Amazon is getting ready to host its highly anticipated annual Prime Day sale, taking place from July 11 to July 12. This exclusive 48-hour event is reserved for members of Amazon’s Prime program and promises to deliver a flurry of exciting discounts.
In an announcement, Amazon revealed that this year’s Prime Day will present more deals than ever before. Shoppers can expect new deals dropping every 30 minutes during specific time slots.
With rising inflation and mounting credit card debt, many consumers are feeling the pinch when it comes to their finances. As a result, they are turning their attention to events like Prime Day and other sales offered by major retailers like Target and Walmart. These sales provide an opportunity for shoppers to make essential purchases, including back-to-school items. However, it can be challenging to navigate the vast array of deals and prevent overspending.
To help you make the most of Prime Day, here are five expert shopping hacks:
1. Know what you want to buy, and consider older and refurbished models
Shopping experts advise utilizing Prime Day as an opportunity to purchase items that were already on your list. It’s crucial not to get distracted by sudden deals on items that weren’t part of your initial plan.
Before diving into the shopping frenzy, determine your budget and identify the brands you trust. Stick to these guidelines to avoid impulsive purchases. As Nick Drewe, the founder of Wethrift.com, suggests, knowing what you want and need beforehand is key.
2. Prioritize Amazon’s own products
Prime Day traditionally offers the best deals on Amazon’s own devices. This year, shoppers can look forward to an impressive 75% off on products such as the Fire TV Stick and the Echo Show 8. Additionally, Prime Day will feature discounts on groceries through Amazon Fresh and offers from One Medical, a members-only primary care medical chain recently acquired by Amazon.
By prioritizing Amazon’s own products, you can maximize your savings and take advantage of exclusive deals.
Stay ahead of the competition and make the most of this year’s Prime Day event. Remember to plan your purchases, prioritize the products you need, and keep an eye out for great deals on Amazon’s own devices and more. Happy shopping!
Amazon Prime Day: More Than Just Amazon Deals
Amazon Prime Day offers more than just discounts on Amazon products. This annual sale extravaganza also features deals on a wide range of items, including Sony headphones and speakers, Mattel’s Barbie dolls, Gap clothing, Peloton bikes, Bose headphones and equipment, kitchenware, and beauty products. However, Apple products are not included in the advertised deals.
Save Big by Exploring Older Generations and Refurbished Options
If you’re looking for even bigger savings, consider exploring older generations of popular gadgets. According to consumer-saving expert Andrea Woroch from Bankrate.com, refurbished versions of sought-after products can also provide significant savings. When comparing different versions of the same product, check if there’s a refurbished option available. These items may be further discounted during the sale event. Woroch reassures buyers that refurbished electronics are repaired to look and function like new and also come with a warranty.
Compare Prices and Know the Past
To maximize your savings during Prime Day, it’s essential to compare prices with Amazon’s competitors like Target and Walmart. According to Woroch, having knowledge of past prices will help you determine if you’re truly getting a good deal. To track price history, utilize websites like camelcamelcamel.com. Such platforms not only provide historical price data but also allow users to set up price drop alerts for specific products. By understanding a product’s price history, you can ensure that the discounts during the sale are genuinely worthwhile. Additionally, slickdeals.net is another valuable website where consumers share the deals they’ve discovered online.
Amazon Prime Day is an event that transcends Amazon alone. Prepare yourself with these tips and tricks to make the most out of this shopping extravaganza. With careful research and comparison, you’ll be able to take advantage of significant savings on a variety of products.
Sale Events Beyond Prime Day
Summer is the season for big sales, and major retailers like Target, Walmart, and Best Buy are not missing out on the action. If you’re planning to indulge in some shopping, it’s worth exploring what these competitors have to offer before hitting the “buy” button. Let’s take a closer look at these exciting events:
Target Circle Week – July 9-15
Target is kicking off the summer sales with their own Circle Week. From July 9 to July 15, savvy shoppers can enjoy superb deals. One highlight is a whopping $350 off the Lenovo 15.6″ Touchscreen IdeaPad 3i laptop. Don’t miss out on this fantastic opportunity!
Walmart Plus Week – July 10-13
Walmart is jumping into the summer sale frenzy with their Walmart Plus Week. Running from July 10 to July 13, this event promises enticing offers for all types of buyers. Be on the lookout for incredible deals; you might save big!
Best Buy’s Black Friday in July – July 10-12
Best Buy is turning up the heat this summer with their exciting Black Friday in July event. From July 10 to July 12, customers can enjoy a special treat—a $200 discount on selected MacBook Pros. This is a rare chance to snag a high-quality device at an unbeatable price.
Making the Most of Your Prime Day Shopping
Want to earn some extra cash while you indulge in Prime Day shopping? Consider using cash-back credit cards to maximize your savings. One option worth looking into is the Prime Visa credit card, exclusively offered by Amazon.
Prime Visa Credit Card Benefits
By using the Prime Visa credit card on Prime Day, you can enjoy an impressive 6% cash back on any purchase made that day. Plus, you’ll receive 5% cash back on Amazon and Whole Foods purchases throughout the year. But that’s not all—with the Prime Visa card, you can even earn an additional 1% cash back on Prime Day if you opt for slower shipping. As an added bonus, Amazon rewards approved applicants with a $200 Amazon gift card.
The Prime Visa credit card offers a significant advantage over other cards during Prime Day events. With no annual fees, you can earn more cash back while enjoying the benefits of being a Prime member. Ashley Fricker, senior editor of CardRates.com, affirms that this card is a lucrative option via email.
Caveats to Consider
Before rushing to sign up for an Amazon credit card, it’s crucial to carefully evaluate your usage habits and financial situation. Howard Dvorkin, financial advisor and chairman of Debt.com, advises caution. Ensure that you’ll be able to pay off the balance in full every month to avoid potential pitfalls.
While it may seem tempting to acquire an Amazon credit card for Prime Day, it’s important to be honest with yourself and exercise discipline. Make an informed decision that aligns with your financial goals and circumstances.
With these tips in mind, you can navigate the summer sales season wisely and make the most of your shopping experience. Happy hunting!
Overspending on Prime Day: Stick to Your Plan
If you’re not careful, Prime Day can easily lead to overspending. According to Dvorkin, if you already have multiple credit cards and carry big balances, it will end up costing you even more in the long run. So, it’s crucial to stick to your budget and avoid making impulsive purchases.
Watch Out for Counterfeit Products
Buying online has become a bit safer due to a new law introduced before Prime Day. However, consumers still need to be cautious, especially when it comes to counterfeit products. Henry Jin, an associate professor of management at the Farmer School of Business at Miami University, advises paying close attention to the “sold by” and “shipped by” descriptions on Amazon. The most reliable products are always those sold or shipped directly by the manufacturer, followed by Amazon.
Jin warns that if a deal seems too good to be true, it probably is. There is always a risk of encountering counterfeit products unless the item is sold and shipped directly by the manufacturer.
Prep Your Cart and Save Time
Prime Day deals sell out quickly, so it’s essential to prepare in advance. Woroch suggests getting your shopping cart details ready beforehand to avoid missing out on time-sensitive deals. If you’re not a Prime member, you can take advantage of the 30-day free trial right before Prime Day. Additionally, saving your shipping and payment details in your account ahead of time will allow for a smoother checkout process.
Moreover, adding products to your shopping cart prior to Prime Day can make it easier to monitor prices and track any changes easily.