A reader stumbled upon Chasing The Points with the query “profit from gift card churn” and it made me think about the ways to profitably of gift card churning. In my experience, most of the times churning gift cards is unprofitable and netting to 0 in terms of cash. Oftentimes, as many of the points bloggers will point out, it is the redemptions that makes gift card churning profitable.
However, there are a few times throughout the year where you can churn and make money. You need to be on the look out, remember the high rates, and popular gift cards on the fly especially in store offers. Sometimes, you do not need to step foot in a store and you could buy them online whenever Gift Card Mall runs promotions on eBay and earn 2% back from eBay bucks.
Gift Card Churning And Making Money:
Late 2013, there were these deals
American Express Sync offers provide plenty of potential to either churn gift cards profitably or at the very least break even for free points. Some posts on the Sync offers:
Gift Card Churning:
Outside the above examples, consistently buying points at $.01 to $.012 can be easily achieved. Sometimes, it can be lower when the right cards are used during special promotions like the US Airways Dividend And American Airline Miles Mall Promotion Buy Miles Cheaply opportunity.
If you can find the right vendors, upgrading gift cards can lead to a profitable gift card churn. I do not do much of that because it’s not very easy to accomplish in New York City.