Costco New Member Discount Certificates

costexecHere is a promotional Costco membership certificate for prospective new members. You buy a certificate for full price on the promotional page and then bring it in to Costco to activate your membership. I have done this promotion in the past. You’ll then get a gift card in the mail:

  • Gold Star Members receive a $10 Costco Shop Card
  • Gold Star Executive Members receive a $20 Costco Shop Card

Costco has two membership tiers for consumers: Gold Star membership at $60/year and Executive membership at $120/year. Executive membership comes with a 2% cash rebate on purchases (now up to $1,000 in total rebates) as well as some other side benefits. That makes the breakeven point now $3,000 annually (averages out to $250 a month).

Here are some useful details from the fine print:

To qualify as a new member, an existing Costco membership must be expired for 18 months or more. Not valid for renewal of an existing Costco membership or an upgrade of an existing membership to an Executive Membership.

The Costco Shop Card will be mailed to the address provided at the time of new membership sign up at the Costco location. The Costco Shop Card will be mailed within 4 – 6 weeks.

After joining, you may consider applying for the Costco Anywhere Visa® Card by Citi.

New Safeway Gas Rewards Partners: Chevron, Texaco, Exxon, Mobil

Depending on your area, Chevron, Texaco, Exxon, and Mobil gas stations are new partners with Safeway’s gas rewards program (Exxon/Mobil link). This may be good news to those who shop at Safeway supermarkets but don’t have any nearby Safeway gas stations.

The gas rewards program works using their free Safeway Club card. For every $1 in purchases, you get a point. Every 100 points gets you 10¢ off per gallon on a single fill-up (25 gal max) at a participating Chevron, Texaco, or Safeway gas station. You can stack rewards for up to 20 cents off per gallon at a Chevron/Texaco, or up to $1.00 off per gallon at a Safeway/Exxon/Mobil gas station.

So if you spent $200 at Safeway/Von’s over time, you’d get 20 cents off a gallon. With a 15 gallon tank, that’s a $3.00 savings = a 1.5% rebate. Not bad, considering it doesn’t cost anything and you can still use your cashback credit cards to get additional rewards. Chevron’s regular gas prices may be higher than other places, of course.

Share Amazon Prime With Coworkers In Your Office

Many people enjoy the convenience of Amazon Prime, which for $79 a year gives you free 2-day shipping with no minimum purchase requirement, a decent streaming-video library, and a so-so Kindle book lending library. You may also know that you can share your shipping benefits with other people in your same household (with the ability to use multiple shipping addresses). At the same time, many people choose to get their stuff shipped to their workplace as one of those addresses. Amazon now explicitly allows you to share your shipping benefits with four other coworkers, which mean 5 coworkers can get free 2nd-day shipping by splitting $79 a year. See Share Your Amazon Prime Benefits:

Free or paid Amazon Prime members can share their shipping benefits with up to four additional family members living in the same household, or up to four coworkers. Other Amazon Prime membership benefits such as Prime Instant Video and the Kindle Owners’ Lending Library can’t be shared.

[…] Amazon Mom and Amazon Student members with Amazon Prime shipping benefits and customers receiving a free 30 days of Amazon Prime benefits with Kindle Fire won’t be able to share their benefits.

Only the primary owner gets the video streaming, but I think the shipping benefits are worth the most as Netflix only runs $7.99 a month with a bigger library. The only slightly hard part would perhaps be to collect payment, but really a free lunch per year should do it. Go make some friends! 🙂

Best Value for Citi ThankYou Points Redemptions

If you have a Citi credit card or a Citibank account from our partner Citi, with the ThankYou points rewards system, you have a wide array of options to redeem your points at ThankYou.com. But while that fancy coffeemaker may look nice, chances are the cash equivalent value for your points is quite poor. I’ve covered this in bits and pieces before, but here’s a complete guide to getting the most value out of your points.

Eligible ThankYou accounts (* are the ones I have linked to my account):

Option #1: Limited Time Offers

If you have either patience or luck, Citi does offer “sales” on gift card redemptions which can reduce the cost of a reward by up to 25%. For example, last month you could have gotten a $50 Home Depot gift card for 4,500 points. Normally, you’d need 5,000-6,000 points. That equates 1.11 cents in gift card value per point. Previous ThankYou point sales have involved gift card to other popular retailers like Wal-mart, Lowe’s, Kohl’s, Best Buy, Gap, and Macy’s. The regular price is usually 1 cent in gift card value per point.

Option #2: Student Loan & Mortgage Rebate Checks

You can redeem your points towards a “rebate” check towards either a student loan or mortgage. You can redeem in increments of $25 for 2,500 points, which equates to a full 1 cent cash per point. You must call them and provide them the name of your lending institution, and they will mail you a physical check written out directly to that lending institution (i.e. Chase Student Loans). You are then supposed to add in your account number or whatever else is necessary, and then send it on to your lender. Reader Chris shared that he has a workaround if your lender doesn’t take third-party checks:

I just have the check written out to my bank, Chase, and then write my checking account number in the memo space. I drop it in an ATM and they have always deposited it into my checking account just fine. I’ve been doing this for years with no problem. I would just apply the money myself to my auto-payments and keep my 0.25% rate reduction.

I didn’t want to send in a $100 check towards my mortgage, so I tried this method with my local bank as well and the ATM deposit worked for me without any issues. I did indeed use the money from that check to pay extra towards my mortgage. (Note: You can also make a donation to the Red Cross at the same ratio.)

Option #3: Book Travel and Pay with Points

You can also use your ThankYou points to book any flight and car rental through their Book Travel portal. It’s basically the same flights that are available at Expedia.com, but sometimes at a slight markup. For example, the exact same flight from Los Angeles to Las Vegas cost $101.42 at ThankYou.com and $97.80 at Expedia.
However, another flight on American Airlines from LAX-JFK was exactly the same price on both down to the penny. So while the official redemption rate is a full 1 cent per point, a potential slight markup may ding the conversion rate a bit. However, this is also a good way to use up all your points as you can split the payment exactly between cash and points. For example, a $100 ticket could be paid with 5,000 points + $50 or 1,234 points + $87.66.

Note: If you have the Citi PremierSM Card which does have an annual fee, you have the added option of redeeming your points directly towards travel with the special rate of 1 ThankYou point = 1.25 cents towards travel redeemed on the Citi Travel Center. For example, 10,000 ThankYou points could be redeemed for $125 towards travel. That tilts things in favor of the travel option.

Why Everything Else Is Worse. Here’s a quick rundown of the other redemptions that you might think is a good deal but doesn’t work out when you do the math.

  • Pay with points at Amazon.com: 0.80 cents per point
  • Citi Prepaid Visa card: 0.63-0.67 cents per point
  • Cash reward: 0.5 cents per point
  • Statement credit: 0.5 cents per point

Note: Citi ThankYou Point Tiered System. I should point out that Citi does a confusing thing where they don’t offer the same redemption options to everyone. It is my understanding that they separate credit cards into “standard” and “premium” cards. As long as you have one premium card as a “Sponsor account” linked to your pooled ThankYou point account, then you will get the preferred set of available options even if the rest of your cards are standard and all your points come from them. I don’t have enough data points to figure out the exact breakdown of which card is premium and which is not. For example, I believe the Citi ThankYou Preferred card is premium, but the Citi ThankYou card and Citi Forward cards are standard. But all three have no annual fee?! I’ve never had a problem with this, but if you only have the Citi Forward card you may have come across it.

“Disclaimer: This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program.”

Split by GroupMe: Collect Money From Groups – No Fee Promotion

GroupMe is a group-texting smartphone app with a new feature called Split which allows you to collect payments from groups via credit card (collecting rent from roommates, splitting a bar tab, chipping in for a friend’s birthday gift, etc.). The regular fee for this service will be 4% + $0.99, which covers credit card processing fees plus some profit for GroupMe. The cost for this convenience seems rather steep for regular use, other than maybe splitting a rare dinner bill when I don’t have cash.

However, until Tuesday, March 12th at 11:59PM CST, all fees are waived. Naturally, airline miles collectors love this and a few quickly decided to split a Ford Mustang between friends at $10,000 a pop. 😉 So the free offer was restricted to apply to the first split transaction up to $499 per person. I like trying things like this out, and it was still worth the 10 minutes to get 998 miles and also be able to satsify basically $1,000 of spending requirements on a few $500+ bonus credit cards (these, actually). Here’s how I did it with two smartphones (me and wife).

  1. Both Phone #1 and Phone #2 install the GroupMe app, linked to their respective phone numbers (must verify phone number via text message).
  2. #1 invites #2 into a group and starts a “Split”, let’s call it Paris Vacation Tickets, set to $499 per person.
  3. #2 joins group, and pays $499 with credit card (verify no fees).
  4. #1 started the split and so can’t pay themselves (bummer). You could involve a Phone #3 here, but instead you use your computer to visit the custom split link sent to you via e-mail (http://split.groupme.com/XXXXXX) and choose “Pay without can account.” #1 then pays $499 with their credit card (even if linked to same account). If more people wish to pay, you can also do with the custom link.
  5. Now that two people have paid (minimum required is two), #1 “collects” by entering their bank account information. $499 will be then charged to the two credit cards (again verify no fees with this promo), and confirmation is given that the $998 will be deposited into the bank account in 3-5 business days.

Groupon: Office Depot $10 for $20 Gift Card

Groupon is offering a $20 gift card to Office Depot for $10 (Update: sold out, boo). Valid “at any Office Depot location across the country, and for online purchases”. Also, the LivingSocial Sam’s Club membership deal has been extended for another day (previous post).

Remember that you can save even more with cashback shopping sites like eBates ($5 new customer bonus), Mr. Rebates ($5 bonus), and BigCrumbs.

Amazon Gift Card, Kindle Accessories Promotion

Amazon has a special Kindle promotion where if you buy a certain amount of Amazon gift cards, you’ll get up to 20% back towards qualifying Amazon Kindle accessories in the form of a promotion code (i.e. coupon code). The key here is that “Amazon.com Kindle Accessories Gift Cards” work exactly the same as any Amazon gift card. The offer page reaffirms that you can use them on “Kindle Accessories as well as millions of other items on Amazon.com“.

This is the same fact that allows people to buy Amazon Kindle gift cards at the grocery store for 6% cash back and use them online towards anything at Amazon.

Buy $50-$99.99, get back $10 via promo code
Buy $100-$499.99, get back $20 via promo code
Buy $500 or more, get back $100 via promo code

You must make your purchase by 3/14/13, and you’ll get the promo code by 4/1/13. The promo code is only good towards an unknown list of “qualifying Amazon Kindle accessories” which are sold directly by Amazon. If you already spend this much at Amazon and have a Kindle accessory you want in mind, then front-loading your purchases to get up to 20% back/$100 in “free” Kindle gear may be worth it. Make sure you spend exactly $50, $100, or $500.

Amazon Mom & Baby Promotions: $10 Off Diapers, Coupon Book

Amazon Mom is a program that has some nice perks for parents if you already pay for Amazon Prime at $79 a year (name is a little sexist, though ;)). The main draw is the 20% off diapers & wipes (5% Subscribe & Save discount + 15% Amazon Mom discount).

Right now, they have a new-member promo for $10 off your first pack of diapers when you sign up for a free 3-month trial. During the trial, you’ll also get the free 2nd-day shipping of Prime but not the video streaming or free Kindle book borrowing. Many people have reported problems stacking the $10 off with the 20% off Subscribe and Save discount, but others have reported success after either changing up the subscription periods or using Amazon’s Help chat feature to manually combine them. If you can stack them, it’s a good deal.

Also, I saw that they are offering a mysterious coupon book of “$100 value” when you buy a qualifying baby book. Has anyone gotten this coupon book yet and is it any good? We currently own the following books on their list (amongst others, we went book crazy):

Now I’m looking for a good baby sleep book. Any suggestions?

Sam’s Club Membership Discount – LivingSocial

(Update: Extended for an additional day. Also, if you use them, remember that you can save even more with cashback shopping sites like eBates ($5 new customer bonus), Mr. Rebates ($5 bonus), and BigCrumbs.)

LivingSocial has a special Sam’s Club membership deal where for $45 you can get:

  • 1-year Sam’s Club membership
  • $20 Sam’s Club gift card
  • $19.84 in food vouchers (free Artisan Fresh Rotisserie Chicken, 16″ Artisan Fresh Take-and-Bake Pizza, and two boxes of 6-, 12-, or 24-count Artisan Fresh Cookies)

Expires soon, over 25,000 purchased already. Valid at any Sam’s club location. New members only, which is defined as someone who does not have a currently valid membership. However, it appears that you can wait until June 8, 2013 to actually activate the voucher without losing any value.

Free $5 Gift Card for Joining Starbucks Rewards

Starbucks is offering a free $5 gift card for new members of their Starbucks Rewards program that register a Starbucks (gift) card. If you don’t have one, you can either buy one from a physical store or use their mobile app. Ends 3/15/13.

Indeed, the easiest way to get a free $5 gift card is to download their smartphone app (Android/iOS) and sign up for a new account via the app. When asked to register a card, choose to “Get a Mobile Starbucks Card”. You may need to wait a few minutes, but the card should eventually get credited with $5 without having to load it with your own money. Free caffeine, good for at least two iced coffees with milk per person! 🙂

LivingSocial: 20% Off Coupon Code 2/20-2/22

LivingSocial has a new promo code MYFEB which will get you 20% off almost any deal for $100 or less, local or nationwide. Look for “Redeem promo code” during checkout. Valid for first 10,000 uses. Must be used by February 22, 2013, 11:59 p.m. (Pacific Time). Fine print below:

[Read more…]

Links: How to Make Money in the New Share Economy

Forbes has an article about how the share economy is taking off. The primary focus is on AirBNB, which lets you rent out a room in your home with ease and last year booked around 15 million nights of stays. I’ve written about some of these sites before, and while I mostly forgot about them, some people are going quite well with them. “Almost anything you can buy new, you can also rent from a stranger.”

One person lives off of income generated by renting his house out whenever he can (while he cordons himself off to an unattached area). One person makes more money dog-sitting from home than working at Starbucks. One person rented his car out part-time for more than the monthly payments, so now he has three cars being rented out. Yet another drives his car around ridesharing every night and is basically a taxi service. These people may be the exception rather than the rule, but is it proof that the next generation of millennials really don’t care about ownership anymore? Is it better to just have access to whatever you need when you want it? Peer-to-peer everything!

Here’s an infographic from the print version of the article that lists sharing websites of all types from around the world, with the data source being Rachel Botsman of CollaborativeConsumption.com.

Here are links specifically dealing with sites that allow you to make money from your own stuff (US-focused only) – be it a room, a car, or your power tools:

  • Rent out rooms in your house (or your entire place): AirBNB, Roomorama
  • Rent out your parking space: ParkingPanda, JustPark, ParkCirca
  • Rent out your car: RelayRides, Turo
  • Drive around others in your car (rideshare, pseudo-taxi): Lyft, Sidecar, Uber
  • Pet sit / doggy daycare in your spare time: DogVacay, Rover