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Sears Gift Card Deal
A few people approached me this weekend asking about gift card reselling. They aren’t necessarily interested in doing it full time, but just occasionally. I told them it is good to hone your skills on no-brainer type deals. In my opinion, today’s Sears gift card deal on eBay is one. Let’s look at why.
- Buy a $100 Sears gift card for $88. Limit 3.
If we look at Gift Card Wiki, we can see that these cards can be sold for 84% of their value right now. That seems like a loss on the surface, but actually it isn’t. That is because there are a number of ways to save even more. I purchased three of these cards and earned:
- 5X Ultimate Rewards points by paying with a Chase Ink card.
- 8% in eBay Bucks (targeted offer). Non-targeted members earn 2%.
- 1.3% cashback through the iConsumer portal. (Note: This could also be a way to get a bonus under the Southwest, AA, United or Alaska portal bonuses.)
So let’s see what my true cost is. I personally value Ultimate Rewards a bit higher, but like to use a value of 1.5 cents each on this site to be conservative. My earnings on the purchase of three cards are:
- 1,320 points @ 1.5 cents each: $19.80
- 8% in eBay Bucks: $21.12
- 1.3% cashback: $3.43
So my final cost after subtracting out those rebates is $219.65. That is a discount of $80.35 or 26.78% off face value. That is good but I sort of look at this another way. There are cash and there are points. Since I am going to hypothetically sell these cards for 84%, what will I have in the end?
The answer is a profit of $12.55 (portal and eBay Bucks) and 1,320 Ultimate Rewards points. A win any way you slice it.
Other eBay Discounted Cards
Whenever there is an eBay Bucks promotion I always look for other deals and there are some other discounted gift cards, although none nearly as good as this one. You can find a full list of discounted gift cards here.
For those who have been reading Miles to Memories for awhile perhaps this was a boring exercise, but I hope I explained things well for those who are a bit newer to the game. There are of course other uses for Sears gift cards and Frequent Miler has a great resource explaining all about them. In the end, this is a good deal for many reasons and it is a deal I suspect many of you will benefit from. Happy shopping!
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