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Netflix recently announced the biggest price increase in the company’s 12-year history, but you can get around it.
One option is to leave Netflix. There are multiple cheaper streaming services, as we detail in “Hulu and 3 Other Streaming Services Are Cheaper Than Netflix.”
But what if you aren’t willing to leave Netflix? Well, here’s a little-known savings secret: You can still shave off some of your monthly subscription cost by paying with a discounted gift card.
Here are a couple of ways to pull this off:
1. Buy discounted iTunes or Google Play gift cards from a wholesale club.
Warehouse club discounts for these gift cards aren’t huge — up to around 5 percent, based on our research this week. Still, this tactic will shave down the cost of a recurring expense that rarely goes on sale.
2. Buy discounted Netflix gift cards through a marketplace.
Another way to buy discounted gift cards — no wholesale club membership necessary — is through gift card marketplaces. These are websites on which folks with unwanted gift cards sell them for less than their face value to folks seeking a deal.
If you buy a gift card for 10 percent off its face value, for example, you will effectively save 10 percent on everything you buy with that card — which could include your Netflix bill. Netflix’s website notes that you can pay for your subscription with a Netflix gift card.
A free comparison website called Gift Card Granny will tell you which gift card marketplace has the best deal on Netflix gift cards — or any other type of gift card — at any given time. Just do a search for a company like Netflix or a retailer or restaurant on the Gift Card Granny website.
You may not land a deep discount with this tactic, but, again, you can still shave down the cost of a recurring expense. And that kind of savvy savings is, well, not to be discounted.
How are you counteracting the effect of rising streaming-service prices on your budget? Share with us by commenting below or over on our Facebook page.
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