updated 02:25 am EST, Tue November 22, 2011
Significant savings, but very limited quantities
Canadian bank TD Canada Trust will be offering its credit card customers an unusual TD Rewards special on Black Friday: a chance to buy a brand-new 16GB (Wi-Fi) iPad 2 for $299, a savings of $220 from the normal Canadian retail price of $519. The iPad is one of two "red hot deals," signalling a drawing requirement to "win" the opportunity to buy one at that price.
The deal is part of a promotion that offers other special deals every weekday between now and Dec. 16th, which also offers other items at great savings. To enter, cardholders click on the item in the store on the day it becomes available to be entered into a draw for the opportunity to buy it at the reduced rate (one entry per TD account). The quantity available and the number of entries will be shown by 4pm the same day, and winners will be notified by e-mail and be able to purchase a unit at the sale price. "Red hot deals" will not be re-stocked after the drawing, unlike the other offers.
In the current flyer, the only other "red hot deal" is a Nikon J1 camera with a 10-30mm VR lens in white, which is offered at $400 (a $250 savings). The bank is also offering 20 prizes of $10,000, with an entry automatically generated each time customers use their TD credit card.
The iPad promotion falls on Black Friday despite the fact that Canadian Thanksgiving happens in mid-October. US electronics chains in Canada such as Best Buy often offer Black Friday specials, and other retailers use the weekend to kick off the Christmas buying spree, but for most Canadians the biggest sale event of the year is the week after Christmas, starting on Boxing Day.