Published on November 20th, 2018 | by Chuck17
Raise Cash Back Review: Buy New Gift Cards in Exact Amounts from Raise.com and Earn Cash Back [Update]
Raise.com is a marketplace for buying and selling second-hand gift cards. They’ve now launched Raise Cash Back, a platform to buy brand new gift cards in exact denominations and earn cash back.
It’s similar to the United MPX app which earns miles on first-hand gift card purchases, except that with Raise you’ll earn Raise Cash back which can be used toward a future Raise.com purchase. Within the Raise app, look for the Raise Pay tab. Raise Pay is not available on the web, only in the app, but after making the purchase you can see the gift card in your web account under My Orders, and the bar code is viewable both in-app and in your account history too.
The Raise Cash earned can be used on any future Raise purchases, whether a first-hand card or a regular Raise.com second-hand card purchase. It’ll come off automatically on the checkout screen, whether you checkout in-app or on the web. (You can only make first-hand Raise Pay purchases in-app, but you use your Raise Cash with an app purchase or a web purchase.)
Dozens of brands are available to purchase with Raise Pay, top brands include Home Depot, Best Buy, Gamestop, and more. The Raise Cashback rate varies by the brand. Here’s a partial list (as of today):
- Home Depot 1.5%
- Best Buy 2%
- Hotels.com 6.5%
- Bed Bath & Beyond 3%
- Gamestop 6.5%
- Stubhub 2%
- Petco 3%
- Bath & Body Works 5%
- Ulta 5%
- Domino’s 6%
- Groupon 4%
- Dunkin Donuts 1%
- Under Armour 6%
- Royal Caribbean 10%
- Office Depot 7%
- Krispy Kreme 10%
- Atom Tickets 7%
- Find dozens more and their current cashback rates in the Raise Pay tab within the Raise app
Payment is with all regular Raise payment methods, including credit card, Paypal, and Apple/Samsung/Google Pay.
Currently, I see somewhere around 75 brands, hopefully Raise will build that out over time. Some of the brands like Home Depot have a $25 minimum while others like Gamestop have a minimum of just $5. So long as you are above their minimum, you can typically specify an exact denomination you choose to buy which is nice for making a purchase without leaving anything over. Unfortunately, with Best Buy you can’t specify a denomination – only $25, $50, and $100 is available.
Overall, this can be a useful tool to keep in your arsenal. Not great earning rates on top brands like Home Depot and Best Buy, but better than nothing, and for resellers or businesses making large purchases these small discounts can add up. We’ve added Raise Pay to our Complete List of Methods to Buy Gift Cards with Discounts and Bonus Rewards.