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Discounted Gift Cards on eBay
Yesterday I covered some of the gift cards on sale at eBay. Well, today things are even better because many (most) people seem to have received a targeted offer giving 5X eBay Bucks (10%) in cashback. When combined with 2% portal cashback from Splender, it amounts to a significant savings.
A Few Example of Great Deals
To start, you can find the full list of discounted gift cards here. I’ll break down a couple of my favorites to show how they can be profitable.
$100 ExxonMobil Gift Card For Only $90!! – Limit 3 from SVM Gift Cards
You can purchase 3 X $100 ExxonMobil gift cards for $270. These cards can be sold for 87% of their face value to Cardpool. Here is how the math looks:
- Cost: $270
- Portal cashback: -$5.40
- 10% eBay Bucks: -$27
- Final cost: $237.60
- Sell at 87%: $261
- Profit: $23.40
Not the best deal in the world, but it requires very little time so it will make sense for some. The better deals are the ones that are sold by PayPal Digital Gifts because those earn 5X Ultimate Rewards with Chase Ink. Let’s take a look at another example:
$150 Best Buy Card + $15 eBay Bonus Card for $150 – Email Delivery from PayPal Digital Gifts
You can purchase four of these Best Buy cards which can be sold for 88% of their face value. In my math I’ll assume the $15 eBay gift card is worth face value since it can be used later on just about anything including other gift cards.
- Cost: $600
- Portal cashback: -$12
- 10% eBay Bucks: -$60
- Final cost: $528
- Sell BB cards at 88%: $528
- Profit: $0
As you can see you can buy and sell these cards for a breakeven, but then you will also have:
- 3,000 Ultimate Rewards points if purchased with Ink through PayPal.
- $60 in eBay gift cards
I personally value the eBay cards and Ultimate Rewards at more than $100. Better still, this purchase and sale could be done in less than 10 minutes sitting at my desk. This is a great deal.
There are some other great deals available, so I suggest heading over to the eBay gift card sale page to see which cards have the potential for profit. I have been doing a lot of reselling and thus my eBay Bucks account is almost maxed out at $500, however I still have my eye on one or two of these deals.
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