8 Clever Ways Amazon Shoppers Could Boost Their Bank Accounts
If you're an Amazon shopper, you likely value the ease of online shopping and finding great deals on thousands of items.
But there are other ways you could be boosting your bank account — from huge savings to the chance to earn extra spending money — all from the convenience of your couch.
Read on to see how you can get more bang for your buck on Amazon and beyond.
1️⃣ Don’t just shop on the homepage
Check out Amazon’s daily deals site Woot! You can find great savings on everything from electronics to apparel to home goods, with discounts ranging as high as 96% off! Plus, Prime members get free standard shipping on all purchases.
Use Amazon coupons, where you can find clickable coupons and promo codes for hundreds of items daily. And these are much better than the coupons you clip from your weekly ads, as you could save as much as 70% or more.
Snag necessities and gifts for cheap on Amazon Haul, where all items are $20 or less. You can save even more by checking out the clearance section, where everything is 40% off, or Brand Faves deals to score up to 50% off.
Find great savings through Amazon Resale, where you can find quality pre-owned, used, and open-box products for a fraction of the new price. All items are carefully inspected and labeled, plus are covered under Amazon’s return policy for added peace of mind.
2️⃣ Cancel your car insurance
We've got bad news. You could be wasting $600 every year on overpriced, second-rate car insurance. And you should probably cancel your existing insurance right now, because there's something much better.
Our tool can tell you if you're overpaying for your car insurance in just a few clicks. We match drivers with companies that report saving drivers up to $600 or more per year when they switch! Each driver’s savings will vary by driving history and how many discounts you’re eligible for. And once you try it out, you'll never have to look for affordable insurance again because we find you the lowest rates that other companies can't match.
Oh, and it's also free. And come on — you can't tell us you don't want to save up to $600. To find out if you're losing up to $600 or more a year, just answer a few questions, and then make sure to enter your zip, DOB, and email, to see if you qualify for a lower rate. It takes less than 2 minutes.
3️⃣ Leaving Cash on the Table: Earn up to a $300 bonus and grow your money with up to 3.80% APY
We hate to tell you this, really. But if you aren’t banking with SoFi®, you’re missing out on extra cash. Don’t worry though … it’s easy to fix.
You can earn up to a $300 bonus when you open a SoFi Checking and Savings account and make an eligible direct deposit within the first 25 calendar days of the promotional period. Eligible direct deposits totaling $5,000 or more can unlock the $300 bonus.
Plus, you can grow your money with up to 3.80% APY6and enjoy other perks like no monthly account fees, no-fee overdraft coverage, accessing your paycheck up to 2 days early,9 and up to $3 million of additional FDIC insurance.
Also, you could take advantage of a limited-time offer: +0.70% Boost on Savings APY to up to 4.50% for up to 6 months on new accounts with eligible Direct Deposit. Terms apply.
This is practically passive income and a great way to supercharge your earnings.
Open your new SoFi Checking and Savings account here.
4️⃣ Save more when shopping on Amazon
Find hidden deals by shopping logged out of your Prime account. Amazon sometimes inflates the prices for Prime members to make up for benefits like free two-day shipping. To see if you could get a lower price, find the item you want while logged in, then in a separate browser, search again for the item while logged out. If it’s lower, add it to your cart and then log in to snag the better price.
Add the camelcamelcamel extension to your web browser. This free tool tracks the prices of items on Amazon, so you can know for sure you’re getting a great deal. While you can use their website, the free browser extension shows you historical prices while shopping directly on Amazon.
Shop the styles of your favorite brands without the brand-name price tag. Just enter the brand name in the Amazon search bar, and you’ll see similar styles for a much better bargain. This hack can work with apparel, home goods, and more.
Save on Prime membership with Amazon Family, where you can add up to two adults, four teens, and four children to a single Prime membership. While you don’t have to live in the same household to link accounts, you do have to share payment methods.
5️⃣ Stop overpaying when you shop online (yes, even Amazon!)
Shopping online has its perks. It's super convenient, but it can be time consuming to find the best deals. Instead of hunting for coupon codes (that don't always work!) and opening tons of browser tabs comparing prices, you can try Capital One Shopping.
Capital One Shopping makes saving money effortless. Just add the browser extension and when you check out, it'll scour the internet for coupon codes to help you save cash. And before you check out at 25+ major retailers, Capital One Shopping will notify you with a friendly pop-up if the item you're buying is available cheaper somewhere else.
Capital One Shopping is free to use and won't show you ads. Add it today and stop overpaying!
6️⃣ Little hacks that could add up to big savings over time
Check out sample products, where you can try something new for cheap (sometimes even free) before committing to the full size. Just enter “Prime Samples” into the search bar, and you can find samples for pantry, health, and beauty items.
Get a refund if the price drops for an item you purchased within the last week. Simply contact Amazon support to claim your refund, but note this only works for items sold and shipped directly by Amazon.
If your item is late, you could get compensated. Contact Amazon support, and you could receive account credits or gift cards for your trouble.
Convert small leftover gift cards into Amazon gift cards. If you have a prepaid gift card that has a small balance or is about to expire, you may be able to turn that balance into an Amazon gift card. In your account, navigate to “Purchase a Gift Card” and use your prepaid gift card as the payment method. This is handy when you don’t need to buy anything right away, as you can save your Amazon gift card for when you actually need it.
7️⃣ Turn your home’s value into extra cash
If you want to pay a large expense now, like a home improvement project or credit card debt, you may have considered using your home equity as leverage to borrow a large sum of money.
But with interest rates rising in recent years, a cash-out refinance or home equity loan may not make financial sense.
Here’s a potential solution: Get a home equity line of credit (HELOC) instead.
Using LendingTree’s simple HELOC matching tool (yes, the company from the commercials), you can compare rates and see what works for you.
How a home equity line of credit is different: Your line of credit acts similar to a credit card, where you can withdraw funds when you need them, and you’re only responsible for minimum monthly payments for what’s called the “draw period,” which is usually 10 years. After this borrowing period ends, you pay off the rest of your balance during an extended repayment period, which is usually 20 years.
Plus, as a revolving line of credit, rates are usually variable, so you won’t be locked into a fixed rate if they ever go lower.
To get started:
- Check out LendingTree’s HELOC matching tool.
- Answer a few questions.
- Be matched with personalized offers for you.
8️⃣ Ask this company to pay off your credit card debt
If you have a lot of debt, getting out of it can feel stressful (and nearly impossible). Here’s the problem: the longer you put off tackling it, the harder it gets to fix. If you don’t take control of it early on, it can add undue stress to your life for years. But what if there was a way to get out of debt once and for all?
National Debt Relief could help. If you have more than $10,000 in debt from credit cards, medical bills, collections, or personal loans, their representatives might be able to assist you in consolidating your debt into one low monthly program payment.
Best of all? There are zero fees until your debt is resolved, and you could be debt-free in 12-48 months. To get started, just answer a few simple questions. It only takes 30 seconds to see if you qualify!
