Disclosure: I do not receive any compensation of any kind by expressing my own personal opinions about credit cards that I have.
Last week one of the big office supply stores had a sale on SEARS gift cards. If you bought a $100 gift card, they would take 20% off and only charge you $80. I had my Chase Ink Business card with me that would get me 5 x points on any purchase that I made at an office supply store so I proceeded to purchase two SEARS gift cards.
I’m not a big SEARS though I do like their Lands End line and many of their appliances (as long as Consumer Reports rates them high). But what was I going to do with two gift cards?
I drove myself over to our closest SEARS store and looked around the store. I found their gift card rack, and many times there are more than one of them, and found VISA debit cards in a $200 denomination. My SEARS gift cards were worth $200. I purchased the VISA gift card and walked out of the store ahead by $40 less $5.95 for the VISA gift card. SCORE….but the story goes not end there.
Today I went to my local grocery store that sells money orders. I ordered one money order to pay my city water bill and then another to pay my lawn care man. These are both bills that I would have paid by check and received no points. Each money order cost me .76. Total net gain was $32.53 and 800 points.
Yes, for some that is not worth it but got me thinking. I could purchase VISA gift card at an office supply store or another type of store where you would get 5 x points on your credit card (even without the deal on SEARS cards), go to my local grocery store and purchase a money order and pay my dentist, doctor, even my church pledge – it is still valid, legal tender and one that gets me 5 x points. Obviously this instance was worth more because I received money for this venture because of the sale on SEARS gift cards.
When you are shopping or reading store flyers, look for items like this – items that are “like” money that you could purchase, make a little money and receive points for your future travel.
What are your stories about gift cards?