Discover has an interesting proposition redeeming their cash back and gift card churning from 2% to 4% back. You save 20% of your Discover cash with Gap and Lands End and selling the aforementioned cards you would receive 82% or 84% back respectively. Netting an arbitrage of 2% for Gap and Lands’ End with 4% if you sell at Giftcards.com.
82% is poor payout. Depending on location, you can do much better with Lands Ends GCs…
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