I Bought a $1,300 Laptop for $635 Today — and You Can, Too
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For a month and a half starting in mid-November, the holiday deals seem endless. I’d been shopping for a new laptop, so I’ve seen many tempting offers. But, today I found a nice opportunity that will get me a new Lenovo Ideapad that normally retails for $1,300 for just $715 — plus $50 of tax, less $92 of cash back and $38 of statement credits. Here’s how I did it, and how you can too — at least while the offer lasts.
45% Off Lenovo Ideapads
All of Lenovo’s 720 Ideapads are 45% off when you use code IDEA720SAVE45 at checkout. Although many of the cheapest models are out of stock now, there are still many great options left. Personally, I bought an Ideapad 720s 13″ with an 8th generation i7-8550U processor and 512 GB solid state drive.
The normal retail price of this laptop is $1,300, but I paid $715 plus $50 of tax. See all of the 700 series Ideapads here.
12% Cash Back
When you’re making a purchase online, always check Evreward.com or CashbackMonitor.com to see if any shopping portals work with that store. In the case of Lenovo, there are many options showing on CashbackMonitor.com.
However, the option that stands out is 12% cash back with Ebates. For my $765 purchase, the 12% cash back will be $92.
5% Statement Credit
This program offers Everyday Offers as well as Activate Offers. Although you need to activate each Activate Offer, you don’t have to do anything besides use your enrolled card to use Everyday Offers. And, Lenovo is listed as an Everyday Offer that provides 5% back as a statement credit.
Credit Card Earnings and Benefits
The Ink Business Preferred Credit Card only earns 1 Chase Ultimate Rewards point per dollar spent on electronics, so it’s certainly not the best card for electronics spending. But, as I was looking to finish my minimum spending and the card could get me 5% off my purchase, I went ahead and earned 765 Ultimate Rewards points on the purchase. Based on TPG’s latest valuations, these points are worth about $15.
Plus, I’ll automatically get purchase protection that covers my new laptop for 120 days against damage or theft up to $10,000 per claim and $50,000 per account. My laptop will also be protected by the card’s extended warranty protection, which will extend the time period of the US manufacturer’s warranty by an additional year. Although many Citi credit cards feature extended warranty protection that extend eligible warranties by up to two years, I decided finishing the minimum spend ($5,000) to get my 80,000-point sign-up bonus on my Ink Business Preferred and getting a 5% statement credit was worth having one less year of extended warranty benefit.
Featured image by Hero Images/Getty Images.
WELCOME OFFER: 80,000 Points
TPG'S BONUS VALUATION*: $1,600
CARD HIGHLIGHTS: 3 points per dollar on the first $150,000 in combined spending on travel, shipping purchases, internet, cable and phone services, and advertising purchases made with social media sites and search engines.
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
- Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
- Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
- No foreign transaction fees
- Employee cards at no additional cost
- $95 Annual Fee