US Bank business card employee spend does not count towards spend requirements by Frequent Miler. Sometimes I don’t understand big businesses, US Bank has probably spend $400+ acquiring this customer and then they have thrown that relationship in the toilet because of 35,000 points. Instead of saying that this person won’t get the points, imagine the good will they would have brought themselves if they said “Here are the terms, you didn’t meet them. But because you tried to complete the minimum spending requirement in good faith we’re going to give you the points anyway”. All of a sudden you have somebody that is going to tell all of their friends, family and fellow friends the good customer service they received effectively getting yourself a brand evangelist for 35,000 points that you were expecting to pay out anyway. Instead you’ve now got somebody that is going to trash your brand whenever they can and will be unlikely to put any spend on the card anyway, so there is zero chance of you recouping the initial acquisition cost. This sort of move isn’t only bad for consumers, it’s also a terrible marketing decision. US Bank, you suck.
Money Making Opportunity To Sell Gift Cards On Raise by Chasing The Points. Raise has been very good to me recently (and a number of readers) bought & sold ~$5,000 in Macy’s gift cards for a ~4% profit + credit card points all while I’ve been in my underpants. I find I’m doing less and less traditional manufactured spending and more and more gift card churning. Big thanks to CTP for helping me step up my game.
Minor hiccups with Raise fun we had (I don’t know if they should be considered Major), 6 of the Macy’s giftcards I bought from Raise’s sell ended up having balance drained out (or may be cancelled, I don’t know really). Fortunately, I didn’t resell them yet to a reseller and Raise refunded my money on those orders with just 1 email.
The only concern here is if after selling those codes to reseller, those are drained out/cancelled by seller on raise, my relations with reseller could be strained as they would see that as I drained them out.
May be a little pullback needed while buying from Raise and reselling to another reseller.
Jonathan (@guest_82376)
February 27, 2015 09:52
#82376
what was the deal on macys gc? coupon code worked on them?
Thank you :). Your GC reselling series is by far one of my favorites of all time, lots of good actionable tips that I was able to put into practice.
KP (@guest_82150)
February 26, 2015 20:05
#82150
Oh so, you were one of the competitors, I had in buying them at Raise. They were selling like a hot cake and sometimes, before even I finish checkout, out of 5, 1 would disappear…!
We had fun, but I guess, we are the reason, most of the reseller lowered their rate.
Yeah, it’s a shame the rates have dropped so much but it was good while it lasted. How much volume did you end up doing? I’m glad other readers were able to get on those deals as well.
I ended up doing about $7500 in volume, although only first about $5500 had a profit about 4%, rest $2000 were sold mostly at the same purchase price. Still Its the best volume I had in a month.
Minor hiccups with Raise fun we had (I don’t know if they should be considered Major), 6 of the Macy’s giftcards I bought from Raise’s sell ended up having balance drained out (or may be cancelled, I don’t know really). Fortunately, I didn’t resell them yet to a reseller and Raise refunded my money on those orders with just 1 email.
The only concern here is if after selling those codes to reseller, those are drained out/cancelled by seller on raise, my relations with reseller could be strained as they would see that as I drained them out.
May be a little pullback needed while buying from Raise and reselling to another reseller.
what was the deal on macys gc? coupon code worked on them?
@Jonathan- No coupon code, for a brief period they were selling at 25 to 27% discount price which gave little profit in reselling.
Oh i remember that post! haha and I agree this is an amazing blog.
For awhile they were even 30% discounted but those didn’t last long at all.
I was able to get 1 $50 GC even for $25…Lol. I don’t know if that was seller’s mistake or what. But I jumped on to it in a second.
Will, I’m glad I was able to help you step it up!
Thank you :). Your GC reselling series is by far one of my favorites of all time, lots of good actionable tips that I was able to put into practice.
Oh so, you were one of the competitors, I had in buying them at Raise. They were selling like a hot cake and sometimes, before even I finish checkout, out of 5, 1 would disappear…!
We had fun, but I guess, we are the reason, most of the reseller lowered their rate.
Yeah, it’s a shame the rates have dropped so much but it was good while it lasted. How much volume did you end up doing? I’m glad other readers were able to get on those deals as well.
What was the deal? I seriously need to find a way to be updated on these deals. Any recommedations?
read every post on this amazing blog
@Phil- I second David’s comment. Read this blog at least once everyday and you will be on the top of every thing.
I ended up doing about $7500 in volume, although only first about $5500 had a profit about 4%, rest $2000 were sold mostly at the same purchase price. Still Its the best volume I had in a month.
Thanks to you, Chuck and Chasingthepoints.