I still cannot believe and how dumb I was that I transacted over $15,000 worth of gift cards with Cardpool in 2013. All of it was through the mail, without tracking.
This year, 2014, I plan to churn safer and smarter. When I started this post, I was going to choose Gift Card Zen all the way for the peace of mind of free trackable shipping and because I have been working with Gift Card Zen through a few transactions and so far everything has been pretty smooth if I can follow the directions even after Cardpool gave me a raise. I figured the .25% was not worth it.
After I wrote about saving on postage, the hamster wheel in my head caused me to revisit Cardpool and play with the math. Without the raise, GCZ would have earned all of my business.
I would need to transact 4 cards with Cardpool in order to hit the same cost basis number with Gift Card Zen where as I could start with card number one. However, as you can see with the math, starts to work out in favor for Cardpool once we exceed selling 4 cards even after the shipping charges. With the math all laid out, the economy of scale and the flat rate works in Cardpool’s favor.
When I posted about my biggest secret, many readers felt that churning Nordstrom for a penny a point was not worth while for all the work. With the .25% raise, it has dropped the rate and to me a little more palpable rate of $.0088/Ultimate Rewards point.
I’ve made my decision that if Cardpool and Gift Card Zen have the similar rates, I will go through GCZ especially if it is a wash or if I have one or two cards to transact. All BP and Shell gas cards will go through GCZ because they sell on GCZ for 90.50% vs Cardpool’s 90.25% that I could earn.