$50 items for ~$5 net for new users / 20% back at Macy’s for everyone

Shopping portal TopCashBack is offering 20% cash back at Macys.com. That’s the best rate we’ve seen in at least the last 15 months according to CashBackMonitor. If you’re new to TopCashBack, this could get you a ~$50 item for about $5 net cost. That could be a terrific deal.

The Deal

• TopCashBack is offering 20% back at Macys.com
• If you’re new to TopCashBack, you can earn a $35 bonus (the best they’ve ever offered) when you sign up through this promotion by 12/1/19 and earn $10 or more in cash back

Key Terms

• Gift cards, gift certificates, mattresses, furniture and Apple Products are not eligible for cash back.

Quick Thoughts

This is an excellent rate of return for Macy’s purchases whether you’re new to TopCashBack or not. I find a big rate like this particularly useful for high-end items that are rarely discounted.

But this deal gets really good for those who are new to TopCashBack. That’s because through the current promotion TCB is offering for Frequent Miler readers, you can get a bonus $35 back after earning your first $10 in cash back (you must sign up by 12/1/19).

By stacking, the math works out great for new users:

• Buy a $50 item, earn $10 in cash back (20% back)
• Earn a bonus $35 back
• In total, get $45 back on a $50 purchase!

This could make for a nearly free item for those new to TopCashBack. For example, check out these Catskill Craft cutting boards that are just over $50:

Or the many perfumes and colognes that could be nearly-free:

Or small kitchen appliances and gadgets, like this KitchenAid pasta roller attachment. #want.

Alternatively, there are opportunities to stack a solid deal on some electronics if you want to put in a little legwork.

For example, Happy gift cards are available for $20 off of $150 at Office Max / Office Depot right now. You may be able to find one of those that could be used to buy a 3rd part gift card (like a Macy’s gift card) at one of the retailers where they can be used. After cash back (and before tax), these Powerbeats would come down to $160. Saving another $20 by purchasing discounted gift cards brings you down to $140 (plus you’d have hopefully earned 5x when buying the Happy cards). You might be able to get these cheaper from Rakuten.com today if you value the $30 in Rakuten points at face value, but you may have more confidence in Macy’s stocking the legit product than an unknown third party seller at Rakuten.

Note: As pointed out by Sam in the comments below, Apple products are excluded from earning cash back through TopCashBack. Beats is owned by Apple. I would guess that only Apple-branded products are excluded, but I’m not sure how Macy’s has their computer system coded regarding Beats products. It is therefore possible that these would not earn 20% back. YMMV.

That same gift card technique could of course be applied for about 13% savings on just about anything at Macy’s, which would stack on top of any cash back / coupon savings for some potentially solid deals.

Overall, this 20% cash back rate is a solid deal and makes for a great opportunity to pick up a highly-discounted gift, whether for yourself or someone else.

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