- Buying Apple gift cards with Membership Rewards has a targeted, boosted redemption rate of 94.12 points per dollar, which works out to a cash-out rate of ~1.062 cents per point.
With Apple gift card resale rates hovering at nearly 92%, this gives you a Membership Rewards to cash conduit at 0.977 cents per point, which is useful if you’ve hit capacity on Schwab and business checking cashouts and don’t yet have the Morgan Stanley card. (Thanks to DoC) - Kroger online has 5% off of fixed value “Visas or Mastercards” with promo code OCT2024. Of course Kroger.com hasn’t sold Mastercards since May, but even they don’t seem to have noticed. These will earn fuel points which makes the play potentially lucrative, but won’t code as grocery.
These are Pathward gift cards. - After registering here and then logging into the IHG Rewards mobile app, you’ll earn 500 bonus points, assuming you didn’t do the last iteration of this promotion.
Yes, this is only worth about $2.50, but the hourly rate is still (maybe) over the line if you’ve already got the app downloaded. (Thanks to FM) - The Capital One Spark Cash business credit card has a $750 sign-up bonus after $7,500 spend in three months and the $95 annual fee is waived for the first year. The card closed to new applications in 2021, but quietly reappeared recently.
If you’ve got a miles earning Capital One card like the Venture X personal or business card, you can convert cash-back rewards to miles at a 1 penny to 1 mile ratio, and because this is a credit card and the Venture X is a charge card, you can hold both at the same time.
Happy Tuesday!
The alternate-alternate Apple cashout method.