Update: They have now added a $200 denomination with a $6.95 fee (our affiliate link here and below).
I was doing some deal searching for Prime Day and noticed something I’ve never seen on Amazon before: Visa gift cards! They come in the following denominations:
The cards are issued by Sunrise Banks. It seems like you’re limited to purchasing a maximum of two per order and unfortunately you cannot use Amazon gift cards to purchase these Visa gift cards. The best you would be able to realistically do is use a card that earns 5% back on Amazon purchases. $200 cards could make some sense to purchase now. Fingers crossed Amazon decide to sell some variable load ones with a maximum of $500! I’d also recommend reading through our complete guide to saving money on Amazon.
Would this scenario make sense – use amazon visa to purchase for 5% back and then use a square account (I have tens of thousands of free processing credits) as the cashout? On a 206.95 purchase (200+fees) each card would earn $3.40 net of fees assuming no square processing fees. Doesn’t really help in terms of MSR or MS in general but would eventually stack to a few extra bucks of amazon credits if done enough times.
when u get shut down, let us know for good laughs.
Shut down by whom? Can’t imagine it would be an issue with amazon if you’re just buying on a credit card without trying to break any rules.
square can possibly shut down those who swipe prepaid cards since it’s very sensitive once it detects prepaid BINs.
Yeah, if you see purse.io, it seems most orders are for the Amazon VGCs and you can get those for at least 10% off with BTC. I have zero affiliation with purse.io or BTC. So feel free to delete the post if it doesn’t fit the guideline here. I was just wondering how these folks might be turning it into some profit.
It’s my cashback match year on Discover IT.
Would be an effective 10% back (minus purchase fees of course)
Has anyone confirmed that Discover will treat this is as a normal Amazon transaction?
discover would not know what you bought.
“Sold by Amazon Payments, Inc.” and they are treated separately throughout the checkout process (for example, can’t use Amazon balance) so it is very possible that they post differently. However, it shouldn’t matter, because Discover says “Amazon.com purchases include those made through the Amazon.com checkout, including digital downloads, Amazon.com gift cards, Amazon Fresh orders, Amazon Local Deals and Amazon Prime subscriptions and items sold by third party merchants through Amazon.com’s marketplace”
Discover IT has amazon on Q4 cat which should work for the 5% up to $1500 but profit is very slim.
Can I use CashBack websites combined with your affiliate link?
Nope. We appreciate when people use our links, but some categories do have a portal availability (e.g. clothing often has a portal option) so then your best bet would be to use the portal.
For Visa cards, I don’t know of any portal availability, but we do get a commission.
I couldn’t seem to find any useful use case for this. High fee, can’t use GC, did I miss anything?
If you have Discover IT card, activate Q4 offer that gives 5% at amazon.
can you buy them with Amazon gift cards?
No
Could this VGC add to Venmo?
Think so, just keep in limit the Venmo card limits.
since no GC to VGC, its nothing. but also im not really interested in getting my account shut down. their BI and AI is off the charts…
Does anyone know in which store I can buy a $500 VGC? Thanks
Drugstores and grocery stores often carry them, e.g. CVS.
Drugstores sell Vanilla GCs, grocery stores sell non Vanilla GCs; other stores like Dollar General and Fred’s also carry Vanillas but it’s hit n miss if they accept CCs; most of the discount stores will only take cash.