Last week, there was a money making gift card churning opportunity on eBay that Miles To Memories covered.
It was a money making gift card churn because as soon as you buy it, you are receiving 15% off the face value. In addition, if you were targeted, you could earn have earned up to 8% back depending on the offer from eBay Bucks. For me, it would have been an extra 6%
Tack on TopCashBack for a 1.5% at eBay and the potential maximum cash back for this gift card churn would be:
- $25.50 from eBay
- $6.38 from TopCashBack
All of this at an original cost of $425. Sell it at 86% and you’d be set to receive $430 back, then after all the cash back you’d receive $461.88, a $36.88 profit. This is excluding whatever credit card points you’d be earning. Best to use the Ink as it’ll count as an Office Supply category.
Note for those keeping track, Shawn’s profit is different than my profit because he had a 4x eBay bucks offer, and I have a 0% difference in commission listed on GiftCard Granny to sell electronic gift cards and physical gift cards.
How Did I Miss The Deal?
I missed the deal not because I wasn’t in front of the computer, but trying to resolve an eBay and PayPal issue. The issue is still not fixed. A lot of finger pointing between the two entities and now they’re blaming the store.
Why I’m OK
I didn’t have the fear of missing out (FOMO) syndrome. Deals come and go, and while this offer was an easy money maker, I’m OK with it because I’m sure there’ll be more offers like this. I’ve got gift card churning down to a science and just like normally I do not not chase credit card sign up bonuses, I will not go all nuts or bent out of shape if I miss a deal.