The Offer
Direct link to offer (our eBay affiliate link)
- PPDG on eBay is currently selling $100 Sears eGiftcards for $85
The Fine Print
- You can purchase a maximum of 5
Our Verdict
Chase Ink Cash/Plus cards earn 5x Chase UR points on these purchases. As far as I know no portals are paying out on third party gift cards on eBay anymore, but it probably doesn’t hurt to go through a portal anyway. Resale rates are 84%+ (depending on what you have access to). Not a bad way to generate Chase UR points if you value them or make a very small profit if you cash out for 1¢ each.
Hat tip to DDG
I still have some Sears GC’s from a previous purchase. What to buy???
STUPID PAYPAL! wont let me checkout!!
Fascinating to watch how the average re-selling price dropped this morning (June 2nd) on this…. The Sears ebay deal was up since early yesterday — and I did modestly well “flying under the radar”…. selling a bunch at break even (not counting INK “value”) I was a bit hesitant, having seen past patterns at re-seller manipulation. I was startled at the low volume too, given how many of them (4k and more) had sold via ebay. But late last night, as I’ve seen before, the price manipulators operating on the RAISE boards had set their “traps” — offering to “sell” multiple (consolidated) Sears cards @ 1k…. They’d set these in a bunch, a firewall if you will…. Volume is still low (barely 105 offerings as I write) — but the artificial “wall” set up now has sellers in a panic, dropping their prices 2% to get above the “firewall” — and of course, then the manipulators can pick off the cheaper offerings (just above the wall they created) Can I prove this? No, but having trading nasdaq stocks heavily back in the late 90’s, I know manipulation when I “see” it.
Saw “them” — the same practice — happen few days ago re. Lowe’s….. ($150 cards available at discount in multiple locations — ebay and now Simon Malls)
Lesson learned, watch closely for these deals to emerge — and when they happen, jump on them. By the time…. they get to (venerable) spaces like this, the manipulators (ok, the “big boys”) will have already skewed the market to their favor.
Fair point, strong form of market efficiency…
Can’t we just buy them and hold for a few weeks, when the prices should “reset” back to normal?
you want to hold Sears gift card ‘for a few weeks”? really?
good luck with that… way more risk than i can stomach.
Not sure why people think Sears is falling off a cliff tomorrow.
https://www.fool.com/investing/2017/04/10/sears-holdings-isnt-going-bankrupt-this-year.aspx
The risk isn’t holding Sears gcs, but PPDG bought gcs. If I can’t flip or use them right away, I am not buying again.
If you’re referring to the gc possibly getting hacked like in the past you won’t be out of the woods selling them.
How did you sell a bunch if the limit is 5 per person?
I just went to Raise and see a couple of $1000 cards at 6.6% and some smaller gc at 6.8%. Did you mean .2% rather than 2% as that’s a huge difference?
I always wait 1-2 weeks before selling. Why would you even try selling now (even without “them”). If your credit card bill isn’t due for a month, then why do you have to sell today? Wait it out. The discount always drops eventually when there is a shortage and/or a discount on raise.com itself.