Top 10 ways to save at Best Buy

If you shop at Best Buy, you may want to try some of these money-saving tips during your next visit.

(Getty Images)

(Getty Images)

The deal hunters at Ben’s Bargains have put together a list of ways to save at the big-box retailer. Here are their suggestions:

  1. Check during the week for aggressive, 4-Hour Flash Sales: These online sales typically occur on Monday, Wednesday and Thursday at BestBuy.com. Timing is always the same, a four hour period between 9 a.m. PT (12 p.m. ET) and 1 p.m. PT (4 p.m. ET). Best Buy likes to theme these flash sales around events like the Super Bowl, thus the product selection will be geared toward that event.

  2. Check Best Buy’s Deal of the Day section for 24-Hour discounts: These online sales are often hit-or-miss according to the Deal Editors on Ben’s Bargains, but you can occasionally find a deal that’s better than other online retailers. These four to five deals are typically refreshed at 10 p.m. PT (1 a.m. ET) each night.

  3. Check Best Buy’s eBay store for sales not listed on BestBuy.com: On occasion, Best Buy will aggressively discount products on eBay, usually in order to move a significant amount of product. These sales are often good enough to pop up in eBay’s Daily Deal section, In addition, you can ship to a Best Buy store for free in-store pickup, even if you purchase the item through eBay.

  4. If you are in college, take advantage of the Student Discounts section: Assuming you are currently enrolled and have a college email address, you should be able to qualify for additional student discounts. Products typically discounted for students include laptops and tablets as well as anything that would be used in a dorm room like small appliances or audio gear.

  5. Avoid purchasing overpriced accessories at Best Buy: This basically goes for any item that Best Buy marks up considerably. Products like HDMI cables, smartphone cases, power strips and power adapters. Margins on these items are huge for Best Buy, thus they attempt to push these items when you purchase electronics. Avoid this at all costs and pick up these accessories for a fraction of the cost on eBay.

  6. Don’t get talked into buying the Extended Warranty: In general, the odds of you needing the extended warranty are really low. Brand name electronics usually have a very low failure rate, thus spending more money on a Best Buy warranty is silly. Best Buy also has very low consumer ratings for their warranties, ranging from people complaining about repairs not being covered to repairs that take forever to complete. FYI, you can extend your warranty with a good credit card. For instance, American Express extends manufacturer warranties by an additional year on all of their credit cards. Other cards from Visa and Mastercard offer a similar extension.

  7. Check for Online Coupons, but be Wary of the Limitations: When Best Buy releases an online coupon, it’s usually limited to a specific product category and includes limitations to products that aren’t on sale. This can be frustrating when shopping online as most coupon sites don’t include those details with the coupon. Of course, you can also sign up for Best Buy’s mailing list, only because they occasionally mail out paper coupons.

  8. Shop at the end of the month for increased negotiation power: Usually during the last few days of the month, store managers will be more lenient with discounts. This is due to the monthly sales metrics that those managers have to report back to their district managers. The greater the sales volume, the happier the district manager is going to be. This could translate into an additional 5 to 10 percent off the price you would have negotiated at the start of the month.

  9. Ask a salesperson which brands are more negotiable: While a good salesperson will subtly direct you to the products that Best Buy sales managers want moved off the shelves, you can also just flat out ask them. These products are usually getting ready to head to the clearance section or have been overstocked by the store. This means that discounts on those items will likely be approved (and usually at a higher percentage than other products).

  1. 10. Use Price Codes for an extra edge in negotiating: Like Walmart and Target, Best Buy uses pricing codes to identify items that are being discounted. Specifically, any price ending in a .99 is usually full price or just a slight sale. Prices that end in .96 are matching a local or online competitor price and prices that end in .92 are usually being phased out at a price that’s close to Best Buy’s cost. You can also look for the letter “C” on the tag, usually in the lower right corner. That identifies a clearance item.