eBay is currently offering two gift card deals that are profitable, let’s have a quick look at them. In both cases you buy the gift cards at a 20% discount and they can be resold for 80% of facevalue. This means you’re breaking even, but on top of this you’ll also earn the following:
- Credit card points (at least 2% cash back)
- eBay bucks (2% in value)
- Shop through cash back portal Topcashback to get an additional 1.1% cash back
That’s an additional profit of 5.1% of what you paid for the gift cards. Now let’s look at the two promos:
- $50 TGI Fridays gift card for $40, limit of 5
- $50 Toys R Us gift card for $40, limit of 3
If you purchased all 8 possible gift cards you’d pay $320 and profit $16.32. If you’d previously purchased eBay gift cards at a discount, you’d do even better.
Hat tip to Frequent Miler
Got burned on this churn. Sold them to GiftCardRescue for 80% and they sat on them and then reversed the sale. Forced me to mail them a prepaid envelope for return shipping too or they claimed they would confiscate them in 30 days. They are fraudsters. In the mean time value dropped 10%. I think TGI will bounce back with time, just not sure if it is even worth waiting. All in all I’m going to take a $35 loss and about 2.5 hours of my time for this debacle. That will be the last time I’ll buy a GC I feel may be a pump and dump. The risk and aggravation is just too great vs. the minimal profit.
I added 4X Ebay Bucks to my account this morning and couldn’t figure out why I was only seeing 2% back. I finally looked more closely at see that it starts 8 AM PDT (11 AM EST).
You will have to wait till 11 AM EST or 8 AM PST to see it activated. Then you will see 8%
I guess I wasn’t that clear. I wasn’t asking why I this happened as I figured it out myself. I was advising other people in case they weren’t aware. Thanks anyway.
Lol Sorry morning time is not my best time. I didn’t read properly I guess.
I just checked GiftCardWiki and only Gift Card Zen offers 80% for TGIF. I know for a fact that a few weeks ago CardCash offered about 80% on TGIF and now only offers 75%. Isn’t this taking a big risk that by the time you receive the gc in the mail the rate will fall like the others to 75% (or less)?
There is always a risk involved with Giftcard churn. Its like a stock market. Not for faint hearted.
I don’t think that’s a good analogy. In the stock market you have a risk of a much greater loss and a possible reward of a much greater return. I meant that this specific deal seemed like a bigger risk since at best you’re making a few % at at worst you’re losing 5% or more. Now that Ebay Bucks has a promotion today this is a much safer deal in my opinion.
You are right, analogy wasn’t that good. But I wanted to point out the higher risk involved in Gift Card Churn. I made a good overall profit of 8.1% in last 4 months of Gift card churn. But there were some transaction where I literally lost 2 to 3% by the time I got cards in mail.
What specific website are you guys using to sell the gift cards at? Is there a trustworthy one?
check Gift Card Wiki or Gift Card Granny for rates
William, I texted the required language to 40404 yesterday and got a text that I am signed up but no texts received yet?
Me too.
There haven’t been any time sensitive deals post yet, if you want to be notified or all our posts then subscribe to text updates from @drofcredit
How do I subscribe to these posts
There haven’t been any time sensitive deals yet, which is why you haven’t received one.
you can get 2% back when buying eBay gift cards through Gyft via TopCashBack portal bonus
check your coupons, had a coupon for 10% off total purchase today.
Where do you check for that?
Ebates currently has 2% cash back on eBay…… Is it not working on gift cards?
While not a great deal there is also a $100 for 90 Babies R Us and a $200 for $175 Hyatt Card through svmgiftcards that are a small profit if you have discounted eBay GCs.
Thanks Will! A nice way getting rid of the $300 eBay GC from the Gyft father’s day gig 😉