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Beware The Kohl's Cash Scam - Thumbs Down Against Kohls Cash!
Kohl's Cash seems like a nice way to get some return on your shopping but beware of its pitfalls.
For example (I'm excluding taxes to keep this simple):
In the end, you paid:
This is a VERY SNEAKY way of locking in your money into their store. I'm surprised that this is even legal.
Kohls cash certainly helps sometimes, but beware when returning items. It's not the huge cash back savings that it appears to be. Kudos to the Kohls marketing people who made this up, very sneaky!!!
For example (I'm excluding taxes to keep this simple):
- Say you buy Product A for $50 and earn $10 in Kohl's Cash.
- Then, you buy Product B for $50 and use the $10 Kohl's cash to help pay for it, so you end up paying $40.
- Now, if you return Product A, Kohls will only refund you $40, since you spent the $10 Kohl's Cash.
- Then, if you decide to return Product B, Kohls will only refund $40 since that is the amount that you paid out of pocket and give you $10 in Kohl's credit.
In the end, you paid:
- $50 cash for Product A but upon returning the item, only received $40 back.
- $40 cash for Product B but upon returning the item, only received $40 back + $10 store credit.
- Kohls cash permanently converts your money into their store credit at a rate of 20 cents on the dollar or 20%!!
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Quote : For the mathematically challenged:Money out of pocket spent...........$50 + $40 = $90 Money received after returns.. - ($40 + $40) = - ($80) ===================================== Difference: $10 of your cash which is permanently converted into Kohl's Cash! If you returned everything you bought from Kohl's BACK TO Kohl's, then likewise, you should have the right to get ALL of YOUR money back, BUT Kohl's only returns $80 back to you! (in our example) |
This is a VERY SNEAKY way of locking in your money into their store. I'm surprised that this is even legal.
Kohls cash certainly helps sometimes, but beware when returning items. It's not the huge cash back savings that it appears to be. Kudos to the Kohls marketing people who made this up, very sneaky!!!
Last edited by funkmasterta; 01-03-2013 at 02:00 PM..
Seriously, did you graduate high school?
