The Offer
- Raise.com is currently offering Macy’s gift cards at a 23% discount and Dunkin Donuts for a 20% discount. It’s possible to make a profit by reselling these giftcards.
The Fine Print
- These are eGiftcards not physical cards
Analysis
Macy’s
Let’s assume you purchase $100 in gift cards, you would be paying $77 and then can stack it as follows:
- Use a cash back credit card that earns at least 2% cash back ($1.54)
- Purchase through Topcashback to get an additional 1% cash back (+0.77)
You can currently resell these for 79.5% of their face value to Giftcards.com so that would get you another $79.5. You get a total of $81.81 back and you would have spent $77 for a profit of $4.81 per $100.
Dunkin Donuts
Let’s assume you purchase $100 in gift cards, you would be paying $80 and can stack it as follows:
- Use a cash back credit card that earns at least 2% cash back (+$1.54)
- Purchase through Topcashback to get an additional 5% cash back (+$3.85)
You can currently resell these for 80.5% of their face value to Giftcards.com so that would get you another $80.5. You’d get a total of $85.89 back and you would have spent $80 for a profit of $5.89 per $100.
Final Thoughts
If you’re a new customer of Raise.com, you can also get an additional $5 off your first order. There are a couple of limits to keep in mind:
- You can only get cash back through topcashback on $1,000 in lifetime purchases with Raise.com
- You’re limited to selling $300 to Giftcards.com until you become a bulk seller
This is better than a similar deal that was offered earlier this week, I expect the gift cards to sell out quickly. This will probably be most useful to those trying to meet minimum spend requirements, but I think the profit margins are high enough for those just doing straight cash back.
If you’re new to gift card reselling, do yourself a favor and read Chuck’s complete guide to selling your gift cards for cash.
This post contains referral links, please consider using the following:
- Sign up for TopCashBack and receive a $10 bonus when you earn $10 or more, I’ll also earn $10
- Sign up for Raise.com and receive a $5 discount on your first purchase, if you spend $50 or more Chuck will receive $5 as well (you might need to add “REWARDS5” when you check out, but you should be sent this or a similar code after signing up).
