The Offer
- Receive a statement credit of $50 when you spend $200 or more at Brooks Brothers using an American Express card that is enrolled in this American Express sync offer.
The Fine Print
- Valid until June 30th
- There is no Twitter hashtag for this offer.
Our Verdict
Physical gift cards will trigger the $50 statement credit, e gift cards will not. Let’s have a look at the break down in profit if you purchase a $200 Brooks Brother gift card:
- Purchase $200 gift card (-$200)
- Receive credit card points (at least $2)
- Receive $50 statement credit (+$50)
- Resell for 75.5% of facevalue to SaveYa (+$151)
Now a profit of $3 doesn’t really sound great, but what is interesting is that Oren’s Money Saver found out that Mr Rebates seems to be paying out on gift card purchases (even though they are excluded). They are currently offering 8% cash back which means you’d earn an extra $16 cash back which would bring your total profit to at least $19 in cash back.
Obviously there is some risk to this deal, the rate SaveYa could drop (and it likely will with so many people selling $200 gift cards), Mr Rebates could decide not to make the cash back payable and a host of other issues could crop up. Personally I think it’s worth the risk, especially if you can unload the gift cards quick enough (and even better if you have bulk rates).
safe to presume that Mr. Rebates is still posting the 8%? Haven’t heard much about it lately
I got a confirmation from Mr. Rebates yesterday for a Friday $200 gift card BB purchase.
Yesterday I ordered 2x $200 gift cards and got the Mr. Rebates confirmation for $32 pending cash back.
Can you use a BB gift card to pay for another BB gift card and profit with the portal?
Heads up- Brooks brothers gift cards ship via Fedex and require signature on delivery from an adult over 21.
Total novice at this, so pardon the newbie question. Why would one choose Saveya over Raise in this instance? When I do a quick dummy listing on Raise it says I’d receive $153.71 for a $200 Brooks Brothers card. Are there other more important considerations for choosing one over the other?
Raise is a marketplace, so you’d need to wait for somebody to purchase it at that rate. SaveYa will just purchase it directly from you and that’s it.
I found this in my Amex offers but the fine print explicitly prohibits gift cards:
“Valid online only. Not valid in-store. Not valid for e-gift card purchases.”
Are you referring to another promotion?
Fine print almost always excludes gift cards, in this case people are still getting the successful emails.
Data Point: After buying $200 physical GC, got confirmation from Amex immediately yesterday & got confirmation from Mr. Rebate early today.
Saveya doesn’t pay separate bulk rate. I am a bulk seller with them.
Regarding “Obviously there is some risk to this deal, the rate SaveYa could drop”- There is another major risk, Saveya and Giftcard.com started removing retailers whose giftcards they get in bulk and if ther retailer is not very famous. I am in touch of their Sr Business Analyst (besides my “dedicated” account manager). I spoke to her regarding adding some more retailers and she specifically mentioned concern with their demand-supply gap and they stretch out sometime in finances due to such mistakes. So now they started removing them completely from the list so no one can sell them any cards.
The recent example is “Chevron”. Since the Ebay deal, they got almost over 300 cards $100 each and its a slow moving cards. So they completely removed it from their sell list.
They had almost nearly over $200000 stuck in Target cards. But target is still relatively moving retailer so they simply reduced rate. But with not so famous retailer, they are extremely sensitive now.
So many grammatical errors, sorry I am feeling sleepy.
I just checked SaveYa, and it seems that it’s only 75% now, not 75.5%.
Simply Best Coupon doesn’t seem to have the gift card restriction. 6% but might be safer bet…
Who actually pays bulk rates these days? I’m a bulk seller with SaveYa and haven’t noticed any. TIA.