At Outlets, Mom and Dad Can Save You Money

Outlet shopping is a pretty obvious way to save money when compared to shopping at regular retailers. But there’s a way to save even more on outlet shopping: bring mom and dad along. No, I’m not suggesting that you should have them pay for your new outfits so you can keep your cash, although I’m sure some parents are more than happy to do so. Rather, there’s a discount that only they can give you: the Premium Outlets chain – which includes the outlet malls at Gilroy (CA), Woodbury (NY), and Wrentham (MA) – offers a 10% discount to shoppers over 50 years of age, every Tuesday.

I learned this about a year ago, when my mom was visiting me. We decided to take advantage of the fact that I was on vacation too and went outlet shopping on a weekday to avoid the crowds. The Premium Outlets chain is by far my favorite outlet option since they not only have good brands but the malls are also outdoors and the stores are for the most part clean and organized. They might not be the cheapest outlet malls out there, but the way they are set up makes for a much more pleasant experience since I don’t have to dig through heaps of stuff to find good deals.

So there we were: my mom and I on a shopping outing, on what happened to be a Tuesday. As my mom was checking out, I spotted a sign on the counter that said something like

50 Plus Shopper Perks

If you are at least 50 years of age you can take advantage of an added 10% savings on Tuesdays by simply presenting a photo identification with your proof of age to the cashier at participating stores. [taken from the Premium Outlets website]

I pointed it out, and told my mom to ask about it since we were there on a Tuesday anyway. The cashier interjected, “Don’t worry. I already applied the discount to your purchase.” If I were my mom, who happens to be in her “young 50s,” I would have been mortified or at the very least upset. But my mom took it in stride and was just happy with her discount. In fact, she then asked me if I didn’t want to buy more stuff that day, seeing as I could get the discount only with her anyway.

shopping

Photo credit: F-oxymoron (Creative Commons)

The list of participating stores for this discount varies by outlet mall, but is fairly long and includes J.Crew, Ralph Lauren, Vineyard Vines, and even Samsonite. To see the list for the Premium Outlet you are planning on visiting, just click on it on this map, then go to “sales & events”> “50 Plus Shopper Perks.”

My mom is visiting me again in a couple of weeks, and since she wants to go shopping, I will make sure to schedule the outlet trip for a Tuesday. It should be a good mother-and-daughter bonding experience – I’ll help her pick out clothes and carry her shopping bags, she’ll get me a 10% discount.

Advertisements

Rewards in Checking: Bank of America

Barring the rare interest-yielding accounts, it is hard to get much out of your checking account besides the money you already deposited into it and some checks.  But using programs associated with you bank may get you a little more.  Two weeks ago, I wrote on how to make the most of your Citibank account using the ThankYou network, and today I will cover Bank of America.

Bank of America hosts Add It Up, an online shopping portal offering cash back for purchases you make through it.  Of course, there are several other similar portals, such as ShopDiscover, UPromise, and each of the airline portals, and Add It Up won’t always have the best deal.  However, it is worth a visit when you online shop, since the top cash back offer varies by retailer and the cash back earned through Add It Up is deposited directly into your Bank of America checking account – unlike ShopDiscover, for which there are thresholds for cash back redemption, and UPromise, which has a threshold and only makes transfers quarterly. (Click here for a previous post comparing different cash back offers and here for last week’s NYTimes’ Your Money column’s explanation on online shopping portals).

Moreover, unlike most other online portals, Bank of America has a good range of in-store partners as well – at least until the end of 2009.  Once you register your Bank of America checking account for the Add It Up program, you can get a 5% cash back for purchases you make at Staples, Barnes & Noble, Sephora, Macy’s, and Radio Shack stores and at Olive Garden and Burger King restaurants.  This offer runs until December 31, 2009, and is limited to $250 in cash back.  Once you enroll in the Add It Up program, just use your Bank of America check/debit card when shopping at these stores and the bonus will be credited straight into you checking account.  And don’t forget that you can always combine these cash back offers with store coupons.

With Add It Up, it is almost as if Bank of America is paying you to do your holiday shopping – or at least giving you a discount for doing so.