Small Gift Gard Arbitrage Opportunity: 20% Discount On Macy's Giftcards At Raise.com

Contents

1 The Offer
2 The Fine Print
3 Our Verdict

The Offer

Raise is selling Macy’s gift cards for 20% off (a few are even more heavily discounted at 20.5%)

The Fine Print

These are eGiftcards, not physical gift cards

Our Verdict

You can resell these gift cards to GiftCards.com for 80.5% of their face value, this would net you 0.5% profit. But we can make this deal even better:

If you don’t have a Raise.com account, use Chuck’s link and you’ll get a $5 discount on your first order Update: you need to add REWARD5 to the checkout (he will also get $5 if your order is over $50)
Shop through TopCashBack and receive an additional 1% cash back (you’re limited to $1,000 in sales for life)
Use a credit card that earns at least 2% cash back
Resell to GiftCards.com for 80.5% of face value

This means you’d be paying $35 for your first $50 gift card and would earn an extra 3% cash back ($1.05) and you’d be able to sell it for $40.25 ($6.05 profit), obviously the majority of your profit is coming from the sign up bonus. Your second gift card purchase you’d pay $40 and earn 3% cash back ($1.2) and you’d be able to resell it for $40.25 ($1.45).

You’re also limited to selling $300 to GiftCards.com until you’re approved as a bulk seller and all the other sites you’d lose money on reselling these cards. Personally I don’t think this deal is worth the risk/time involved but if you need a few hundred dollars to help meet a minimum spend then it might make sense, although I think there are better options out there.

If you’re new to gift card reselling, make sure you read this post first: The Complete Guide to Selling your Unwanted Gift Cards for Cash.

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