I Am Confused, Full Price = Better Value - Is paying Full Price a better deal

mrkorrupt on 23/06/2021 - 18:38

Hello all,

This is ozbargain and I am thoroughly confused. so many people looking for lower prices then cash back wouldnt it be better to pay full price on item, and get cash back on that and then use price protection on your credit card to match the original price.

Example $2000 item from Dell with 50% discount
Cash rewards on Dell is 10%

$2000 item pay $2000 (dont use discount card)
10% cashback, invoice says $2000, credit card charged $2000 ($200 cashback)
get cashback, claim price protection on it and get $1000 repaid

$2000 - ( $1000 price protection + $200 cash back ) = $800
$
vs
$1000 - 10% cashback = $900

???

General Discussion

Comments

  • Pelicannn on 23/06/2021 - 18:40
    +19

    Not everyone has a price protection credit card.

    /thread

    • Nugs on 23/06/2021 - 18:45
      +4

      not everyone knows the 50% off will occur in the future
      .

      • Muzeeb on 23/06/2021 - 18:50
        +6

        Not everyone trusts cashback

        • [Deactivated] on 23/06/2021 - 18:56
          +3

          cashbacks dont trust cashbacks.

          • bloom on 23/06/2021 - 19:06
            +3

            @[Deactivated]: No one wants to give cash back to cashbacks like shopback

  • mrkorrupt on 23/06/2021 - 18:47

    you dont need for it to occur in the future, right now is EOFYS so if you take the E14 Lenovo laptop or one of the dells advertised on their site and buy it at full price while the discount is available and put price protection claim instantly

    • Pelicannn on 23/06/2021 - 19:04
      +1

      So what about the maximum claim limits that most of those cards have?

      What about the annual fee you need to pay for most of those cards that have the protection?

      What about the exclusions that could be applied last minute by the card company to ruin your day?

      Also… are you just going to go to a Dell rep and say ‘hey mate, appreciate you’re offering 50% off the laptop but I’d like to pay full price’? That is not the ozbargain way.

    • leiiv on 23/06/2021 - 21:48
      +1

      How do you buy it at full price when the discount is available??? Are you talking about different stores? Will the price protection be valid when coupon codes are involved?

  • Heaps for Cheaps on 23/06/2021 - 19:23

    Does anybody remember a business about 20 years ago, I think it was called cashback australia or something, that offered 100% cashback after a time period of 3 years…

    • vinnychase on 23/06/2021 - 23:22

      never heard of it, but I'm guessing that business didn't last for 3 years

    • Guybrush57 on 24/06/2021 - 04:30

      I remember Emailcash. Their rewards were pitiful though.

  • raptormesh on 23/06/2021 - 19:30

    By the g o d s. You have cracked the code!

  • bobbified on 23/06/2021 - 19:57
    +2

    $2000 - ( $1000 price protection + $200 cash back ) = $800

    Pfft! You left out the bit about submitting the $2000 invoice for Salary Sacrifice at work to get back about $800, so it then becomes FREE!

    Amateurs! 😁

    • Pelicannn on 23/06/2021 - 22:09

      Yeah look, I do this with JB Deals…

      12 x $99 plan = $1188
      iPhone 12 Mini = $1199

      Salary sacrifce phone - $1199 less GST ($1090) is charged to pre-tax salary, saves $400 on tax or so.
      Salary sacrifice 12 x $99 phone bills after 12 months - $1188 less GST ($1080) is charged to pre-tax salary, saves another $400 or so from going to the man.

      Actual cost over 12 months = $1188 - $400 - $400 = $388 for phone plan and iPhone 12 Mini. (If you're real good, get the $10 credit through Telstra Chat to save another $120 over 12 months approx $270 a year or $22.50 a month.

      …12 months later

      Sell iPhone for minimum 50% of purchase price ($600+) given second hand newish gen iPhones hold their value pretty well, rinse and repeat, equivalent of being paid to use a service and new phone.

  • leiiv on 23/06/2021 - 21:46

    And which credit card is the best for price protection purposes? What are the associated fees?

  • mrvaluepack on 23/06/2021 - 22:04
    +2

    FYI, to claim price protection there is usually an excess fee that you will need to pay.

  • Morien on 23/06/2021 - 22:43

    There are lifetime limits on cards with price protection policies. The two big ones (that I know of anyway) are also no longer available.

  • zonra on 24/06/2021 - 00:06
    +2

    As others have mentioned, there are lifetime limits on these card (20k for 28D and Coles).
    There are also per item limit ($600 max per item for 28D and Coles) which instantly throws your calculation down the drain.

  • mskeggs on 24/06/2021 - 10:10
    +5

    In before "my price Protection was declined and now Dell won't refund me. Who should I sue?"

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