best that one can hope for.
Now, on the other hand, Walmart gift cards can routinely be purchased through Cardpool, Plastic Jungle or other gift card reseller sites for 3% discount. If one uses the cash back portal Bazando to reach the Plastic Jungle site, Bazando will pay you an additional 3% on your gift card purchases. Finally, pay for the gift card with your cash back credit cards to realize a bottom line savings of about 7%. Remember that this discount is after you have taken advantage of coupons, in store savings and the like. If you are purchasing from Walmart online, look for the eCode gift cards, as you do not need a physical gift card there, just the code to enter at checkout.
I bet you didn't know you were paying 7% too much every time you shopped there, did you?
OK, if you are ready to start saving an extra 7%, make sure that you are signed up at the gift card stores first. Sign up for the biggies, Plastic Jungle and Cardpool by clicking on the links here or at the right on my blog. Then sign up for the cash back portals, like Bazando mentioned here. (Click on the Bazando logo here and Bazando will give you $3 just for signing up!). If you prefer to use the Cardpool site, then use Mr. Rebates first to get an extra 1% by going through them to the Cardpool site. Then purchase your Walmart cards and check your mailbox a few days later. As a side note, discounted Walmart gift cards are obviously in high demand and short supply. The best time to find them is early in the morning or late at night. I always carry at least $200 worth of these with me for my shopping forays. Depending on your shopping needs, you may want to get more cards.
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