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Buying gift cards for credit card points


The twist is that there are special cases where the re-purchase of gift cards can be done at a discount and/or with some form of cash back.
Everyday Gift Cards is Woolworths website to purchase gift cards.
A couple of words of caution The key thing to remember with gift cards is that they are a case of use it or lose it you cant get any balance back from them; and any balance left when the card expires is forfeited.
While a lot of these arent worth your time once you do the maths, there are some useful options out there for saving money, and boosting your points balance.Double Back: The double back churn is like the double dip in that you buy gift cards through an online shopping portal, but then instead of buying merchandise, you go through the shopping portal a second time to buy more gift cards using the gift.Basically it works like a normal gift card, however instead of a piece of plastic in your hand you get an email with a card number and PIN.Each step is described below in more detail.The advantage of doing this is that you can start with buying a gift card that gives you the most points for the purchase, but then upgrade to a gift card that you can more easily use or sell.The problem is that EBay fun and rewarding careers charges up.7 in fees.How to boost your points and save money by using discounted gift cards was last modified: February 19th, 2017 by Jason Belcher.This way, they can anticipate the changes so that they can adjust their shopping patterns as needed to continue optimizing their collection of rewards points.
As an example, JB Hi-Fi would earn you 1 Membership Rewards point per dollar on your American Express card, and charge you.5 surcharge for the privilege.
I only have experience with PlasticJungle so Ill describe how that works: Go to PlasticJungle and select Sell us your gift card.
A 2016 survey by the National Retail Federation found that 56 percent of shoppers planned to give gift cards for the holidays.
His entire blog is geared towards gift card churning alone.In those cases, Ill publish the pieces without putting together the puzzle, and Ill leave it to you to figure out the best way to profit from what youve read.There are several reasons to buy gift cards instead of merchandise: gift card purchases are not charged sales tax; gift card purchases usually dont incur shipping and handling fees (although this varies by vendor and gift cards are easier than most other merchandise to upgrade.A better option is to use a credit card with category spend bonuses.Whats an e-gift card you ask?You could just buy the coffee on your credit card.You can read about upgrading at Sears here, and at Kmart here. One such person who does have a great deal of know on the subject is one of my favorite bloggers, FrequentMiler.But where the gift cards can really add up is with taking advantage of category bonuses.There are a few reasons that you might be interested.If that is your reasoning, please note that gift card churning involves financial risks, and Id argue that youd be better off spending your time working towards improving your credit scores than worrying about points and miles.




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