Breaking News: Today only buy Target gift cards 10% off!

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Put a $100 gift card in your basket and checkout.  With an electronic gift card, you should see this:

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And then on the checkout screen, you’ll see this:

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If you read Frequent Miler much, you know what to do.  Working on minimum spend?  Go to it!  I’ll update this post as this deal progresses. 

UPDATE 1:
Thanks to Steelsnow for tipping me off to this deal!  Please read the comments to see how people are leveraging it.

Using a bunch of physical gift cards lying around, I just bought a dozen or so $100 e-gift cards.  Yes, Target allows you to buy gift cards with gift cards.  I have yet to actually receive the e-gift cards though (4:56 PM).

UPDATE 2: 10:39 EST
The deal now appears to be dead.  Congratulations to everyone who got in on it in time.  Let’s hope Target doesn’t pull a “United Airlines” and cancel our orders!

UPDATE 3: 10:51 PM EST
Reader Jason reports that the Foam Finger gift card still works.  I just tried it and found that the physical $100 card does appear to work.  You might be able to get e-gift cards to work in lower denominations than $100 (e.g. 4 X $25).

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Grant Thomas

I sent $500 worth of Target gift cards and got a check for $460 from Card Pool ($92 per card), what a perfect way to knockoff $460 from my card. Wish I purchased more cards…

[…] Frequent Miler, Target is giving $10 off $100 gift cards today only! Easy way to reach a minimum spend requirement […]

Grant Thomas

@Ryan, card pool is now paying $92 for target gift cards, I think I will send them there because I trust them more than ABC.

[…] Tuesday, thanks to a tip from SteelSnow, I wrote “Breaking News: Today only buy Target gift cards 10% off!”  Target gift cards are usually quite valuable so this was an amazing deal, but there was a […]

[…] travel, but FrequentMiler’s Target gift card find landed me a great deal on a TV through the purchase of several e-gift cards at 10% off. Some […]

Piecerate

I’m getting positive test results and I see why FM shushed Slomo. This is very intriguing.

LaoSifu

10/10 says shipped. Bought physical gift cards using physical gift cards bought at grocery store. No email yet, but just logged into my account and says shipped.

Ryan

Same way…definitely get the signature verification.

Grant Thomas

That’s what I thought too. I was planning on sending the cards first class mail, insured for $500 and getting signature. How do you normally mail in bulk orders?

Ryan

@grant…I’m not aware of a timeframe, but I think the last time I did a bulk sell, it was a good week before I actually mailed the cards to them after submitting the selling request. I think once you submit the order and get the order number, you have locked in the price.

THEsocalledfan

I just had 27 $100 cards shipped to me today by Target as an FYI.

Grant Thomas

Thanks for clarifying Ryan. I purchased only $500 on Target cards and filled out a bulk order for ABC gift cards. Is there a time limit for them to receive the cards before they change the offer price?

Ryan

I bought 50 gift cards for $92.11 each(shipping and tax). I have already submitted a bulk order request to sell them online for $92 a piece, so I lose $.11 per gift card. So my loss is $5.50, and i’ll get 4600 points cuz i used my SPG card. I didn’t have a minimum spend and I value SPG points pretty high, so that is why i chose that card. Sorry, I was using the original price of $100 when I came up with 5k…i forgot I only paid $92.11 for each card.

Grant Thomas

@Ryan, what do you mean by “$5.50 for 5K Spg points”?

Ryan

@gabriel…It seems the only ones I have delayed are the foam fingers…I purchased 52 total (51 physical, 1 ecard)..meant to only order 50 physical, but must have lost count somewhere. All are showing shipped except for the four, and i’ve already received the electronic one. I’m planning on selling all the physical ones. $5.50 for 5K Spg points…i’ll take it.