During the holidays many companies have promotional offers which provide an extra value if you order a certain amount in gift cards. Many of us only consider these options if we are already going to purchase holiday gift cards for someone at one of these establishments. Well, I see these promotional offers a little differently. I see them as money in the bank for myself. Let me explain …
I eat out at least once a month if not, once a week. I may grab lunch, a quick dinner or happy hour with a friend. So on average I will spend about $50 a month going to some of my favorite establishments. Although I try new places all of the time, I have some that I regularly frequent in rotation as well.
For instance Bloomin Brands restaurants offered a $20 bonus card if you purchased $100 in gift certificates. The Bloomin Brands include Bonefish, Outback, Carrabbas, Roys and Flemings. These are all chains in which I eat at least once a month. Each of these visits average $20. In purchasing $100 worth of gift cards, that covers my monthly outing for 5 months. By advancing myself the money, I also received a $20 bonus card which now equals 6 monthly outings which are paid for in advance.
I have now gained the advantage of for doing something I already would have done. I spent the same $100 but received $20.
Imagine using this strategy along with the holiday gift cards you are buying for others and you’re really able to amplify the reach of your spending budget while having a lot of bonus money to take you into the new year.
Although I listed the Bloomin Brands in my example, I also took advantage of similar offers at The Cheesecake Factory, Pei Wei, and Smokey Bones. This is just the list of certificates I purchased this year. I am sure you will develop your own list based on your personal favorites. Feel free to share them in the comments section below.
Happy Holidays, hopefully this tip was worthwhile for you this season and beyond.