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My Gift Card Sales Figures With Cardpool
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<p>[QUOTE="Chasing The Points, post: 152507, member: 2"]</p><p>There's only a handful of vendors that are worthwhile to gift card churn and earn points from the portals.</p><p></p><p>Here's how I stack up the deals:</p><p></p><p>I have a US Bank Cash+ card that offers 5% off Department stores. I have an alert on Cashbackmonitor if Sears is 5x+ (depends on the mile or point program or I'd need it higher). I've also negotiated with GiftCardZen where I will always have a floor price of 86% that I resell Sears.</p><p></p><p>Already, I'm looking at buying a gift card at 95% of the value. So if the portal that pays miles or points is at 10x or 12x, I don't think twice and jump on it because you would be buying the miles at $.009/mile or $.0075/mile. It's close to a penny a point, but on the redemption side, on a business class or first class fare, its value will be much greater than the price I paid for the miles.</p><p></p><p>This is especially helpful when I need to top off accounts and buying direct from host program is too expensive</p><p>[/QUOTE]</p>
[QUOTE="Chasing The Points, post: 152507, member: 2"] There's only a handful of vendors that are worthwhile to gift card churn and earn points from the portals. Here's how I stack up the deals: I have a US Bank Cash+ card that offers 5% off Department stores. I have an alert on Cashbackmonitor if Sears is 5x+ (depends on the mile or point program or I'd need it higher). I've also negotiated with GiftCardZen where I will always have a floor price of 86% that I resell Sears. Already, I'm looking at buying a gift card at 95% of the value. So if the portal that pays miles or points is at 10x or 12x, I don't think twice and jump on it because you would be buying the miles at $.009/mile or $.0075/mile. It's close to a penny a point, but on the redemption side, on a business class or first class fare, its value will be much greater than the price I paid for the miles. This is especially helpful when I need to top off accounts and buying direct from host program is too expensive [/QUOTE]
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