Everybody loves free money.
In the spirit of giving, the borough's annual holiday shopping incentive, Collingswood Cash, will return once again next week.
At 8 a.m. Monday, Nov. 21, the madness begins.
Like every year, shoppers who purchase $50 in Collingswood Cash—which acts as a gift card, redeemable at all borough businesses—will get $20 added for free.
That means for a $50 payment, buyers will receive $70 in Collingswood Cash.
“This promotion has brought hundreds of thousands of dollars to our merchants and hundreds of shoppers to our town," said Mayor James Maley of the yearly incentive. "It’s an exciting promotion."
But interested shoppers are urged to hurry—the borough's Collingswood Cash stock has been known to sell out soon after it becomes available.
On Nov. 21, Collingswood Cash can be purchased at the following three locations:
- Collingswood Borough Hall, located at 678 Haddon Ave.
- First Colonial National Bank, located at 1040 Haddon Ave.
- Sun National Bank, located at 627 Haddon Ave.
Each buyer may purchase a maximum of $400 in Collingswood Cash, which yields $160 in free cash.
According to the borough's official press release, "The promotion comes with a coupon book filled with additional offers, from more than 20 Collingswood shops, restaurants, and services, deepening the discounts and offering specials all over town. In previous years, the promotion sold out in just hours, with lines forming around selling locations in town."
Borough officials allot $40,000 in free cash to give away, and this bonus cash is distributed on a first-come, first-serve basis.
Last year, Collingswood sold all $40,000 of bonus cash in just one hour.
While Collingswood Cash can be used at the obvious borough locations—restaurants, boutiques, beauty salons—it can also be redeemed for less-common services, including car work at an auto body, mounting at the borough taxidermist or dental work at a borough-based office.
According to the release, Collingswood Cash certificates do not expire—but all free bonus cash added to a certificate expires on March 31, 2012.
Collingswood Cash may only be bought in denominations of $50.
“This promotion serves everyone,” said Gerard Banmiller, First Colonial National Bank and Business Improvement District (BID) president. “Shoppers get extra spending power for their money by coming to Collingswood, and our business owners see an influx of holiday traffic.”
*Editor's Note: Collingswood Cash is always available to purchase year-round, but only at face value. The free bonus cash promotion is offered just once a year.