Save money on large purchases with discounted gift cards
This tip is a little off-topic, but it’s so useful we decided to share it nonetheless.
When making a planned purchase from a major retailer, consider going on eBay first to look for gift cards auctions. You’ll find that the auctions usually end with the cards selling for more than 10% off their value, and because the auctions are for cards, it’s also not uncommon for the sellers to offer free shipping. Just be sure to buy from a seller with a good feedback rating.
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Posted by PJ on Jul 5, 2007 |
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9 comments posted
Posted by Brandon - 07/05/2007
so the cards are discounted? or they cost more than they are worth?
Posted by PJ Doland - 07/05/2007
They end up costing you less than they are worth. They are usually sold by people who have received them as gifts but would prefer the flexibility to spend money anywhere, not just at the named retailer listed on the card.
Posted by Cautious - 07/05/2007
They’re also likely to have been stolen. I wouldn’t buy one on eBay.
Posted by Kimberly - 07/05/2007
The cards are usually from returns. Please be aware that thieves will steal, abuse a generous return policy and sell the “store credit only” card they get for the cash. Don’t be an accessory after the fact!
Posted by Anonymous - 07/05/2007
Why should someone presume that an eBay seller with a good feedback rating and a high number of sales is a thief? I have personally sold gift cards that I have bought with American Express Membership Rewards points. It’s the easiest way to turn the points into cash.
Posted by missdona - 07/05/2007
My purchase protection through my credit card stipulates that the purchse has to be 100% paid for by the CC. In that case, it’s not a good deal to use giftcards.
Posted by Lulu - 07/06/2007
I’m a thrift store and bulk retailer shopper in general so I cant really see spending the $75 small department store gift card I got as a gift, the prices aren’t that great. I wouldve discount sold(cashed) my card on ebay if a friend hadnt bought it from me. As with any purchase check the feedback rating with the ebay seller.
Posted by clairepetrol - 07/07/2007
In NYC craigslist is also a good source for gift cards. However it is open to scamming. Always meet at the store, verify the value at the till or by the dial in number on the card (most have them) and spend them immediately. A known scam is to copy the code on the card, sell it, and get online and use it before the buyer redeems it. Not to be a cynic or anything!
After xmas i had a store credit from a gift i didnt want, and traded it with someone who had a gift card to a store he didnt want…worked out well for both of us….there were tons of gift cards listed after christmas…
Posted by Brad from Achieve-IT! - 07/07/2007
As far as them being stolen? I’ve been both a seller and a buyer of gift cards on eBay. In the past, I’ve gotten cards for blockbuster or Borders books when I’d rather have Best Buy or Circuit city.
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