In a previous article on "Raising miles at Walmart" I had shown how you could you potentially reduce the fee portion of Visa/MasterCard to even less than "zero". In that article the focus was on "Raise" as that was one of the gift card site where you could easily find the Walmart gift card at 2 to 2.5 % discount. Since then I have seen similar discounts offered by Cardpool as well as Ebay although I prefer Cardpool because of ease of use. The important thing to note is if the "gift card resale" site you are about to use provides any cash-back rebates through any rebates portal. Cardpool is also one of the Gift Card Resale site which provides cash-back through bunch of portals, one of which is TopCashBack. You could also check out other rebate portals and a good place to start your search for best rebate portal would be to search for the merchant at "Cashbackholic". Make sure you read through the terms of the cash-back portal as each one of them operate differently and have some limits of minimum amount of rebate you need to accrue before it becomes payable.
Walmart gift card at Cardpool:
Cardpool consistently provides the Walmart gift card at 2.5% discount in addition to 2% cash-back rebate going through TopCashBack ( Note: The rebate is only available until you reach $1k in purchases so make sure you read the terms through). You can combine upto 4 walmart gift card to make a purchase of Visa/MasterCard. A purchase of $200 in Walmart gift card would cost $195 and provide a rebate of $3.9 (2% of $195). Thus you get a $200 Walmart gift card at a cost $191.1 out of pocket cost thus having a discount of $8.9. Considering that a $200 Visa/MasterCard gift card costs $6.88 in fees you would still be ahead by $2.02 on this one. So by going through this route you would have purchased 195 points/miles and made a small profit of $2.02 as well on your credit card spend.
Walmart gift card at Ebay:
Another approach is to purchase the Walmart gift card from Ebay. Generally you would be able to find "Buy it now" deals for 2.5% discount and on top of it you would get 2% back from Ebay bucks. As you can see that you would save almost similar amount of money as you do from Cardpool but there are few problems you should be award of as mentioned below:
So, go ahead and accumulate those miles without any fees and enjoy your award travel.
(Note: If you open your TopCashBack account using above mentioned links, I would get a small referral bonus. I do appreciate your support. Thanks.)
I love traveling / backpacking. This blog focuses on below 3 aspects of travel:
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