[Expired] Kohl’s Money Maker After Rebates

Update: So according to the comments your Visa rebate gift card is just a single card, this makes the deal significantly better as you’re only dealing with one $480 gift card (if you buy all the items) rather than 40 $12 gift cards. You also only need to send out on rebate form instead of 40.

Warning: Personally I think this deal is a massive waste of time and you need to make sure your attention to deal is amazing to make this deal actually work. I’m really only posting because I know a few readers will be able to make this work.

The Offer

kohls

Let’s work out our potential profit:

  • $612 + tax for purchasing the items
  • $480 in rebates
  • $180 in Kohl’s cash
  • $30.6/$61.2 in credit card cash back
  • $61.2 in portal cash back
  • $30 in Yes2YOU Rewards points

That’s around ~$780, but keep in mind you’re getting most of that back in $12 Visa gift cards and that’s a massive pain to deal with. On the upside you’re also getting 40 appliances. Personally I think this deal is a massive waste of time and you need to make sure your attention to deal is amazing to make this deal actually work. I’m really only posting because I know a few readers will be able to make this work.

The Fine Print

  • Purchase must be made between 11/24/16–11/25/16 and postmarked by 01/09/17 (not much time left for this at all!)

Our Verdict

They have offered similar deals to this in the past (out & out covered it and I linked to it – I’d recommend reading through the comments). I previously described this offer as my own personal version of hell – sending out 50 mail in rebates and receiving 50 small denomination gift cards seems like torture to me. If the items were more practical, I might do it just so I could give the items to a worthy charity but I don’t really think most open need an electric can opener.

Thanks to reader Jake from Statefarm for pointing it out.

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Adam
Adam (@guest_320208)
November 26, 2016 14:24

DoC – thanks a ton for posts like these. and huge shoutouts to the helpful folks in the comments. too bad it was so short/limited term. I just happened to read this post now & looks like deal expired yest. oh well, still something to keep a lookout for in the future. love this site for its attention to detail!

daxihe
daxihe (@guest_320117)
November 26, 2016 05:11

Warning: Kohl’s cancelled my order placed using Kohl’s Cash earned from the previous similar deal without reissuing Kohl’s Cash. When I call them they claim the purchase of multiple same items is considered resale and those Kohl’s Cash is forfeited.

EZPZ
EZPZ (@guest_320096)
November 26, 2016 02:15

I have a friend who is employed by Kohls. She mentioned that a certain group of people do these deals every time for the rebates. Returning all the merchandise for a refund but keeping the upc of each item. Customer service will not even bat an eye. Excellent return policy that is abused daily. Now is that crazy or what? Yeah turning kohls cash into cold hard cash is yet another avenue. Or better yet using a coupon and returning and keeping the coupon as a credit to payment method somewhat similar to J.C. Penney. So many flaws…

Andy
Andy (@guest_320086)
November 26, 2016 00:59

My experience from the last one was not bad but not worth doing again. Bought 35 appliances and sold each for $8-$12 each, mainly at a garage sale. The rebate was a hassle because they lost some of the UPC barcodes and it took photographic evidence and 3 or 4 chats and emails to get them credited. But I did recently get my $420 gift card. Overall, I probably made $50-$100 profit, plus Kohls cash and some points. But not as many as expected because the GC did not code as 5x with Freedom through MPX. Won’t be doing again in the near future.

Jake From Statefarm
Jake From Statefarm (@guest_320057)
November 25, 2016 23:35

Assuming you live a in somewhat heavily populated city or town, you should have no problem selling the items in sets of 8 for $50-75 a set on craigslist or Facebook yard sale pages and people will drive to you to pick them up. When this deal was run in October I maxed out the number of sets I could buy while still qualifying for the rebates and all the items were sold within hours of listing them and I could have sold double or triple the number of sets I had.

IMO, it’s not a large amount of time and effort needed to capitalize on this deal. I cut off all the UPCs, filled out the rebate form, and sent it to Kohl’s in under an hour. Rebate tracked on the Kohl’s site in under a week and I got the PIN enable VGC about 3 weeks later.

M. Smith
M. Smith (@guest_320048)
November 25, 2016 23:09

Too bad the reviews for the hand mixer are so bad. I would have bought just that as we need a new one for the very rare times we make cake.

IOException
IOException (@guest_320044)
November 25, 2016 23:03

Man, this one is really getting a lot of attention. I fail to see the value; there are so many moving parts at play:

1) Most importantly, the rebate might not come through. And then what?
2) You need to manage a bunch of packages, then cut off 40 UPC codes to affix to the rebate, then what to do with all the appliances? Okay, say you haul all that shit to goodwill. You get to take a ~$190 deduction (28% estimate).
3) The ROI comes in the form of Kohl’s cash and Y2Y rewards. If you weren’t going to buy at least $50 in stuff from Kohl’s, you’ve actually spent money.
4) If something goes wrong with order fulfillment (lost, broken, etc.), more time wasted. And… you need to sort it out before the postmark deadline.

So you deal with all this BS and hope that Kohl’s doesn’t shut you down. You only get value from this if you were already going to buy ~$200 in stuff from Kohls and donate this stuff. So total value is ~$300. How much is your time (and patience) worth? You’re going to spend at least 3-4 hours. I’ll do the bank and CC stuff all day long. This piddly shit tho, it isn’t worth my time (and probably isn’t worth yours).

Doctor of Rebates
Doctor of Rebates (@guest_320007)
November 25, 2016 21:55

This is going to be a bit long….but here’s a write up on how this worked for me + some tips.

If you really, really like rebate deals…google “kohls rebates”. You’ll find a link to all of their current rebate forms. There are 25 different products that I purchased over the past few days in various quantities. Total of 111 items, with rebates varying from $10-12 each.

This is a rough estimate:
$2440.89 for 111 products
-$366.13 (15% off code)
-$207.47 (10% Ebates portal, calculated after discounts are applied)
-$615 (Kohls Cash (approximately))
-$103.74 (5% Yes 2 You Rewards, issued as Kohl’s Cash)
-$103.74 (~5% Credit Card cash back on Discover/Ink)
+$186.73 tax
+$1330 (approx rebate)
=$98.46 profit, plus re-sale profits

*make sure you use the 15% code (SAVING15) on eBate’s site, as they may not honor the portal cash back if you use a code that isn’t listed on their site
*separate things into multiple transactions. I never bought more than 4 of the same product at a time (On the last rebate, their threshold seemed to be 5 of the same product in one order -> order cancellation)
*I started receiving things today. Kohl’s shipped most of them individually, instead of grouping multiple items into one box. Several arrived damaged…(this is to be expected with Kohl’s…they ship fragile items in poly bags all the time)
*You can submit everything in one envelope and they will send you one card (I got a $288 rebate last time). Organize it nicely for them and take pictures of everything, all of the upc’s, forms, etc..in case they make a mistake or lose it.
*You may need to use filler items (Bath Towels are 2.99), as Kohl’s cash is earned for every $50 spent.
*you would obviously need a way to liquidate Kohl’s cash (such as buying an item with KC and flipping at cost)
*if you have a Chase Ink, you can buy Kohls gift cards at Office Depot/Staples for 5% UR.
*Kohl’s GC on the MPX app does NOT code as 5x for Discover. (YMMV-some had success with smaller denominations)

I’ll end up doing okay on this, as I wanted a couple of the products for myself, and I’ll be able to get ~$5 each for most of the other stuff, then will donate the rest. I had a lot of kohl’s gift cards that I needed to use up anyways. Last time the rebate card was a Visa Debit card, so should be easy to liquidate. I wouldn’t recommend scaling it this much, but either way, you’ll need to be meticulous about making sure each step works the way you’re expecting it too (double check rebate amount, make sure portal bonus posts, etc).

Dan
Dan (@guest_320004)
November 25, 2016 21:46

Relate: you can currently get a beuty item AND $10 Macy’s Money for only $5 +tax when you select “no hurry shipping”.

You may also redeem plenti points for this…

IOException
IOException (@guest_320023)
November 25, 2016 22:29

???

ValueTravelerOZ
ValueTravelerOZ (@guest_320002)
November 25, 2016 21:43

good post….honestly, this ones for the churner/SD’er who has no two girls to chase around the house, no yard work, and no parents who need to be driven to their doct appt. …..which is why i cant do it. hehe

anthonyjh21
anthonyjh21 (@guest_320077)
November 26, 2016 00:42

Lol you’re describing me. Two girls (under 2 years old), house and a yard to mow. Definitely have to pick deals wisely because we always underestimate how long it’ll take.