Hat Tip to Big Habitat for posting: Staples $10 Gift Card on $50 ePromo
I bought $200 and received four $10 ePromos – the $200 gift card was issued almost instantaneously and after the Shop Discover portal click through it was used to purchase a Nordstrom gift card.
Because the $10 ePromo can only be used one per transaction, my plan is to buy four more Nordstrom gift cards, but at lower denominations, $25. Even after the shipping fee, this will become a money maker.
The math:
- Sell the $25 at 89% and add in the shipping fee the loss is $4.74
- Add in the $10 ePromo and the money made is $5.26 per $25 card
- Add in any % from the portals and it would be more than $21 in profit for this promotion
What to do with staples GCs ? purchasing in staples ? may be a dumb question.
I used the Staples gift cards online and used it to purchase Nordstrom gift cards
Well. But we will be loosing $22 when we re sell Nordstrom GC in Giftcard Grany. so net profit is -$1 other than portal bonus.
Did I miss anything ?
If you do exactly what I did with, you’d profit $11.51. The $21 profit above is how I would execute the $10 ePromo gift certificates.
Here’s the math for what I did:
$200 for the Staples GC. Buy Nordstrom click through Discover for 5% back loss on this card is $12.89
The remaining four cards, after clicking through Discover you should expect to make $5.4, add in the free $40 from the ePromo cards and you will have $45.40 back. When you sell the four Nordstrom cards, you will receive $89 back, for a loss of $21 in total. Subtract the $21 and $12.89 from $45.40 back and you will profit $11.51
Thanks. I missed the Discover cash back. Now it make sense. Thank you for the detailed explanation.
I thought staples giftcards could only be used in store? Your example above would lead me to believe that is not the case. Can you confirm one way or another?
That is correct, up until November 2013, you could only use Staples gift cards in store only. Now, you can shop until you drop 🙂
I attempted to purchase gift cards with my Staples gift card and they called me and left a message that I couldn’t purchase gift cards with the egift card and they were cancelling the order. He said they would mail me a gift card so I’m confused now why they didn’t just give me another egift card. Oh well, it was worth a try!
Thanks for the feedback! I will play around with the Staples GC and see what happens to my orders