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Woolworths Wish eGift Cards 5% off @ Cashrewards

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Woolworths Wish eGift Cards 5% off @ Cashrewards
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dtox on 16/10/2020 - 14:43 cashrewards.com.au (3419 clicks)
Last edited 16/10/2020 - 15:11 by 1 other user

Just received this email from Cashrewards. Time to load up on 5% off Woolworths Gift Cards this weekend!!

ENDING SOON: Save 5% on Woolworths Gift Cards

As a valued Cashrewards member, we want to tell you about upcoming changes to our Woolworths Gift Card program.

From 21 Oct 2020, we’ll offer 3% discount on Woolworths Gift Cards.

From 19 Nov 2020, no further discounts will be available.

This decision applies to a wide range of partners advertising Woolworths Gift Cards and lies outside the control of Cashrewards.

Stock up and save

There’s still time to save 5% instantly with Woolworths Gift Cards. Stock up now to keep on saving at Woolworths, Dan Murphy’s, BIG W, BWS, Caltex and more.

Referral Links

Referral: random (3749)

$10 for referee and $10 for referrer, after referee makes $20 purchase within 14 days.

Groceries Gift Card

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Cashrewards
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Woolworths Gift Cards
Woolworths Gift Cards

closed Comments

      • capslock janitor on 21/10/2020 - 00:27

        Delivery

            eGift Card

    Delivery of eGift Cards (up to 10 min) $0.00

        The above time period is an estimate only from the receipt of your payment. Most orders will be delivered within 10 minutes, however times may vary up to 48 hours subject to public holidays, peak periods and order verification.

  • yoyo6 on 16/10/2020 - 15:08

    Ok, how much should we buy now?

    • cheapismymiddlename on 16/10/2020 - 15:16
      +3

      5k?

    • tout va bien on 16/10/2020 - 16:02
      +3

      Gift cards lose about 3% of their value per year through inflation, so enough cards to last 1 year and 8 months by which time their value will have dropped by 5%.

      • puffinfresh on 16/10/2020 - 16:24
        +10

        That really depends on what you'd do with the money otherwise. If you're getting 3% by investing it elsewhere (eg, paying extra on a mortgage), then sure. If you're just going to keep it in a savings account, then you're likely not getting more than 1.5%.

        • hayfeverman on 17/10/2020 - 23:31
          +5

          (1.015)^n = 1/0.95
          n = log(1/0.95)/log(1.015) = 3.45

          So roughly 3.45 years of WW gift cards is the right answer.

          After that, each $ of gift card you buy will cost you more in foregone interest than the 5% discount.

          But a couple of uncertainties:
          + The interest rate may further go down from 1.5% (or it could go up) over the next 3 years
          - The 5% (or some other promo) could come back periodically, which might mean it would have been better off not to be holding on to that many gift cards that far out — by the time you are at 2 years of gift cards, each $ you add is only an effective 2% discount after interest losses.

          • davedave on 18/10/2020 - 12:27
            +1

            @hayfeverman: Should you also account for tax? Or is 1.5% bank interest after tax? Bank interest is taxed. Paying $95 for $100 wish card is not taxed

            • hayfeverman on 18/10/2020 - 16:48
              +3

              @davedave: Great point. So that would update that calculation to closer to roughly 5 years or higher depending on your marginal tax rate.

              Personally, I only bought half a year's worth despite this calculation.

              The reason why is because of uncertainty and the fact there are buffering strategies that diminish the expected value of a Woolworths gift card for me personally:
              1. I don't know if I will always live near a Woolworths (I'm a renter)
              2. It might give me reason to do more shopping at Aldi after 6 months (as my current habits are 100% at Woolworths which probably are not optimal anyway)
              3. They may still have promotional gift card offers from time to time!
              4. I also didn't want to exceed a threshold on my credit card that would reduce the point earn rate for this month (admittedly that's only worth ~0.5% of the transaction, so its not a tipping point, but it does create a step change in the economics)

              So in combination, given that every extra $ becomes less and less appealing, and that uncertainty creates a larger and larger option value over time, it "felt" right to cut off at that amount. Probably a better argument is the amount of WW gift cards to last a year is actually an amount of money that would be worth putting into the stock market too (it's not a small holding cash amount), so now we're talking about rates of return closer to 5%, which also shortens that horizon that much more.

      • Certified Angus on 16/10/2020 - 17:03
        +1

        But if you're using them consistently over the time, on average each card will have only been exposed to half that time to depreciate - so maybe you should buy 3 years worth?

        • Love a bargain on 16/10/2020 - 23:12
          +3

          & then you'll only come out even, not ahead

      • ribbonsofnight on 17/10/2020 - 09:26
        +1

        The last time we had 3% inflation was quite a while ago

      • ribbonsofnight on 18/10/2020 - 12:27
        +1

        The more I think about the more I think inflation is completely irrelevant because either way the purchases are in the same time in the future. It's the after tax nominal return on your money that matters. If your money is in a bank account that's likely about 0.9%. If it's in an offset account it might be around 3%. If it's in the share market it's completely unknown

      • thydzik on 20/10/2020 - 22:22

        which country are you living in?

    • noelhoi on 17/10/2020 - 11:01

      Yes

  • [Deactivated] on 16/10/2020 - 15:08

    Get a casual role with WW. 10% discount.

    • andrewtrinh on 16/10/2020 - 15:17
      +4

      With WISH eGift cards, that's 14.5% total…until next week.

    • Neoika on 16/10/2020 - 23:31

      Is it still 10% off as of today? I think it has been reverted back to 5% off.

    • neverlate on 17/10/2020 - 18:14

      do you get 10% off buying phone recharges?

  • wreckedandjealous on 16/10/2020 - 15:10
    +1

    FYI union shopper still have 5% listed with no mention of a price drop (that could however change)

  • Dealseeker21 on 16/10/2020 - 15:18
    +1

    Back to coles then

    • Tardvark on 17/10/2020 - 09:31

      …who already have switched to 3% on their gift cards?

  • Kevkz on 16/10/2020 - 15:18

    AGL - dropping from 5% to 4%

    • bobwokeup on 17/10/2020 - 14:25

      AGL gift cards are terrible to use though.

  • Punter01 on 16/10/2020 - 15:19

    Can you use the gift card to purchase JB Hi Fi gift cards?

    • ruztynail on 16/10/2020 - 15:23

      no you cant..

    • Gleung on 16/10/2020 - 15:31

      In principle no, unless you get lucky with some human/system error during checkout

    • SgtBatten on 16/10/2020 - 15:34

      Not usually.

    • ippy on 16/10/2020 - 15:42

      I have done this at the self checkout but around 2 years ago. I think (based on info on ozb) that they have patched it.

    • Guybrush57 on 16/10/2020 - 16:17
      +1

      This used to work but hasn't for a year or two no matter what method you try (bundling it with other items, partial payment, self-checkout or manned checkout etc)

  • FatTofu on 16/10/2020 - 15:19
    +1

    Who's got over $10k stock already?

    • fredblogs on 16/10/2020 - 15:22
      +1

      10k !?

      • FatTofu on 16/10/2020 - 19:53
        +1

        3.5k per year for 3 years would be 10.5k

      • cpho on 17/10/2020 - 17:18

        It's not like they expire

  • Cscroft on 16/10/2020 - 15:20
    +1

    Just checked my AGL rewards account looks like it is going down to 4% from the 21st of October :( ……screen shot below

    https://1drv.ms/u/s!Ais4Zks0cdZygcp16Ss1h41Se_Zp9Q

    • PeeDee on 16/10/2020 - 18:56

      I checked as well. Big W gift cards which is 5% work at woolies as well

      • tinx on 21/10/2020 - 19:19

        Is this confirmed? Suncorp still have big w at 5% off today

  • shaybisc on 16/10/2020 - 15:21

    Is there an expiry date on a gift card you buy now?

  • ruztynail on 16/10/2020 - 15:23
    +1

    question is. how much are u guys topping up?? max $500 in a card. i cant see myself topping up more than 1k.. but that means after 1k.. i wont have the opportunity to top up and get 5% disc anymore.

  • nmcc08 on 16/10/2020 - 15:23

    Oh hell no!

  • ssjwill on 16/10/2020 - 15:23
    +86

    2020
    - Bushfires
    - COVID
    - End of 5% WW GC

    RIP

    • RichardF89 on 16/10/2020 - 15:36
      +1

      coles gift card drop from 5% to 4%

  • avoidfullprice on 16/10/2020 - 15:24

    Record sale of giftcard in October. I have took the risk of buying one more GC. Hope to is not going it end up like dick smith wait a minute…

    Wonder if entertainment book will still have it

    • DrRalph on 16/10/2020 - 17:17
      +1

      Entertainment Book have confirmed they are moving to 3%

      • flawlessvictory on 16/10/2020 - 17:58
        +1

        Will they be going to 0% afterwards as well?

  • Reggie74 on 16/10/2020 - 15:24
    +3

    Been buying these in $500 lots to save $25 each time over the past few years. Damn!

  • Craze on 16/10/2020 - 15:25
    +1

    Dang should've jumped on the earlier GC deal given the reduction in savings… shouldn't have taken things for granted!

    • screensaver on 17/10/2020 - 16:14

      I didnt do that one either so I went to Coles last night and used my HSBC to get 2% off a hundred dollar mastercard and then bought a 105.25 woolies card

      • bluesky on 17/10/2020 - 16:17

        Don't you have to pay a fee for the MasterCard, like $5, rendering the 2% pretty much ineffective?

        • screensaver on 17/10/2020 - 16:22

          no they gave me 1000 flybuys points plus 210 extra points (I get 2 flybuys points per dollar)

          • bluesky on 17/10/2020 - 16:27

            @screensaver: Great, works out nicely for you then :-)
            Which MasterCard is it that does not charge the fee? I like the idea of using Prepaid Mastercard and not exposing my CC details, but the fee charged by many of them always discourages me.

            • screensaver on 17/10/2020 - 16:29
              +1

              @bluesky: its a this week special

              • bluesky on 17/10/2020 - 16:31

                @screensaver: Great, thanks. I will have a look.

              • bluesky on 17/10/2020 - 16:36

                @screensaver: Found it in the catalogue. But the T&Cs do say:

                When purchasing COLES GIFT MASTERCARD, a $5 purchase fee will apply in addition to the value of the gift card.

                However, even with the fee, I can see how one would still be ahead - with the 1000pts and the HSBC 2%.

                • screensaver on 17/10/2020 - 17:31

                  @bluesky: and the base points

                  • coolsteps on 17/10/2020 - 19:56

                    @screensaver: hellopam2019, fyi the cost of the coles $100 mastercard is $5 thus you can NOT use your hsbc card to get 2% as its over $100. coles doesnt allow split pay for gift cards.

                    • Neoika on 17/10/2020 - 20:05

                      @coolsteps: Here is how.

                      • coolsteps on 17/10/2020 - 21:16

                        @Neoika: thanks i never knew that nor tried it. i guess pay with $5.05 cash then tap and pay with hsbc may work. i usually use a $500 coles e card.

                    • screensaver on 17/10/2020 - 22:51

                      @coolsteps: yes I just struck that, one staff wouldnt let me but I kept saying its a hundred dollar limit and the manager let me do it. I was shocked, backup plan would be qantas debit mastercard for whole amount to get ff points

  • Zaenille on 16/10/2020 - 15:26

    Is RAC affected?

  • z z on 16/10/2020 - 15:26
    +3

    RAC (WA) still seems to have the Wish cards for 5% off too, but time will tell how long that will last…

  • brent3000 on 16/10/2020 - 15:27

    Good thing they dont expire at least :/ can last a few months on inventory hahah

  • cmyk on 16/10/2020 - 15:27
    +6

    Ok just means i can shop anywhere now and not worrying about going to woolies, dans, big w

    • bamzero on 17/10/2020 - 01:20

      Yeh definitely made me more "loyal" to buying from Woolies group, no 5% discount evens the field more…

  • pwrusr-com on 16/10/2020 - 15:28
    +1

    with Amazon taking a slice of supermarket shopping, all WW can do is increase the no. of WW-branded items in their shelves in order to maintain some form of diversification.

  • ziggyy on 16/10/2020 - 15:31

    Thanks OP

  • Thinbiscuit on 16/10/2020 - 15:32
    +3

    Farewell gift cards !! You've served us well for so long.

  • ti6331 on 16/10/2020 - 15:34
    +1

    Can we use shopback to get the Woolworths gift card with 5% off?

  • netjock on 16/10/2020 - 15:34
    +5

    0% discount for Woolworths to hold onto my cash. WW is just dreaming.

  • SgtBatten on 16/10/2020 - 15:35

    Damn. How much to buy

  • neilpatrickharris on 16/10/2020 - 15:36
    +13

    People who plan on topping up really need to think about their opportunity cost. If you’re buying 10k of woolies gift cards and it’ll take you a couple years to spend it, you might be better off putting that cash in an offset account or investing it in some other asset. I’ve only ever bought enough gift cards to meet my immediate requirement, and anything beyond a month or two is not worth the hassle/opportunity cost for me. YMMV

    • abc on 16/10/2020 - 15:41
      +4

      A family would be able to spend $200 per week at a supermarket. That would take a year to burn through.

      • neilpatrickharris on 16/10/2020 - 16:36
        +2

        Yes I'm aware, hence YMMV. My comment is more so for people who get caught up in the hype that there will no longer be a discount and go out and spend a crazy amount on GCs when it might not be worth it.

        • TimeOrMoney on 16/10/2020 - 18:32

          Agreed, YMMV indeed.

          For a spend budget of $9,500, a family that spends $200 weekly could have otherwise saved ~$148 in loan interest (accounting for the diminishing amount each time they shop). Much less than the $500 bonus they'd get with the gift card.
          But if you only spend $50 a week, an initial offset amount of $9,500 could have saved ~$602 in interest (again, accounting for diminishing amount).

          These figures assume a 3.5% loan interest rate. So of course, this is just the interest opportunity cost. You might get more value from a new TV instead. :)

          • RockyRaccoon on 17/10/2020 - 17:12
            +1

            @TimeOrMoney: Keep in mind apart from Offset, interest earned is taxable. Discounts aren't/

          • sirspiff on 18/10/2020 - 14:58

            @TimeOrMoney: Is there a calculator for this? I want to compare how much I will save on my mortgage interest if I left the money in offset instead of stocking up on giftcards.

  • netjock on 16/10/2020 - 15:37
    +1

    Shopback: just checked their website, no changes yet I can see.

  • watertight on 16/10/2020 - 15:37
    +2

    Tipping Woolies is going to have a decline in sales - I won't buy from there as often as soon as my $2200 of credit is gone. Now how will I flip my credit cards without this discount?? ugh

    • tanniesjunk on 16/10/2020 - 18:54
      +1

      Lol no.

      Your gift card is a drop in the ocean.

      • watertight on 18/10/2020 - 22:40

        I’m aware of how big Woolworths is. 🙄

        The point is I would definitely not be on my own when I say I don’t care too much where I shop and I have 4 choices within 5 minutes from my home. I shopped at Woolies because of the 5% discount on gift cards. That’s it. Dropping the discount will mean a decline in business for them, by how much is the unknown. Don’t forget Dan Murphy sales too.

  • taoz on 16/10/2020 - 15:38

    Terrible news.
    Hopefully we can buy direct from them in future.

    Cashrewards etc would be getting a cut it a fee

    • Fobsessive on 16/10/2020 - 18:19
      +2

      No way Woolies will offer that directly, too mainstream

      • taoz on 16/10/2020 - 19:02

        Maybe, but people who buy them already buy them via Woolies, get charged from Woolies and they are sent by Woolies, so not like people don't know they offer it

      • taoz on 21/10/2020 - 08:26

        Well it looks like there offering 4% off direct with them now..
        Expect this kind offer we be available various times also.

  • t0087669 on 16/10/2020 - 15:38

    does Coles offer any discount ?

    • Hendot on 16/10/2020 - 15:40
      +3

      You can find 4% coles discount through AGL, suncorp and others.

    • Cluster on 16/10/2020 - 16:18
      +1

      The problem is we'll continue to shop at Woolworths group stores anyway. The only way complaining works is if we stop spending, but that won't happen.

      I'm just waiting for HSBC to scrap its 2% PayWave cashback offer now…

      • askbargain on 16/10/2020 - 16:19
        -1

        We are the OzBargain army!!! We can do anything! If we can make eBay change codes to sitewide, we can definitely do this too. Sign my petition.

      • ATangk on 16/10/2020 - 18:46

        I chose woolworths because of the GC, afterwards it’ll be back to deciding the colesworth battle and then ending up at aldi.

      • Neoika on 16/10/2020 - 23:38

        HSBC can end it at any time.

  • Bunnyburger on 16/10/2020 - 15:45
    +6

    Yeap no more incentive to go to Woolies no more.

  • vikramhkumar on 16/10/2020 - 15:49
    +2

    Is it a trick? So that now many of us will rush up to stockup.. and after 19th, they will revert back?

    • furyou on 16/10/2020 - 21:35

      Dunno, but I'm buying 10k just in case.

  • Choc0 on 16/10/2020 - 15:49
    +4

    This was a great way of meeting minimum spend requirements on new credit card deals.

    Shame to see it gone.

  • c64 on 16/10/2020 - 15:49
    +2

    the big supermarkets giving their customers a big middle finger …

    • t25 on 16/10/2020 - 21:38

      They can afford to do so during a pandemic. Look at the number of specials dropping since COVID hit.

  • abc on 16/10/2020 - 15:51
    -1

    Can you buy a gift card anywhere with Apply Pay?

    Trying to use the 28 degrees offer.

    • rhyme324 on 16/10/2020 - 16:07
      +1

      Of course you can buy from Woolworth or Coles but no discount. If over $100, just tap and enter pin. Just paid a car service fee to use the 28 degrees offer

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