Are you looking to save money? Today, nearly everyone is. You may have heard the frequent buzz words regarding CVS and Staples. Other than a cursory use at the checkout of your membership cards, you may not know what else to do with them. Why are they such a big deal? How do you maximize rewards ?
For starters, each card has multiple means to save. You should know the basics for saving success. They’ve been ranked as top non-credit cards means to save. And if you couple them with a rewards credit card, you’ll be able to do what is called “stacking” or adding your savings up in diverse means. One of the biggest mistakes people make is not using their store reward cards fully because they aren’t aware of the values available.
The second biggest blunder is not using a rewards credit card for necessary purchases. I was raised with the thought process that a credit card was for emergencies only. While that’s certainly a good use of a credit card, it’s not the best advice anymore. Most credit cards, particularly Discover, now offer points, cash back and extra savings on a regular basis. If you use your credit card only for emergencies, you’ll miss out on cash back for necessary purchases. The key of course, is to use your card within a budget and to pay the balance off each month. Use both credit cards and store reward cards and you’ll stack up those savings effortlessly.
CVS- Has a program called ExtraCare Rewards. Like most of these store reward programs, it’s free to sign up. You should also go online and make or attach your current card to an online account. By doing so, you’ll receive coupons and added savings via email or mail each month.
CVS has specials on the amount you’ve spent as well as products that give you extra points. In general, you earn about 2% back on most purchases. This is given quarterly in the way of reward money to be used online or in stores. You will also be able to check your upcoming rewards via your online account, like the one I’ve received below:
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Description |
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Balance Earned |
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End Date |
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Reward Details |
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SUMMER 2009 SPENDING |
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$177.74 |
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09/16/2009 |
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2% of your Summer 2009 Spend will be issued on October 1st. Rewards are redeemable in-store and online. |
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2009 FE – DEANS MILK |
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$1.00 |
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07/26/2009 |
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Redeemable in-store only. |
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Also, you’ll want to view the CVS website every Sunday or check out the savings in the Sunday paper. CVS has coupons online as well as in their Sunday circulars. Often these are quite different and you’ll save a bundle if you look both places for coupons.
You’ll also see notices that state, ECB (or ExtraCare Bucks). These are added coupons that print like cash, after you’ve bought the item.
Last week, for instance, 2% milk was on sale for $1.99, and had an added ExtraCare Buck at purchase. This meant, you paid $1.99, but got a dollar back in the way of these ECBs printed at the register, bringing the total cost down to only $.99 for a gallon of milk. I don’t know about you, but it’s been a long time since I’ve spent a buck for a gallon of milk. That’s savings, real savings.
Did you know more than half the people who get ECB’s forget to use them or discard them? The stores count on people doing so. They also bank on people making return visits to use their ECB’s on future purchases. It’s a fact that every time you enter a store, even with a list, you’re likely to add a few things and spend more. Make less trips and use ECB’s and you’ll really save.
Here’s how to beat the system:
Make a list of all items that carry ExtraCare Bucks you want to buy.
Make a separate list of those items that don’t carry ECB’s you but need or want.
Match coupons from manufacturers to as many products as possible. (Yes, CVS also takes coupons from other sources. Their registers are set to accept BOTH a manufacturers coupon AND a store coupon for EACH item) (whoot!)
At the register, have the employee ring up only those items that carry an ECB first.
Use your ExtraCare bucks and coupons to buy what else is in the cart.
Not only have you saved in cash, you’ve saved in gas for another trip and in impulse buying in future purchases.
Also, don’t forget that you do earn ECB’s for Prescriptions! You get one ExtraCare Buck for every TWO prescriptions. If you forget to use your ExtraCare Card at the time of purchase for prescription medicines, you can still take your receipts later into CVS and have these credited to your rewards. ECB’s for scripts are usually included in your quarterly rewards.
Tomorrow- Easy tips for using Staples Rewards!
Introduction