Best deal/coupon for on-line wine shopping

The 20% said it expires 7/31. Was planning to use the $20 off $50 with it but lost track of days, oops :frowning:

There are some $20 off $100 codes: PSNEW, ENTDEAL20

Wasn’t there yesterday either, despite having been reported to run through 7/31. I wonder if they hit some threshold they have to stop per terms with the retailer.

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I suspect all the coupons/portals for wine.com are related to pumping up their numbers before another capital raise effort.

bberg reported this today

bottom line: enjoy the coupon craziness while it lasts, it doesn’t seem long term sustainable

====================

Wine.com Seeks Funding at Valuation of More Than $1 Billion (1)
2020-07-31 17:38:33.730 GMT


By Gillian Tan and Scott Deveau
(Bloomberg) – Wine.com, an online retailer that lets
customers chat live with sommeliers, is exploring a funding
round that’ll value it at more than $1 billion, according to
people with knowledge of the matter.
The company has tapped an adviser for the fundraising,
which may target so-called crossover investors or firms known
for backing fast-growing companies ahead of a potential initial
public offering, said the people, who asked not to be identified
because the talks are private. Wine.com is seeking to raise
around $50 million to $75 million, one of the people said.
A Wine.com representative declined to comment.
The San Francisco-based company, which offers a membership
program that includes unlimited shipping, said this month that
it posted revenue of $106 million for the quarter ended June 30,
up 283% from a year earlier. Its trailing 12-month revenue was
$244 million, a 79% increase.
Wine.com said it held 20 virtual
wine tastings that were attended by 40,000 households
collectively.
“The last quarter has fundamentally changed our growth
trajectory,” Chief Executive Officer Rich Bergsund said in a
July 16 statement.
The company’s backers include Goldman Sachs Asset
Management’s private-credit group and Baker Capital.
Many online retailers have seen sales surge as customers
across the U.S. remain stuck at home amid efforts to stem the
spread of Covid-19. On Thursday, e-commerce giant Amazon.com
Inc. reported a record profit for the second quarter.

What’s the email address to esquire about the RMN cashback after 45 days? I replied to the initial activation email, but haven’t received an answer.

I used a 30 off 150 wine.com coupon about 10 days ago. Not the best, but wasn’t too bad in conjunction with RMN 20%. I am pretty sure it was TAUB30.

There is a “contact us” button at the bottom of the page. That brings up a form you can fill out to initiate a “case” for payment. You’ll be able to attach your invoice or a screenshot.

If they were discounting below whatever margin they want to hit and missing it, then it might not be sustainable. Based on WS Pro, their advertised prices are consistently 20%-30% higher than retail elsewhere so coupons just bring them inline with market. I am assuming that even discounted to this market “average”, their margin is decent. At their full advertised retail price, the margin is probably pretty damn good. If they get their raise (which seems likely at whatever valuation), the coupon party will not only continue, it will get louder.

That’s not really a like for like comparison - the wine.com price is generally going to include shipping since I suspect so many of their customers have StewardShip. I don’t think an AmazonPrime style of shipping model - ‘all you can eat’ for one annual fee is going to work without more rules. Even Amazon in the early days before they had their own logistics network had some minimums. Right now wine.com lets a customer (if they wanted) buy a $7 bottle and get it shipped, all by itself. And they don’t have any incentive system, or rules to prevent that.

It just seems too Moviepass like to me. But hey, if VC funds want to throw money at this, and build the Amazon of wine+delivery, we can enjoy it while it lasts. I’d just keep an eye on the SS autorenewal if the discounts/coupons/portals start drying up since then the value proposition changes.

BTW, I’m not sure if others are seeing it, but referral links started showing up my wine.com account again.

On average, yes, wine.com prices are 20%-30% higher than WSP but if you pick the deals carefully you can get 20%+ off of WSP low plus free shipping. Not gonna help a lot for a case of $200 Bordeaux but for onesies and twosies or under $50 wines it’s been pretty awesome. For instance Chateaux Figeac $224 WSP low ($185 Binny’s Ill only) comes in at $166 with wine.com codes.

Pretty sweet deal out there now on WineAccess if you have the AMEX 50/150 offer on one of your cards. Pair that with this $50 off referral Friendbuy - Forwarding To Destination and score 3 2017 Frog’s Leap Estate Rutherford Cab for $26 each.

Popped one just off the truck last night with steaks, so good and can obviously age 10-15 years.

Moviepass was structurally a lot more risky but I agree with the overall sentiment. As Matt Levine @ Bloomberg wrote in one of his infamous columns, “the King of Saudi Arabia is sending hot chocolate to everyone in Mexico City”. (Saudis were major backers of Softbank’s Vision Fund. The latter plowed a ton of money into Uber-like services that operated in places such as Mexico City and did food delivery at low(er) cost due to being subsidized by venture capital)

The capital raise angle, coupled with the revenue growth focus in the press release, seems to explain all the heavy discounting. Given that the RMN 20% promotion was in July, though, it would seem that they aren’t looking to slow down after Q2 and hopefully there are more coupons and bit RMN promotions to come…

Just checked my Amex offers page again, still no wineaccess, but there are some new ones in there. I take it from this that I just have to keep checking every so often, that I’m not going to get an email or other notice of new offers on my card?

That’s killer. Was looking at a wine.com deal that would have come in at $32 per.

Yup it’s a crazy deal when you bundle. Killer juice!

I have chase sapphire. I looked on their site. Didn’t see any good wine deals. Has anyone found any good offers with that card?

YT50 - $50 on $150
ZU30 - $30 on $100

Mortimer, we’re back! champagne.gif

Rakuten doing 10% cash back on 8/3. Hoping it includes wine.com

I saw that too and was hopeful, but am somewhat worried by those reporting that the discount codes disqualify a purchase from the Rakuten rebate. Anyone have recent experience with this going either way?

My last experience on that point was Rakuten refusing to honor the cash back because I used a non-Rakuten discount code.

Edited: I should correct that. My last experience on that point was Rakuten saying that using a non-Rakuten discount code disqualifies the purchase from receiving cash back, but they’d make a one-time exception for the purchase in question, but not for any future purchases.