Ok new to the Kohl's game. We don't have one anywhere close by but I was approved for a Kohl's card yesterday. I saw where they had the Barbie dreamhouse for $199 with $60 Kohl's cash back. Does it make it a good deal? Does Kohl's cash spend like regular cash or does it have lots of exclusions? I was thinking I could spend the $60 on her some clothes for Christmas. Or should I try to find the dreamhouse cheaper elsewhere (Sam's Club has it for $175 now)?
You can use Kohl's Cash to pay for pretty much anything. The main "catch" with it is that they take the Kohl's cash off your total before applying any discount codes you might have. So to maximize the value of the Kohl's Cash, it's best to use it either during sales that don't have any coupon discounts (like the current sale) or on categories or brands that aren't eligible for coupons anyway (toys, electronics, team fan gear, many name brands such as Nike, Adidas, KitchenAid, Dyson, etc.). But you can still use it for clothes like you want.
Also, if you are going to buy the Dreamhouse, also make sure you are signed up for the Kohl's Rewards program. During this sale, Kohl's charge cardholders get 3x rewards which comes out to 15%. So you'd get the regular Kohl's Cash (which as of today is down to $10 per $50 spent) plus 15% back in points which convert to even more Kohl's Cash.
With a Kohl's charge card, if you spend $200 today through Thursday (and make sure your pre-tax total is over $200, not $199), you'd get $40 Kohl's Cash + triple rewards which would amount to another $30 Kohl's Cash at the end of the month for a total of $70 in Kohl's Cash.