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CVS, ExtraCare Rewards, and Store Brand (Reprint)

By Pinyo • Apr 8th, 2008

My parents do most of the grocery shopping in my household. Although I do buy occasionally, I never bothered to sign up for one of those discount cards offered by supermarkets and convenience drug stores.

CVS ExtraCare Reward

Discount Cards Are Great

Ever since my wife gave birth, I found myself running to CVS more often. So I figured I would give their ExtraCare Rewards program a try. Well, I was pleasantly surprised. For the very first purchase of some diapers and baby wipes, I saved $5 on a $22 purchase — I will take a 23% discount any day!

Moreover, this is on top of the 2% savings points I am accumulating with CVS, and the 5% cashback reward from my Citi Dividend Platinum Select Card. All in all, I am looking at almost 30% discount on that purchase.

I have since planned my purchased better and have been buying stuff online through Ebates for extra discount. However, the card is still helpful when I need an emergency item or two, or when I fill prescriptions.

Mixed Results With Generic

Just like my friend at Gather Little By Little said, buying generic can save a considerable amount of money, but it could be a hit or miss thing. In general, I found generic store items to be a good way to save some money. So far, the results have been great with generic medicines, mouthwash, and baby wipes. Unfortunately, the CVS diapers I bought weren’t anywhere near as nice as the ones made by Pampers. So my wife made me return the extra package, and I am on a strict order to buy Pampers instead.

Finally…

I am a believer and will be replacing my lost Pathmark card, and starting to use my Duane Reade card more regularly. I am also going to stick with the generic store brand when I can. As I am writing this, I also noticed a lot of deals on CVS web site that I am going to investigate. If you have look into these saving techniques before, I encourage you to take a look. It’s not much, but little things do add up over time.

This was a guest post I wrote for I’ve Paid For This Twice Already… on January 3, 2008.

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More on this topic (What's this?) Read more on CVS Caremark Corporation at Wikinvest
Pinyo
Pinyo is the brain behind Moolanomy personal finance blog and a few other web sites. If you like this article, please subscribe for free daily email updates.

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2 Comments

  1. gravatar
    No Debt Plan, 8. April 2008, 18:48

    Have you seen some of those (mostly) Mom blogs? People getting $30 worth of items for $5 after rebates and CVS cash … good grief!

  2. gravatar
    Pinyo, 10. April 2008, 8:18

    Unfortunately, I haven’t reach that level of mastery yet. One day it’ll happen. :-)

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