– One 10x bonus per account number – Referral links saved before Wednesday will have the 10x bonus attached even if the referred applies for the card after Wednesday This didn’t work – If the referred is denied on first application but later approved after reconsideration, the 10x bonus will activate for the referrer, even after the expiration
Combine several of the above to extend 10x even further, and remember you can always chat with American Express to confirm that a referral bonus is attached after three days.
These codes don’t appear on major shopping portals so probably won’t payout, but you miss all the shots you don’t take. If you’re having tracking issues with this site, see this post and also note that all Safari desktop transactions may also currently not track with giftcards.com.
These are Pathward cards. Several online liquidation channels for these dried up in the last couple of weeks, but there’s always a play and there’s always Kiva as a last resort if you don’t have other options.
– 200,000 Shop Your Way Rewards points for $750+ in online shopping – 250,000 Shop Your Way Rewards points for $1,000+ in online shopping – $70 statement credit for $1,000+ in online shopping – $50 statement credit for $750+ in online shopping – 10,000 ThankYou Points with $1,000+ in online shopping
(Thanks to MVC, Brandon F, irieriley, and Brooke)
Giant, Stop & Shop, and Martins stores have 10x points on Uber and airbnb gift cards through Thursday, limit $2,000 per account. Of course with Pepper Rewards you can get effectively the same deal from home, but probably only for a couple more weeks.
American Express offers has $300 back on $750 or more at Holland America through August 31. (Thanks to FM)
Of course, you could look at Frontier’s earnings or Spirit’s earnings for Q1 2024 earnings and see it in number form. [Spoiler alert] They’re both great at losing money, and they’re both good at using accounting tricks to make the losses look less grave.
The gift card resale market for most major bulk brands has been turned on its head recently, which has had ripple effects on the fuel points markets:
BestBuy, Home Depot, and other bulk rates have fallen to new lows, down 3-6%
Kroger fuel point rates have risen to record highs, up nearly 50%
What’s even going on? The answer with all things gift cards in 2024 always comes back to the Big Pepper Trifecta: for example, news at Stephen Pepper at GC Galore, or the Pepper Rewards app.
The Temporary New Kid in Town
What’s Pepper Rewards doing that’s disruptive? It’s right there on their web page front and center as the first text you see:
“New users even get 10% back for their first 15 days of shopping on yes… EVERYTHING!“
Pepper sells BestBuy, Home Depot, airbnb, and other gift cards, and yes with the right credit cards you earn even more rewards for buying through Pepper, so it’s easy to sell a BestBuy gift card to someone for less than normal and still take a big profit, which turned the market toward a local minima for resale rates on those cards. (Side question: What’s a new user anyway?)
Kroger fuel points supplies have fallen off a cliff because they’re normally earned by buying bulk gift cards during a 4x fuel points sale, and regular suppliers aren’t out there doing that because gift card resale rates are low. If we channel Economics 101 for fuel points: falling supply means increased prices due to supply shock.
How to Play It
In the post-modern economy, the role of FinTech companies observationally is to transfer money from venture capitalist (VC) bank accounts to consumers’ wallets, and that’s almost certainly what’s happening with Pepper. The excess supply of the $23 million in VC money invested into Pepper will dry up eventually, which probably means rather soon in practice. In the mean time, gift card resellers that want to weather the storm have a few plays:
Hold bulk gift cards for when Pepper inevitably runs out of money and rates rise, but sell fuel points now
Buy gift cards for home or business use at Kroger and sell the fuel points now
Switch to Pepper and forgo fuel points, and use someone’s referral link to make their day
Switch to another manufactured spend technique all together
There’s always a play; Always be probing.
The third pepper in the Pepper Trifecta currently skewing the gift card market.
Do this now:Register for free HotelSlash membership using promo code FREE4LIFE. Incidentally, you can mention the same promo code to get into the employee restroom at the back of the Waste Pro Garbage Truck Museum in Florida. In case you’re wondering, yes, that’s a real place and no, I didn’t make it up. (Thanks to FM)
– 70,000 miles after $4,000 spend in three months – 30,000 miles after $20,000 in additional spend in 12 months
The card also earns 3x points at grocery stores, so it’s particularly friendly for manufactured spenders. (Thanks to C-MontgomeryChurns)
Martins, Giant, and Stop & Shop stores have either 2x or 3x points (depending on location) on Vanilla visa gift cards through Thursday, limit $2,000 per loyalty account, and obviously it’s impossible to have more than one loyalty account, right?
These are either Pathward or Sutton gift cards depending on the store. (Thanks to DoC)
If you follow churning blogs or forums, you’ve no doubt seen that US Bank has double cash back rewards running through Saturday. But, I think based on the content out there, most of the major content creators haven’t actually used it, so let’s add some practical notes:
There are multiple aspects of the double cash back promotion. Not only are card-linked offers doubled for the next three days (which is the only thing I’ve seen written), but the US Bank shopping portal’s earnings are also doubled for the next three days.
It can be really hard to find US Bank rewards landing pages. So, I’ve linked to both variations, just make sure you login to your US Bank account first before trying these links:
Did you even know US Bank had a shopping portal, and that it earns points on point earning cards? Did you know that Lubbock is considered the one of the world’s capitals for burrowing owls? Did you know that owls can even burrow in the ground? (Wow, we’re off track today, my bad)
The card linked offers are their own kind of special:
– You have to add card-linked versions of the offer during the promotion or they won’t double – They work for any personal card on your account, and maybe for any business card too – Grocery stores occasionally show up – Gaming works like Chase Offers or BankAmeriDeals – The card-linked portal often just shows a spinner, and when that happens, try later (I don’t have a better solution, but if you do, please let me know)
This promotion is actually much more lucrative than you’d probably think. Always be probing, and good luck!
Mr. burrowing owl is shocked that content creators aren’t always experts when they write on a topic.
Let me start today with a bit of advice: It’s easy to register for 5x promotions, and it’s also easy to hit all your spend in a single day. It’s also easy to assume that you’ll do it and then never get to it. So, consider setting aside a single day in early April to hit all your quarterly 5x spend so that you can focus on bigger, better deals.
Do this now:Register for Discover IT Q2 5x categories. This time: Gas stations and home improvement stores, both of which sell many types of gift cards; also public transit.
Do this now: Choose your US Bank Cash+ Q2 5x categories. I always choose utilities and electronics stores, the latter of which typically sells many types of gift cards.
Virgin Atlantic has a promotion for 50% off the mileage cost of award tickets booked by Wednesday for travel through June 30 for travel on Virgin Atlantic metal. This doesn’t reduce the often substantial surcharges that go along with the tickets. (Thanks to DoC)
– $50 off of $250 or more in spend at several IHG brands through June 15 – $150 off of $750 or more in spend at the Four Seasons through July 11 (if they do string matching, Four Seasons Total Landscaping may also work)
Foreword: There were a few high profile AmEx shutdowns yesterday, but it’s too early to know much about what happened other than most of them probably involved a big volume of online MS. Stay tuned for future updates when we know more, and don’t forget the Sneak Attack Strike Back if you’re concerned you might be next. If you haven’t heard about these before now, you probably don’t need to be concerned. I’ll do a writeup with lessons if and when we learn more.
Airlines have become overly concerned with what day it is this week, as we’ll soon see:
Clear.me has a new promotion for a $75 Uber voucher with a new clear account with promo code SAVETIME75. These are great for cashing out American Express Clear credits as Uber vouchers, but you’ve got to be creative on the redemption side because there’s a limit of one $75 Uber voucher per account. (Thanks to jnjustice)
– two one-ways: 5,000 total bonus points – six one-ways: 15,000 total bonus points – eight one-ways: 30,000 total bonus points
I believe based on on the terms and conditions an American Express Travel phone booking would qualify, but I can’t be certain. Alternatively you can book through an SWABIZ account. (Thanks to sctrader)
Because it’s JetBlue and because JetBlue hates giving meaningful discounts, these only work for travel on Monday through Thursday and don’t work for international flights or Mint cabins.
American has an economy award sale for flights that depart on a Tuesday, Wednesday, or Saturday in April or May. There are some good deals here, including 5,000 miles for short-haul and medium-haul international flights.
The throttle started out with certain BINs on certain products, then moved to other BINs on other products, and they’ve now hit a major, high volume product with the same limit. If one of your plays involves high volume InComm cards, maybe run a few tests before your next big order.
For everyone else, assume that most InComm products now have a three card limit per liquidation trip.
Have a nice Wednesday!
New elite status award for Southwest A-List members.
EDITOR’S NOTE: The feedback I’ve gotten for guest post Saturday has been resoundingly positive. I’ve got a few posts left to publish, but I’m running low. If you’re interested in a guest post, please reach out!
One of the most consistently inconsistent methods in manufactured spend is earning sign-up bonuses by paying yourself as an OnlyFans model bulk gift card resale, roughly because the basic version involves selling to third parties that ultimately use the card and that makes you beholden to their whims. Their whims are really more about demand though, and that demand is cyclical for slightly different reasons:
Gift Cards
The bulk gift card resale market for cards like BestBuy, Apple, Target generally varies by quarter:
Q1: Starts out depressed, but rates and demand increase slowly, especially around holidays
Q2: Rates hold steady, demand is lumpy but persistent
Q4: Rates reach local maxima, demand is typically the biggest for the year
Grocery Loyalty Points
The profitability of bulk gift card resale markets for manufactured spenders centers around grocery loyalty points, which make up the difference between cost and resale rate for most bulk brands. If you’re cashing those out by selling to a third party, demand looks like:
Q1, Q2: Lumpy
Q3: Strong
Q4: Starts strong, ends weak
The main reason for the difference in loyalty points demand is that they’re often redeemed for discounted fuel by industry and agriculture that sees peak use in Q3.
Smoothing Out Demand
How do you make demand relatively consistent? I’m going to offer two primary ways:
First, it’s easy on paper but relatively hard in practice: Be the end-user. That means do what the end-users do, which is:
Buy goods on sale and sell them at Amazon, ebay, craigslist, or internationally
Buy Apple products and sell them internationally in places like Brazil
Use loyalty points to buy things like Airpods and sell them
Use loyalty points for discount gas, either for yourself or as a fueling service
I’ve dabbled in every single one of these, and while they were all successful to an extent (and in one case wildly successful), they’re all a ton of work to scale. Ultimately, I wasn’t fulfilled by any of it and I didn’t enjoy it in the way that I enjoy manufactured spend, so I don’t do those things any more.
That brings us to the second method of smoothing demand, acting as a gift card reserve banker and holding your cards until demand is high, then unleashing fury on the market whenever buyers return.
Finally, let’s talk a bonus method for smoothing out demand Paying yourself as an OnlyFans model which is really a cheater method: Shift the demand elsewhere. For me, that means I’m focusing on other manufactured spend techniques when demand in bulk card resale isn’t solid. There’s plenty of other opportunity out there.
