Gift Card Churning – How To Find A Deal

Often times, many people who gift card churn post “buy Walmart or Target gift cards” because they sell for the highest rate. That certainly may be the case, but is that the best deal?

3 Ways To Find A Deal

1. Gift card arbitrage is best found on eBay where you can bid on the gift cards at the price you want. In addition, you could triple dip with eBay gift cards. Go through TopCashBack and purchase $250 worth of Gift Card Mall gift cards, then use the GCM gift cards with TCB and buy eBay gift cards. At the current rate, of 2% with TopCashBack, that’s 4% back and then another 2% from eBay bucks for the triple dip return of 6%.
2. Upgrading gift cards is another option for gift card arbitrage. I was able to successfully upgrade about $200 worth of Sears/Kmart gift cards into gas cards. I would buy Sears cards about 12% off and buy 10% off gas gift cards for a 2% profit. At the time, Plastic Jungle and Top Cash Back offered 2.5% back and that was quite a haul. However, as soon as I upped production of that, I was shut down by my local Kmart. I wound being stuck with over $200 worth of Sears gift cards. If you can pull it off, this is one of the best routes. 
3. My new trick is buying from a consignment shop. Every week the store buys plenty of gift cards and I compare the discount rates to GiftCardGranny.com. If the rates are favorable, I will buy all of the gift cards and sell to the various gift card sites like Cardpool. For instance, here is a portion of one orderIt is neither Walmart or Target. For the Office Depot card, there is a 15% discount and Petco is 25% off. At the time of writing, Cardpool is buying Office Depot at 85% and Petco at 78%. Office Depot is a wash to manufacture spend and Petco I make 3% from the arbitrage.