Key Takeaways
Savings Tools Can Help
If you’re planning to make a few big purchases on Prime Day, this may be an excellent time to get a new credit card, Woroch said. Many credit cards offer sign-up bonuses that let you earn a few hundred dollars for spending a certain amount of money within the first few months. For instance, the Chase Freedom credit card offers $200 back when you spend $500 in the first three months.
Once you have your shopping list, start doing your research, Woroch advises. You should review the prices of products you’re planning to buy on Prime Day ahead of the sales event. This way, you know what the presale price is, so you don’t get fooled by any misleading sales, like those in which original prices are marked up to make a deal look like a better value.
Before Prime Day, go to Lightning Deals, Clicking on Today’s Deals, and then click Upcoming to get a Notification when deals are live, Riaz said.
Think Big
“You can shop at hundreds of other retailers and find great deals, in some cases even better discounts,” Skirboll added. “Last year, RetailMeNot found that there were over 350 retailers that offered deals on and around Prime Day, so pay attention to places like Macy’s, Kohl’s, and Best Buy, who all might be running their own deals.”
It’s easy to get caught up in the hype of a sales event, but keep in mind not every item will be a bargain on Prime Day, Skirboll said.
“Four categories to avoid purchasing on Prime Day include gaming consoles, toys, Apple products, and cameras,” she added. “Save yourself for Black Friday and closer to the holiday season when you’ll typically find deeper discounts.”
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