Saturday, October 25, 2008

What a Steal!

My UPS guy came to my door yesterday with a package. Inside was this great bag by BCBGMAXAZRIA - It retails for $138.00. Guess how much I paid for it? NOTHING. And you can get it too! Here's the deal:

I was paid by a website to sign up for a month of Bag, Borrow, or Steal. The amount I was compensated was more than the monthly fee for the site, so I figured why not?

However, being the bargain hunter that I am, I searched the internet for coupon codes for the site before signing up. What I found was this code - LUXURY7387. It adds a $50 credit to your account, and if you use it while signing up it takes your $9.95 monthly fee from your $50 credit instead of your credit card (though you still have to enter your valid credit card information when creating an account)! This leaves you with a credit of $40.05 that you can use at the outlet center!

I found my bag on clearance for 75% off (score!), making it $35.00. Shipping was $4.95, bringing my grand total to $39.95. With my credit of $40.05, I paid absolutely nothing, and had $0.10 left. Now I can cancel my account and I'll have paid nothing OOP for my purse or my month subscription. I put the Steal in Bag, Borrow, or Steal!

On a side note, when you place your order they give you no indication that your order is being deducted from your internal funds. In fact, it prompts you to use the credit card you have on file with them as the only payment option, but it does use up your store credit first. The only reason you should have to pay anything at all is if you choose a bag over $35.00.

The bag came gift wrapped in brown tissue paper and the purse was in it's own protective holder. I'm not sure if it's the bag for me or not, so I may end up gifting it at Christmas if I decide against it. If not, there's always eBay!

EDIT: The bag I received is back in stock and has now been marked down to only $25!


Mama2ce said...

This is great! The bag you got is out of stock, but they say that they add bags every Wed. I'll give you a shout out on my blog :)

Penny Pinchin' Mama said...

Aww, I hope it comes back in soon!!

Marli said...

Thanks so much for posting this! This is a great find!

Penny Pinchin' Mama said...

My pleasure, Marli! I hope that you or someone you know is able to get a great bag from this deal!

Anonymous said...

How did you view your store credit? I can't see that my code went thru?

Penny Pinchin' Mama said...

You should be able to see your credit by viewing "My closet" at the upper right corner and then selecting "Billing History."

lisa g said...

In checking out their site, I noticed that you are "borrowing" the items for the listed price. Although it says you can keep it as long as you want, I'm hesitant when it says that the price is "per month." When I looked closer, it says you can contact them for a purchase price on anything you borrow and want to keep. Am I wrong about this? Is the item really yours, free and clear?

Penny Pinchin' Mama said...

Hi Lisa! While the general purpose of the site is to "borrow" a bag for a set price per week along with a $9.95 membership fee per month, they also have an outlet store at the site where you can purchase (or "steal" if you will) the bags at the price shown. Anything you get from the outlet center is yours free and clear!

The idea is to purchase a bag at the outlet center for $35 or less and then cancel your membership before the first month is over :D

(You could always purchase a more expensive bag, but the only way to get it completely free including the shipping is to go by the $35 price point)

Karla said...

Man I'm bummed :( I tried to purchase my bag, and I received the following email from customer service today...

Dear Karla, I am contacting you regarding the use of promotional code on our site. Unfortunately, promo codes can not be used to purchase "Sale" items. They can be used on Membership Dues and Rental Fees.Your recent order has been canceled. I apologize for the inconvenience. Regards, Lauren Customer Financial Services Bag Borrow or Steal 866.922.2267

Customer Service

They must have changed there policy. :(

Penny Pinchin' Mama said...

Karla - Wow :( All good things must come to an end, I suppose. I guess they finally realized what a good deal they had out there.