6 Ways to Get the Best Price on Your Purchases

This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.

Are you always looking for the lowest price when shopping? If not, then you should be. Once you've decided to make a purchase, it's possible to save a significant amount of money by spending just a little effort. And while smart shoppers once had to spend hours calling or visiting stores, its now possible to do most of your research online in just a few minutes.

Here are six innovative ways to get the best price on your purchases:

1. Use Google Shopping Searches

When researching a purchase, many people do an online search to find the best price without looking beyond the first page of results. Instead, click on the Shopping link in Google that will display many of the online stores that sell the product, sorted by price. And to ensure that you see the most results, try searching on the manufacturer's product number, not just the name of the item.

2. Examine the Secondary Market

Many items can be purchased at a significant discount though secondary markets like Ebay and Craigslist. And if a used item might doesn't meet your needs, you might find new or "like new" items for sale that are still heavily discounted.

3. Consider Discounted Gift Cards

One strategy for saving money on purchases from a major retailer is to first purchase gift cards on the secondary market. There are several gift card resellers that offer cards at 90 percent of face value or less, which gives you at least a 10 percent discount on your purchases.

4. Look at Credit Card Shopping Portals

Some credit cards offer additional rewards when you make a purchase by going through their online shopping portals. Examples include Shop through Chase and Discover Deals. By earning additional rewards, you can significantly offset the cost of your purchase.

5. Use Credit Cards that Offer Bonus Rewards

Although many reward credit cards offer the same rate of rewards for all purchases, some feature bonus categories that can offer as much as 6 percent cash back on purchases from qualifying merchants. These bonus categories can include grocery stores, department stores and office supply stores. So when you choose to make a purchase that qualifies for one of these bonuses, then you are effectively reducing your purchase price.

6. Utilize Credit Card Price Protection Programs

Many credit cards offer some form of price protection that can allow you to receive a refund of the difference in the event that the price drops on an item that you've already purchased. For example, Citi's Price Rewind program allows you to receive an automatic refund if the price of a purchased item goes on sale within 60 day of purchase. To use this benefit, you simply register your purchase and then it searches for a lower price automatically, covering you for up to $300 per item, and up to $1,200 per calendar year. Alternatively, you can file a claim on your own if you find the lower price.

By using these techniques, you can be assured that you are saving as much of your hard earned money as possible.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.

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