Gift Card Churning

Tag Archives for Gift Card Churning.

Gift card reselling? Proceed with caution

Our Manufactured Spending Complete Guide lists many ways to increase your credit card spend with the intent of getting most of it back, and the inherent risk varies from one method to the next. One popular method of manufactured spending is gift card reselling, whereby you purchase merchant gift cards (at a discount or with a strong enough category bonus) and sell them for a break-even amount or even a small profit, thereby earning what feels…

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The art of gift card churning in 2016

Gift Card Churning

What is gift card churning? Gift card churning is the art of buying and liquidating gift cards for the purpose of saving money, earning money, earning extra points, and/or increasing credit card spend.  Here are a few reasons it may be worth your time to manufacture spend in this way: Meet credit card sign-up bonus minimum spend requirements Get credit card big-spend bonuses Earn extra points and miles thanks to credit card category bonuses and…

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Best options for buying merchant gift cards

UPDATE 7/29/14: Please see the updated version of this post here. If you’re in the market for gift cards, you’re probably interested in finding the best options for saving money and/or earning extra points.  Or, if you’re planning big purchases, you might want to consider buying gift cards first in order to increase your savings or rewards.  Either way, here is a run down of the best options (I know of) for buying merchant gift…

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Gift card alchemy

What follows is a hypothetical perpetual money machine.  While I’ve successfully tried each individual step, I’ve never put them all together as shown here.  Don’t think of this as a recommendation of what you should do, but rather take it as intended: a fun way to think about what is possible… Prepare To get started, you need a Discover card account and a good rewards credit card. You can use a Discover card for both…

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The hunt for perfect gift cards, part 2

Last week I described the beginning of my quest to find the perfect Visa gift cards (see “The hunt for perfect gift cards, part 1“).  As a reminder, here are the characteristics of the “perfect” gift cards that I’m searching for: Low fee as a % of total value.  The ideal gift card would have a fee equal to, or less than, 1% or its maximum value. Ability to earn credit card category bonus points…

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The hunt for perfect gift cards, part 1

Early this week I set out to find the perfect Visa gift cards.  Now that Visa gift cards can have PINs (see “Gift card PINs“), they are once again a great way to buy points cheaply and/or run up spend to meet minimum spend requirements or big spend thresholds. Here are the characteristics of the “perfect” gift cards that I’m searching for: Low fee as a % of total value.  The ideal gift card would…

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Amex gift cards update

Buying American Express gift cards online is the first step in one of the most lucrative ways to manufacture spend.  The goal of manufacturing spend is to run up credit card charges (in order to meet min spend requirements, get points, achieve big spend bonuses, etc.) and to get your money back (or most of it, anyway). When buying Amex gift cards online, it is possible to get cash back by going through a cash…

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Gift card PINs

The miles and points community is abuzz with talk about the fact that some Visa and MasterCard gift cards now allow you to setup PINs so that they can be used as debit cards.  Here’s why we care…  Background Last week a reader reached out to me with exciting news.  He had bought a $500 Visa gift card at Safeway, and along with the receipt was a piece of paper saying that these cards can…

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Gift Card Churning Deals

Lately I’ve written quite a bit about credit card churning (see, for example, “Million Mile Madness: The big churn story“).  Now that I have 10 new credit cards coming my way, its time to find ways to meet my minimum spend requirements.  That’s where gift card churning comes in.  Fortunately, there are several current and upcoming deals that will help: Staples $15 rebate on $150 or more in Visa prepaid cards I reported this deal…

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