Consumers are drawn to digital coupons, loyalty reward programs and cashback offers as they can save significant amounts off their total purchase.
Combining gift cards with digital coupons provides consumers with additional savings. Doing this effectively converts an e-gift card into a mobile coupon – or, as PromotionPod puts it, “a merger of e-gift cards and coupons”. Here’s how.
1. Look for Sale Items
Gift cards can be purchased for their face value and have an immediate monetary value, while coupons offer promotional incentives and discounts that vary in scope and applicability. Gift card balances may be used repeatedly until their full value has been depleted while coupons usually only allow single purchases within specific product categories.
Explore discount gift cards and combine them with digital coupons or sales and promotions for maximum savings. Home improvement stores such as Home Depot offer seasonal sales that provide extra value on tools, appliances and products; gift cards allow you to take full advantage of such events by controlling spending by allocating set amounts with expiration dates that allow for precise budgeting.
Make the most of online retailers such as Raise or Gift Card Granny to find discounted gift cards which you can combine with coupon codes and sales for additional savings. Also search out cash back rebates like Ibotta and Checkout 51 that allow users to redeem discounted gift cards (like Ibotta or Checkout 51 ) as well as membership reward programs that provide gift card redemption options ( like Fetch Rewards and Shopkick ).
2. Check the Terms & Conditions
Gift cards can be an effective way to encourage customers to spend more money than they otherwise would, which benefits both your customers and you as a merchant. To prevent this from occurring, set limits for each coupon that can be used to buy gift cards or store credit; this will prevent customers from making multiple purchases of equal amounts that result in losses for your company.
3. Sign Up for Emails
Are you searching for ways to combine gift cards and digital coupons for even bigger savings? Look no further. Gift Cards as Coupons (GCs), an emerging industry trend, is becoming more and more popular due to their convenience and security features – with Microsoft Edge’s price tracking feature alerting users when prices change so they can make purchases at exactly the right moment.
Email can be an excellent channel to drive eGift card sales during holiday seasons, particularly with urgency-driven subject lines and product conversion offers like Kat Von D has done with their email campaigns to drive product conversions and sales of gift cards.
Smart Coupons, our all-in-one WooCommerce coupon solution, features a fully configurable gift card plugin to enable the sale and storage of electronic gift cards with any amount or store credit of any amount. For assistance in getting started with creating discounted gift cards please see our documentation Creating Discounted Gift Cards
4. Use a Cash-Back Credit Card
Combining gift cards with coupons and cashback portals is an effective way to maximize savings. Some credit cards also provide bonus rewards on certain types of purchases (such as 5% at wholesale clubs each quarter with the Chase Freedom card). It is crucial that you monitor your balances regularly in order to take full advantage of all opportunities for savings – many retailers provide instructions on the back or online about how you can check them.
Some budgeting styles also recommend prepaying certain categories with gift or prepaid cards such as restaurants or gas. This can help you stick to your budget and may encourage responsible financial management by eliminating temptation for overspending. Just be mindful of third-party sites selling discounted gift cards with expiry dates or restrictions; for maximum flexibility it is best to buy gift cards locally from retailers who sell multiple locations where these gift cards can be redeemed at.
5. Look for Promo Codes
Digital coupons (e-coupons) offer an innovative alternative to traditional discount vouchers, designed in a format that’s easily read and scanned on mobile devices. Distributing digital coupons through email, in-store promotions or social media can all be accomplished easily.
E-coupons can be an effective way to drive sales and build customer loyalty. Customers can easily purchase a gift card of their desired amount, select their recipient(s), add personal messages and have it instantly sent their way.
Honey or Capital One Shopping apps have become an invaluable resource for finding and redeeming online manufacturer and store coupons, saving customers both time and effort in doing so. Stashing coupon codes is another effective strategy – two digital ones on one item may even work, as long as it can be combined with physical coupons from manufacturers or stores.
6. Shop Online
Gift cards with digital coupons can help you save more when it comes to items. These cards contain predetermined amounts of money that can be spent at specific stores or restaurants, and may even be resold for more than what was initially paid – an excellent example of the “Buy Low, Sell High(er)” strategy!
Discounts are granted by numerous retailers via emails and texts or through incentives such as rewards programs, which only require the provision of a phone number or email address.
As a commonly known example, cashback offers which are redeemed during checkout are extremely beneficial in increasing savings potential and optimizing further savings. These offers are easily accessible through various websites and apps, and are guaranteed to provide additional savings opportunities.