Hi,
If retailer X offers you 20% discount for anything in store, but you'll need to buy a coupon upfront for no less than $1,000. Would you consider it? This effectively means that you will be buying $1,200 worth of goods for the $1,000 that you paid.
Cheers.
Ok. I just changed it to 20% to make it more attractive. Thank you.
Same concept no matter the percentage. Also this only applies to big box physical stores for me.
No way some random Shopify website.
Unless I can use it immediately, it is something I know I want and is a better deal than elsewhere, not worth the hassle.
Yes. The plan is to be able to use it immediately or for a period no longer than 12 months.
12 months? you might want to check out the gift card laws ;)
https://consumer.gov.au/new-gift-card-laws
The law requires that most gift cards or vouchers be sold with a mandatory minimum expiry period of three years.
Of course of course. But keep in mind that due inflation, the sooner you make your purchase, the more valueable the deal is.
@ikhaled: No it isn't, it is a percentage increase. Unless you're in an industry where you don't get pay rises or not very good pay rises
@Quantumcat: I gather that you prefer a 20% discount on a coupon instead of $200 discount on a $1000 purchase?
@ikhaled: I think I just understood what you meant - you mean if you buy the voucher then wait ages to buy the thing? I understand now. Yes you definitely don't want to buy the voucher until right before you are going to redeem them for the thing you want!
So in other words, would we buy a $1100 store giftcard for $1000? … I guess I would if they had an $1100 item I wanted to buy and their price was the cheapest around…
is this any different to what we already do with discounted gift cards?
Ok thank you.
We do it all the time with Colesworth
.
No. Unless it was a really well known store like Good Guys or JB Hi Fi. Sounds like it could go wrong. Eg if it breaks or never arrives, and you can't get a refund. And it would need to be a store I would be likely to buy something else in eventually, in case there is a refund in the form of vouchers. And absolutely not if it is through eBay (have seen bad stories of eBay vouchers and refund in the forums here).
Or if all the stores prices go up and you no longer want to buy from them. Or just more expensive in general or limited options.
or they go into receivership and you lose all your money…
Thanks.
This has scam written all over it.
Not at all. Just a general question to understand what consumers prefer when it comes to buying from retailers.
What is to prevent the store from putting up prices 20% instore to counter the discount.
You are basically giving up your right to walk out of the store buying nothing, 20% off full retail ? Is that even a deal, not really.
Nobody said anything about selling using goods at their retail prices. If a retailer treats customers this way, they simply lose their customers. The idea is to offer such discounts in addition to whatever prices the retailer has on their website.
Wouldn't you buy a 20% discounted coupon from a known retailer knowing that their price on a certain item is already competitive? So when you buy it, you know for fact that your purchase is a baragain.
@ikhaled: If their products are already priced competitively, then what incentive do they have to provide a further 20% discount ?
What you are saying makes no sense.
no, just give me the discount if I buy when its on sale, that way I control what i spend not the retailer.
Thanks.
nope
If retailer X offers you 20% discount for anything in store
Any retailer offering a 20% for a gift card deal, especially a large sum, chances are they'll be out of business soon, taking your money with them. For those that recall back in 2016/2015 Dick Smith had 10% gift cards that became worthless…
Otherwise like others have commented there are already ~5% discount on many gift cards already.
For me, there has to be an instant benefit or a high level of 'trust'. Eg. I might do it with coles because it's likely I'll be shopping there regularly for years, but I wouldn't do it with random shops or places i don't shop at regularly.
The 15% off Jb HiFi gift cards are one of the most popular deals on here…
Anything? I'd buy more coupons with my coupon!
Of course all depends on what kind of store and what kind of things sold there. And more importantly, the final price of the product after all discounts. People here go nuts for even 5% off.
If it includes Apple products, then yes I would. A better question is would I still take it if there was a time limit the $1,000 gift card has to be used by. Or if I had to show photo ID when buying something so I can't just sell the gift card to someone if I change my mind.
No, not for a future purchase.
Yes for an immediate purchase.
No, not for a retailer that I don't have confidence will exist next year, next week or even tomorrow
Yes, if it's a large retailer and their prices are good and they have a wide variety. For example ebay/amazon.
It depends on whether I want anything from the retailer. I've bought plenty of Woolworths gift cards for 5% off as I go shopping their regularly.
Thank you all for your input and feedback. Quite an eye-opener in all honesty.
Not really interested - there may be the odd exception if I was immediately going to buy a large item. But having to jump through hoops to get a discount irritates me so I tend to just pick the place that offers the best prices straight up.
Laughs in 28 degrees price protection
Every extra step is work for the consumer.
I understand the gift card model is you win as a small percentage don't use it
Or lose the gift card
And they can't return the money spent once purchased
Best really is voucher code or straight discount
People froth at the mouth when 7.5% colesworth discount cards get advertised. How is this different?
I consider it to be quite a punt because business's come and go all the time, personally do not think it is worth the chance, better to wait for sales or use your OzBargain charm to secure that "below cost" deal… Or that is what the sales person will whisper to you knowing his commission is secure in his next pay wad.
If you bought a 20% discounted voucher for $1000 it's face value would be $1250 not $1200. This is a scam.
Congratulations. One OzBargainer can do primary school arithmetic.
Yes, on the condition that it is a retailer I trust to be around for long enough for me to get the value out of it. If it's a store I don't shop at regularly or I have little faith in them continuing to operate then I wouldn't do it.
Yes, I bought over $1k worth of Amazon gift cards at only a 5% discount. Depends on the retailer but yes people will certainly do this for 20%
I lean to towards 'no' but…
it depends on the 'retailer' if we are talking a place i know i am going or at least could easily spend 1200 bucks ie Coles, Woolworths probably Bunnings and JB-HIFI - sure i probably would it saves me money
if we are talking sum shit box over priced brand in which A business is importing cloths from China slapping their logo on it and selling them for 10x what they are worth the answer is a hard No
One thing I realised about buying with purchased gift cards instead of credit card is the loss of any cc benefits on the purchase, such as extended or bonus warranty. Not a deal breaker but a factor to consider.
10% is not worth it personally unless it's a seamless instant purchase.
So if I'm buying a fridge for $1,000 and go to corporate rewards program to buy a voucher 10% off to pay for the fridge straight away then sure.
If I have to do a two-step process at separate times then no.