Amazon’s annual Prime Day sale — which is in fact two days — will be taking place on June 21 and 22 this year. Prime Day is open to all Amazon Prime members, those who have enrolled in Amazon’s $119 annual membership program that comes with perks like free, two-day shipping on a wide variety of items.
If you’re in the market for Amazon-branded products, such as an Echo Dot or Ring doorbell, or have some big purchases to make on your list, there’s arguably no better time to do so. IIn fact, the deals have already started to roll in. Well ahead of Prime Day, we’re seeing discounts of almost 25% on products like the Amazon Echo Dot and 20% on Apple AirPods.
And while you can find some even steeper savings during the actual Prime Day event, with a little bit of strategy up your sleeve you’ll be poised to save even more. Here, we’ve rounded up some of our money-saving hacks so you can maximize what you get out of Prime Day.
Make a List and a Budget
First off, it’s important to set a budget for Prime Day. We know how easy it is to get enticed into buying something you may not need because it’s on sale, and setting a budget plus making a list of things you’re considering purchasing will help you stay on track. And it will also give you a bit of wiggle room if that have-to-have-it-product pops up on your radar.
Keep an Eye Out for Early Prime Day Deals
Even though the official Prime Day isn’t for a few more days, Amazon has already started listing some early deals, especially for its in-house products.
For example, the Amazon Smart Plug is currently on sale for $14.99, down from $24.99. The retailer lists these promotions in the top banner on the home screen, so it’s worth scrolling through there during the next couple of days to see if there’s anything on your list.
Set Alerts for Items You’re Interested In
Amazon often heavily discounts its own products — Alexa, Ring, Echo and more — during Prime Day, but third-party retailers roll out their own discounts, too. Some of the more popular ones sell out quickly, so if you see something you want that’s within your budget, be ready to pounce.
One of our favorite tricks is to sign up for notifications for products you have your eye on. That way, if they do end up going on sale, you can jump on it quickly.
To do so, open the Amazon app and tap the icon with three stacked lines. Then click “Settings” and then “Notifications.” From there, you’ll be able to enable notifications for “your watched and wishlist deals,” so add any items you’re considering purchasing to your wishlist.
You can enable notifications in your browser too. Download the Amazon Assistant browser extension and then click “Settings” to enable notifications.
Take Advantage of Promotions
The only thing better than discounted items is having a coupon to get even more money off said discounted items.
The good news? There are currently a handful of promotions that can help you do just that. For example, you can earn a $10 Prime Day credit when you spend $10 with small businesses until June 20. This is an easy way to get money off Prime Day products while supporting small businesses — especially if you were planning on spending with them anyway.
Save on Amazon Prime Membership With Amazon Household
There’s also a fairly simple strategy that can cut your Amazon Prime membership in half: Signing up for Amazon Household. Instead of paying the $119 fee per person, Amazon Household cuts the cost in half, to $59.50 per person, if you share Prime with someone else. It lets you add up to two adults and up to four teens and four children.
Splitting the cost of your Prime membership with a spouse, relative or roommate can be a great way to save on overall Amazon costs, especially leading up to the Prime Day event.
Save Your Credit Card Points for Travel
If you have a credit card that earns points for travel, such as the Chase Sapphire Preferred® Card, you may have noticed that you can use your points at checkout to pay for all or a portion of your purchase.
While doing so can help you save money on your Amazon purchase, we typically advise against doing this — whether it’s Prime Day or not. You’ll get far greater value using those points for free travel later on, so be wary of using them during the big event.
Download a Gift Card
As part of the Amazon Reload program, you can save $10 on your Amazon purchases by downloading a $100 or more gift card. If you’re planning on buying more than $100 worth of goods during Prime Day, this could be an easy way to knock $10 off your total price.
Note that you must be a Prime member to take advantage of the promotion, and it has to be your first time reloading your gift card balance.
Take Advantage of Credit Cards
If you’re a regular Amazon user, it’s definitely worth looking into the Amazon Prime Rewards Visa Signature card. The card does not carry an annual fee, and upon approval, you’ll get a $150 Amazon gift card that can offset almost entirely the cost of the $119 membership, at least for the first year, or part of your Prime Day haul.
The card also earns 5% cash back on all Amazon and Whole Foods purchases, plus 2% cash back at restaurants, gas stations, and drugstores. It earns 1% cash back on everything else. Now through June 20, the card also earns 10% cash back on select products from small businesses. Having this card in your wallet can help you save money not just on upcoming Prime Day purchases, but all Amazon purchases throughout the year.
Chase Sapphire Preferred® Card
- Intro offer:80,000 points
- Annual fee:$95
- Regular APR:16.24% – 23.24% Variable
- Recommended credit:670-850 (Good to Excellent)
- Apply Now At Chase’s secure site
Amazon Prime Rewards Visa Signature Card
Prime Day can be a bit overwhelming, but with a little bit of preparation, you can save even more money on already discounted items. Rule of thumb: Stick to your budget, and if you can, get your credit cards, promotions, and credits in order — and don’t forget to enjoy it!