A WHIFF OF DESPERATION FROM BEST BUY HQ: Best Buy is now offering a $10 gift card when you buy a $50 gift card. This is only available online, it’s one $10/$50 per transaction, and the offer expires December 18. It is a very good deal, as evidenced by the degree to which it has blown up on Slickdeals, and if it is not obvious to you why this is a good deal, please let us explain why:
- Repeatability. “Rinse and repeat” is in effect here, as there does not seem to be a limit on the number of times you can do the deal.
- Fungibility. Some stores let you use gift cards to buy other gift cards, and Best Buy is one such store. Two gift cards to look for at best buy are Kindle gift cards, which can be used at Amazon, and Visa gift cards. Last time I checked–which was, admittedly, a year ago–Best Buy carried Visa gift cards and you could buy them with a BB gift card. The Visa GCs had a $200 max and a $6 activation fee. If that option is still available, you could do the deal three times, pay $150 out of pocket, and get $174 on your Visa GC. In other words, it’s cash (equivalent) for 14% off.
- Amex. If you sync your Amazon card on Twitter you can get $20 off a $200 purchase. So if you do the deal four times, then combine your gift cards into one transaction before Dec 31, you can get $260 worth of merchandise from Best Buy for $200. You can do this once per Amex card that you have.
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