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eBay Gift Card Profit Opportunity
eBay is once again running a gift card promotion with a number of different products on sale. Additionally, you can get 2% cashback from Splender for your purchase and many members have been targeted with 4X (8%) eBay Bucks. This combines for a very nice savings.
While you can find the full list of discounted cards here, among the cards on sale are Sears and Kmart gift cards. These cards are interesting for two reasons. First, you can use them to stack with other discounts and promotions for a large savings or you can sell them and make a profit.
Sears & Kmart Cards on Sale from PayPal Digital Gifts
- Get a $200 Sears Gift Card for only $170 – Email delivery
- Get a $100 Sears Gift Card for only $85 – Email delivery
- Get a $50 Kmart Gift Card for only $42.50 – Email delivery
Let’s take a look at the $200 Sears gift cards. There is a limit of 4 cards and they are sold by PayPal Digital Gifts. PayPal limits the number of cards you can purchase from them in a given time period, so you may not be able to purchase all four if you have recently purchased other cards from them. With that said, here is what the math looks like for the purchase of 4 cards.
- Cost of 4 X $200 cards: $680
- 2% portal cashback: $13.60
- 8% eBay Bucks: $54.40
- 5X Ultimate Rewards with Ink: 3,400 ($.01 cash value each)
- Final Cost: $578 ($144.50 per card)
- Discount of face value: 27.75%
As you can see, even if we only value Ultimate Rewards points at their cash value of $.01 each, you are saving about 27% off of the face value of cards.
To start, extreme stacking is Frequent Miler’s term and not mine. It involves putting together a number of discounts and opportunities to achieve a great savings. One of the methods is starting with discounted gift cards. By starting with 27% off you are well on your way to a big savings at these stores. Frequent Miler already has a page setup to walk you through more ways to save at Kmart & Sears. It is highly recommended.
If you don’t want to shop at Kmart or Sears then you can of course buy these cards and re-sell them on the secondary market. For example, SaveYa will purchase Sears e-gift codes for 84% of face value. With these cards all being digital, the process of buying and selling takes less than 10 minutes. If you use the example above you would be paying $578 and would receive back $672 for a decent profit. If you value Ultimate Rewards at more than $.01 each then your profit is even greater.
The Sears and Kmart cards along with some of the other discounted gift cards present another way to save. Whether it is just getting a decent discount at Sears, or dipping your feet in the gift card arbitrage game, I think there is definitely a lot of opportunity with today’s sale.
Did you buy gift cards today? What is your plan? Let us know in the comments!
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.