As most of you are aware, Kroger is running a “stimulus promotion” giving a 10% bonus on gift cards of $300, $600 and $1200. This means if you buy a Kroger gift card worth $300, you get $30 on top of it as a bonus that goes up to $120 on a $1200 gift card. This gift can then be used at any Kroger or affiliated grocery store like Ralph’s and even Kroger gas stations.
The applicability of this promotion to gas purchases is what makes it interesting . Thanks to the bonus, here is some math that shows you the effective discounts you get just by using this gift card -
1. Base level, bonus only – 9%
2. Buying the gift card with a 5% cashback card – 13%
3. Using the gift card from #2 to buy gas – 14% (Kroger gives another 3 cents off to Kroger Plus card holders, anybody can get one at no cost)
4. If you happen to spend $100 in groceries at Kroger the previous month (as tracked on your Kroger Plus card) and hit the previous 3 conditions – 18%
So if gas is $4 per gallon and you hit all four parameters, then your effective gas price will only be $3.28 per gallon!!
If you do not have a credit card that gives 5% cash back on grocery store purchases (or have one with lower cash back), then your numbers will be affected to that extent.
In my opinion, if you have a Kroger Fuel Center near you and you shop at Kroger regularly, then this promotion is for you. The credit card won’t matter. Note that the bonus promo ends July 19 (as of now).
No comments:
Post a Comment