This offer just got better! eBay is offering 8% back on $50 purchases, so you’ll receive a $4 eBay credit for each gift card you purchase; there is a limit of 3, but that’s an extra $12. You can apply the credit starting in July to anything on eBay!
I expect this to run out soon, so buy now if you’re interested!
Don’t need any Kohl’s gift cards?
One option is to sell the $50 gift card to a gift card reseller and use the $10 bonus yourself. (My assumption is that the $10 card will not be a standard gift card, but let’s hope I’m wrong – sometimes they have a certain time frame in which they are valid, but I don’t see that in the fine print. Just be aware that it might happen and be prepared to shop in the next month!) I like to start at GiftCardGranny.com to figure out my options. It looks like you could approximately break even, making this worthwhile for credit card spend to earn bonuses or other points. If the $10 card is not able to be sold, you’ll also want to be sure to use the $10 effectively, since you’ll only get about $40-42 for your $50 gift card. Lastly, consider the cost of shipping, as these are physical gift cards that you don’t want to lose!
Don’t forget to start at a Shopping Portal!
Perhaps you haven’t read the Rules of Engagement! Based on CashBackMonitor.com, it looks like American offers 1 mile/dollar and iConsumer offers 1.3% back. I’ll shop at the American portal because of this fine print from iConsumer: CashBack is typically NOT available on the purchase of Gift Cards. Please review the Gift Cards category for a list of merchants that offer this benefit and confirm with individual brands’ Known Exceptions for additional details. If you decide to chance it, please let me know how it goes – and if you’re new to iConsumer, please consider using my referral link!
What’s so great about Kohl’s gift cards?
If you’re a Kohl’s charge holder, you probably like those “30% off with Kohl’s Charge” offers…but hate to use your Kohl’s charge! You’re not going to get any bonuses or miles out of that. So, buying gift cards to cover the majority (90% or more!) of your purchase and just putting a few dollars on your Kohl’s charge effectively allows you to use your other credit card to take advantage of the Kohl’s charge promotions!
Need to do wedding shopping or gifting?
$50 gift cards are easy gifts – if you like my gift basket idea, it is even easier. On the shopping side, here’s a list of items you could find at Kohl’s (and definitely at kohls.com):
- Formal dresses (moms and bridesmaids, flower girl)
- Suits and tuxes (dads, groom, groomsmen, ring bearer)
Are you going to use this deal?
Will you spend the money yourself or sell it to one of the gift card resellers?
I know I will be taking advantage of this because it gives me a great discount on gift cards that will help me buy from Kohl’s to sell on Amazon!