Thrifty Little Tip: Find Cash Discounts

>> 11.04.2010

Your new favorite question:
"Can you give me a discount for paying in cash?"

What does this have to do with a truck piled up with sod? Well, we saved a good $30 just because Nate asked if they would give him a discount for paying with cash rather than credit. Remember, those credit cards that we expect all of our favorite stores and businesses to take actually charge the business a fee of around 4% of each transaction. That's money that should stay in your bank account.

When finding pay in cash discounts:

*Take the initiative to ask. You might be a cash person. That doesn't mean you'll automatically receive all discounts that might be available.

*Your best bet is with the small and local businesses. They don't usually have deals with credit card companies or fees built in. Think outside of the box- neighborhood florist, vet, or favorite restaurant?

*Weigh your options. Will the rewards points that you earn by using the credit card come out to be more or less than the cash discount?

*Make sure you aren't being penalized already. Some businesses add on fees when a customer uses credit over cash.

Have you ever found savings by paying in cash?

5 comments:

the cape on the corner November 4, 2010 at 12:48 PM  

oh, yes, we do this all the time! whether it's home stuff or a custom ring from a local jeweler. it doesn't hurt that my boyfriend prefers to pay cash, while i like to charge charge charge.

glad you were able to save on your sod!

Danielle and Clint November 4, 2010 at 1:17 PM  

I am a fan of this, but not when it comes to gas. lol

She's Thrifty November 4, 2010 at 1:57 PM  

Believe it or not, we save 15% by paying cash upfront at the orthodontist.

Jeannine @ Small and Chic November 4, 2010 at 3:09 PM  

I can't remember if I've gotten a discount for using cash, but I usually try to with local vendors. I actually stopped using my American Express card and got a Mastercard instead because I felt badly about Amex's high fees.

Anonymous,  November 10, 2010 at 12:36 PM  

Our merchant member agreement prohibits charging a fee for a credit card transaction, but we are usually happy to discount a cash transaction or throw in extra product. I hate asking for discounts, but my husband isn't shy about it at all... and it usually pays off! ~Jennifer

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