Each day Groupon features a daily deal on things you can do, see, eat, or buy in more than 500 markets and 44 countries. You purchase the discount as a voucher (or Groupon) and then use it before the expiration date. Discounts are usually significant – 50 to 90% off retail and the deals only last for a short time.
Even though it’s easy to grab those big savings, there are still more ways to save more using Groupon. Consider the following:
Always read the fine print. Make sure you read about any restrictions the Groupon offer has – such as expiration dates, where the Groupon has to be used, and if the Groupon can be combined with other discounts. Some Groupon vouchers can be given as gifts, but some are non-transferrable. Sometimes the Groupon depreciates in value over time, so make sure you shop accordingly. Read the fine print and you won’t be disappointed.
Don’t just look at the deals for your area. You would think that if you live in Minnesota, you’d just sign up for Minneapolis/St. Paul listings and start watching those Groupon offers come in. But by only paying attention to one market, you could be missing out on some great deals. Sometimes other cities offer great deals that can actually be used nationally. So don’t be afraid to check out Boston or Chicago or any of the others for deals.
Shop through a rewards site. Shop at Groupon through shopping portals like Ebates or Mr. Rebates and save even more on your Groupon purchase. For example, at Ebates, you could earn 3% cash back on whatever you buy through Groupon. And if your Groupon voucher is for an online retailer, you can use it to shop at these rewards sites and make your Groupon stretch further.
Use a rewards credit card. I normally don’t encourage the use of credit cards, but if you are committed to always paying your credit card balance in full each month, I highly recommend finding a good rewards credit card that offers you cash back on your purchases. Combined with Ebates, you could earn up to 5-10% back on your purchases.
Mark your calendar. All good things must come to an end, as do Groupon vouchers. Put a reminder note on your calendar a week before your Groupon voucher expires so that you’re sure to use it. It’s not a savings if you let it expire without using it.
Refer a friend. Refer a friend to Groupon, and when they make their first purchase you can earn a $10 Groupon credit. Watch for really great deals and then put that Groupon credit to good use.
Exercise restraint. There is always going to be a great deal available. Don’t let the site description or the sense of urgency trip you up. Purchase only the best deals that you know you will use when your budget allows. If you don’t have the money, don’t buy the deal.
Groupon is an excellent way to save money on entertainment, restaurants, and so much more. Be smart with how you use it and you can save even more.
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