Wednesday, December 30, 2009, 4:48AM ET - U.S. Markets open in 4 hours and 42 minutes.
Thanks to high gas and grocery prices, coupon clipping is making a comeback.
Shoppers redeemed 2.6 billion coupons last year, reversing a 16-year decline, according to CouponInfoNow.com. With prices on everything from dairy products to meat on the rise, shoppers are expected to clip even more this year, says Sue Perry, deputy editor of Consumer Reports' ShopSmart magazine.
"Even people who never clipped a coupon in their lives are looking at those circulars that come with the paper," she says.
| More from SmartMoney.com: How to Cut Food Costs Grocery Rewards Cards Often Arent Worth It 6 Ways to Dine Out for Less |
Realizing that coupons help create loyal customers, retailers, marketers and manufacturers are rolling out new technologies that make coupons even more accessible to shoppers, says Matthew Tilley, marketing director for CMS: The Promotions Logistics Company, the industry consultant behind CouponInfoNow.com.
Supermarket chain Kroger's, for example, offers services that enable consumers to load coupons onto their cellphones, or link them to their store loyalty card.
Here are five new ways shoppers can take advantage of coupons — and none of them require a pair of scissors:
Coupon Kiosks
Forget about the Sunday newspaper. Now shoppers can print coupons inside the store. Shoppers at CVS, Marsh Supermarkets and Giant Eagle stores can swipe their loyalty card at an in-store kiosk and receive coupons based on purchase history and current store specials.
At Stop & Shop, shopping carts are armed with mini-computers that tally purchases and offer coupons.
And at Mesa Riverview Mall in Mesa, Ariz., recently-installed interactive kiosks enable shoppers to look up coupon codes — like 10% off at the mall pizzeria — and send them via text message to their cellphones.
Loaded Loyalty Cards
"People don't want to take the time to clip the coupons, remember to take them to the store and then, once there, remember to use them," says Alicia Rockmore, founder of Buttoned Up, which offers tools and tips to help consumers get organized. AOL's new Shortcuts seeks to streamline the process.
The web site lets consumers load manufacturers' coupons onto their store loyalty card and use them at checkout. Kroger's (and its affiliated brands) currently offer the service.
A similar technology, created by loyalty marketing firm Chockstone enables shoppers to load participating retailers' loyalty club information — like how many cappuccinos you need to buy to earn a free one — onto a credit card.
That way, members' award points and discounts automatically get applied at checkout. Subway, the sandwich-shop chain, plans to start using the newly-developed technology this year.
Shopping Widgets
Last month, grocery chain Meijer released Mealbox, a downloadable computer program that helps consumers prepare shopping lists and find associated deals. The widget alerts shoppers to store sales and automatically attaches any available coupons. Shoppers then print out the list so the coupon barcodes can be scanned at checkout.
Web Coupons
The pitfall of web-based coupons has long been in-store acceptance, says Edgar Dworsky, founder of ConsumerWorld.org, a consumer advocacy site. For retailers, it was tough to tell the real thing from a fake because there were no barcodes or other authentication measures in place.
Now sites like SmartSource.com and Coupons.com use barcode-printing software that helps remedy that problem.
Shoppers can easily click on the coupons they want and print them out without too much concern about whether or not the store will accept it. (Still, it doesn't hurt to check with the retailer first.) Just be aware, manufacturers typically limit shoppers to just two printouts per coupon, says Dworsky.
| More from Yahoo! Finance: • The Best Sites for Coupon Clipping • Expect a Jolt When Opening the Electric Bill • Save Money on Phone, Internet, and TV Visit the Family & Home Center |
Cellphone Coupons
The next big thing in coupons: cellphones. According to Juniper Research, a U.K.-based market researcher, marketers expect mobile coupons to generate $7 billion annually by 2011.
Among the services that offer this technology are Cellfire, a mobile web browsing application that downloads and stores coupon codes on cellphones free of charge (you'll have to pay data usage charges on your cellphone, however).
Recent deals include a two-for-one rental at Hollywood Video and $2 off a haircut at Supercuts. Last month, McDonald's began testing RFID-enabled cellphone coupons in Japan — the same contact-less "wave-here-to-pay" technology used in drugstores, supermarkets and gas stations. Exxon Mobil has Speedpass, while both CVS and McDonald's use RFID-enabled payment terminals.)
See today's average rates across the country.
| Loan Type | Today | Last Week |
|---|---|---|
| 30 Year Fixed | 5.34% | 5.20% |
| 15 Year Fixed | 4.67% | 4.65% |
| 1 Year ARM | 3.87% | 3.91% |
| 30 Year Fixed Jumbo | 6.20% | 5.97% |
| 5/1 ARM | 4.50% | 4.28% |
| 3/1 ARM | 4.87% | 5.02% |
| Loan Type | Today | Last Week |
|---|---|---|
| $30K Home Equity Loan | 8.40% | 8.37% |
| $50K Home Equity Loan | 8.32% | 8.27% |
| $75K Home Equity Loan | 8.36% | 8.30% |
| $30K HELOC | 5.17% | 5.16% |
| $50K HELOC | 4.91% | 4.90% |
| $75K HELOC | 4.92% | 4.90% |
| Loan Type | Today | Last Week |
|---|---|---|
| 36 Month New Car Loan | 6.66% | 6.71% |
| 48 Month New Car Loan | 6.80% | 6.84% |
| 60 Month New Car Loan | 6.84% | 6.88% |
| 72 Month New Car Loan | 6.12% | 6.12% |
| 36 Month Used Car Loan | 7.12% | 7.17% |
| 48 Month Used Car Loan | 7.05% | 7.05% |
| Card Type | Today | Last Week |
|---|---|---|
| Business Credit Cards | 10.74% | 10.74% |
| Low Interest Credit Cards | 11.97% | 11.97% |
| Balance Transfer Credit Cards | 12.09% | 12.09% |
| Cash Back Credit Cards | 12.49% | 12.49% |
| Instant Approval Credit Cards | 13.32% | 13.32% |
| Reward Credit Cards | 13.42% | 13.42% |
Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data and daily updates provided by Morningstar, Inc. Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.
Yahoo! Answers is provided for informational purposes only, and no Q&A is intended for trading or investing purposes. Yahoo! shall not be responsible or liable for the accuracy, usefulness or availability of any Q&A information, and shall not be responsible or liable for any trading or investment decisions based on such information. View Complete Answers Disclaimer.