We all want to maximize the % of cash back on our day to day shopping, specially at stores for which the gift cards are easily available. Assuming you can get one of the Cash Back Card which gives quarterly rotating category bonus of 5% such as Discover IT credit card or Chase Freedom credit card or American Express Blue Cash Preferred credit card which gives 6% cash-back on stand-alone super markets or grocery stores (limited to max $6k/year) you can easily get atleast 5% or 6% off of your gift card purchase from the stores included in above categories. The interesting twist here is if you can find a store which falls in 5% or 6% cash-back category and sells the Ebay/MasterCard/Visa gift card you can further stretch your dollars to easily get a total discount of anywhere from 7% to 20% on the final merchant gift card which you can eventually use for your actual purchase. Below are couple of ways on how to get this to work!
Buying merchant gift cards using Ebay gift cards:
Note: You will need to have a PayPal account or create one for this to work.
Purchase using MasterCard/Visa Prepaid card:
If Ebay seems to be too limited in scope or lot of hassle you have another option below.
Put above techniques to use to get great discount even before you hit your store, but before you go make sure you already have 5% or 6% cash-back credit card at your disposal.
Most of the credit cards offer some sort of incentive to entice you in applying for them. Sometimes they come up with great offers as well. Below are the few credit credit cards which are offering lucrative bonus miles. These credit cards offer have value of close to $400 to $500 worth of air-travel or cash equivalent. Here is the list:
1. United Explorer Card 50k Miles: United Airlines is having a 50k miles bonus promotion for signing up on their Explorer Card. The details are below:
2. British Airways 100k Miles: British Airways is offering 100k miles in total for signing up for British Airways Visa Card. The details are below:
3. American Airlines 50k Miles (x 2): There are various offers available for American Airlines Credit Card. Since Citi Bank is the card issuer it allows to apply for 2 personal credit cards at same time and thus you can maximize to earn 100k miles by applying for 2 variants of the same card (VISA & AMEX) or (VISA & MasterCard) using 2 browser trick. Also as an added advantage you only get one credit card pull on your credit report since two credit pulls get merged since they are from the same issuer and for the same card type. More info about the 2 browser trick can be found here. There are various offers floating at the moment with annual fees of ~$95 (waived for 1st year) and I am listing all the offers below. (HT to flytertalk page here)
a. 50k miles after $2500 spend in 4 months (Note: No Admirals Club passes or statement credit; Thanks to FT member jeanie). -- Expired, No landing page, but still working
b. Up to $150 statement credits for the eligible AA purchases made within 12 months of card membership, 45k miles after $5,000 in purchases within the first 4 months, 2 Admirals Club passes. (Thanks to FT member jeanie)
c. Up to $100 credit, two admirals club passes, 50k miles (40k miles for $2k within 4 months of opening + 10k miles after $5k within 12 months of opening), 2 miles/$ on AA: Direct Links:
American Airlines rewards can be redeemed for One World Alliance member flights as well as any of their partner airlines as well. Also off-peak round trip Europe travel from USA only costs 40k miles.
4. US Airways 40k Miles: You can earn 40k miles after the first purchase. Although the application page says it's only for Chairman's Preferred Members, anyone applying using the link and approved for the card have received all the benefits, but obviously YMMV. The application link is here. Some of the details for the card are as below:
US Ariways Miles can be redeemed on United Airlines or any Star Alliance flights (although with some restrictions) as well as partner airlines. Also US Airways reward flight can only be booked on phone and there is reward redemption fee for both domestic and international awards. US Airways Credit Card is offered by Barclays Bank.
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