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Monday Morning Miles Talk is a regular series that has some smaller, more quirky ideas to kick off the work week. These are essentially random ideas that I wanted to share with you.
If you would like to read even more articles in the series you can click HERE.
My Results from Speedway’s Latest Promotion
A few weeks ago DDG covered a new Speedway promotion that is currently ongoing and doesn’t end until 6/30/18. I thought I would give you an update on my progress so far so you have an idea of what is possible. Especially since there is still time to take advantage of it yourself.
Details on the Promo
I will go over the details briefly of the promo for those of you who missed it the first time around.
- Buy $100 in select gift cards and get a coupon for a $15 Speedy Cash card.
- Buy $50 in select gift cards and get a coupon for a $5 Speedy Cash card.
Eligible gift cards include:
- Home Depot
- Texas Roadhouse.
- Must Use Speedy Rewards Card
- Offer valid through 6/30/18
I focused on Amazon gift cards since they are the most valuable. They are even considered cash equivalents by some people. I sold most of my cards to a personal contact at 92%. They shop at Amazon often and don’t have a Speedway near them.
This is beneficial to both of us – they get a discount without much effort and I get a quick and reliable payment that lets me increase my bandwidth. That is important these days; especially with what happened with the The Plastic Merchant. I will also save some for myself for personal use and for those Amazon gift card deals.
There are better rates on Amazon for those of you who have bulk seller relationships but I went with what was reliable and easy. Here are my figures so far.
- Amazon Gift Purchases – $1300
- Speedway Credit – $195
- Speedy Rewards – 26,000 points worth $25 (Speedway gift card)
- Credit Card Points – 7800 Hilton Honors points worth at least $31.20
- Resale of Gift Cards – $1196
I only included the gift cards I have resold so far. I spent $1300 on Amazon gift cards and received $1447.20 back in points and money for them. That is an easy return of 11.32%. Nothing earth shattering but it is an easy deal to take advantage of with almost no risk to me since I have a buyer lined up.
I used the American Express Hilton Ascend for the purchases. This helped me knock off some of the $15,000 in yearly spend I need to do for the annual free night. Remember that this is a great card for non bonus spend as well as for gas and grocery spend for the first $15,000 each year.
Click Here for more info on this card
This isn’t the most amazing deal of the year but it may be my favorite. I like it because it is an easy one to profit from with minimal risk. Even if you don’t resell the Amazon gift cards you can get essentially 20% off Amazon gift cards for personal use. This is better than the Staples Amex Offer in my opinion for sourcing Amazon gift cards.
I know some of you are hitting this pretty hard. Let me know your figures in the comments section!
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.