The proverbial ink hasn’t dried where my request for higher rates on Cardpool were declined. I am here to report that Cardpool boosted my rates a couple of days ago.
We have updated your pricing to our best tier. Thank you for your continued business.
As soon as I saw that email I immediately logged in and reviewed the rates. There’s actually a handful of rates that are quite interesting and make gift card churning a good business decision. Since this post is broadcasted to a wider audience, I am shielding some of the best rates. We can discuss this on the Saverocity Forum.
As a sampler of the discrepancy between public rates found on Gift Card Granny:
I specifically chose Best Buy, Tiffany, and Walmart. You will see on the publicly listed they are bought at 88%, 0%, and 89% respectively. With the best pricing tier on Cardpool you will be pleasantly surprised to see the rates they will buy.
Now take a look at the rates that Cardpool will buy. Best Buy at 91.25%, Tiffany at 90.25%, and Walmart at 92.25%. This is why I reiterate buying small loss leaders to start off. Build up the volume with solid gift cards, have a proven track record, and the exchanges will reward you. With these high rates, there are better opportunities gift card selling and breaking even. Even using a 1x card like the American Express Starwood Preferred Guest. Combine it with using Santander Bank’s Extra20 and you can make a little money every month.