LuckyChic

Lucky Chic really rocks. It's a sample sale where you can get really good discounts (I've seen a $75 item go for less than a $1) on brand new stuff from Apple iPad to Zara. Also travel and plane tickets, gift cards from luxury retailers like Saks, Barneys and authentic handbags from Louis Vuitton. Great selection and service. The one thing to remember is that it can take a little bit of time to get the hang of it. But once you do it's super fun.

I found Lucky Chic after reading Entrepreneur Magazine - (saw them on the Brilliant 100 list for June 2010). This site is not for me, but here's my opinion on how it works. It's different from other discount sites. You're trading time and strategy in order to get a huge discount. I've noticed some people will engage in a huge bidding war and might 'overpay' for an item. But then, they'll win big because they've psyched out the other members. So add it all up, and they've gotten a good deal overall. It's like a shopping trip where some items are on huge sale and others aren't - except you decide where you want to get the discount. Anyway, cool idea.

This is a total rip off!

They have these things called lucky chips: they're $0.60 each and ring p as $0.10 on each bid; each chip is $0.10 but worth (in real dollars) $0.60 each. So if I want to by 10 chips, on the web site it will read as $1.00 (. 10 x 10), but will cost me $6.00 of my actual money.

I had no problem with this because I was under the impression that if you lost a bid, you would get your lucky chips back; I was mistaken! I've lost $6.00 of my own money for something that someone else ended up over-paying for by about $15 bucks (of real money).

If you look at a lot of these, people are unwilling to buy $60.00 worth of chips and loose any of them, so they over-pay for the items by at least a couple of dollars. For example, right now as I write this, someone is paying $167.00 (real money) more for a Kindle that is worth about $189.00

There are just so many ways to loose your money without getting anything. I call scam on this one.

I'm going to place the rest of my money on one more item and then close my account.

Don't make the mistake I made... it'll cost you a lot!

This site is 100% SCAM. I was originally enticed to bid because I saw that people were winning items much lower than its retail value. It's basically 6 cents a bid and the product's price goes up by 1 cent, 10 cents, or 20 cents per bid. Since I figured that the big ticketed item would have a massive bidders, I tried to go for the lower ticketed items which is a gift card for $10 which goes up by 1 cent per bid. Imagine this, I bought $18 worth of luckychips which gives me 30 lucky chips. I tried bidding on a $10.00 gift card from walmart, and I waited until there was one "CONCIERGE BIDDER" - It's supposedly an automatic bidder while a person is away, but it seems like the CONTROLLER of the site bidding, since they seem to have ENDLESS chips and they keep bidding even though in actuality they have spent more than the asking price. So I bid 15 times for the item, that's already $9 i spent. I stopped bidding eventually and the giftcard is now worth 82 cents which is in actually worth $49.20. And the "concierge" is still bidding for the same item, which had already cost IT more than $30 from all her bids. LIKE I SAID, SCAM SCAM SCAM!