{"id":4456,"date":"2022-05-30T04:00:00","date_gmt":"2022-05-30T10:00:00","guid":{"rendered":"https:\/\/milesearnandburn.com\/?p=4456"},"modified":"2023-04-18T11:40:15","modified_gmt":"2023-04-18T17:40:15","slug":"expensive-liquidation-options-arent-always-bad","status":"publish","type":"post","link":"https:\/\/milesearnandburn.com\/index.php\/2022\/05\/30\/expensive-liquidation-options-arent-always-bad\/","title":{"rendered":"Expensive Liquidation Options Aren\u2019t Always Bad"},"content":{"rendered":"<p>There are several catch-all liquidation options in the hobby, for example, <a class=\"ek-link\" href=\"https:\/\/www.prweb.com\/releases\/bravo_now_famigo_releases_new_web_app_experience_designed_for_global_content_creators\/prweb18165076.htm\">BravoPay\/Famigo<\/a> at effectively 3.5% cost. I\u2019ve seen a few people leave a stack of gift cards on their desks for months at a time, waiting for a cheap liquidation option instead of cashing out with fees and moving on. I hate to remind you of the current state of the US economy, but a gift card left on your desk for five months is <a class=\"ek-link\" href=\"https:\/\/tradingeconomics.com\/united-states\/inflation-cpi#:~:text=US%20Inflation%20Rate%20Tops%20Forecasts,with%20market%20forecasts%20of%208.4%25.\">effectively costing you 3.5% or more anyway<\/a>, so using a high-fee service to cash it out immediately can be a strategic decision.<\/p>\n<p>There are a few other reasons you may want to use a high-fee liquidation option:<\/p>\n<ul>\n<li>You have a card that doesn\u2019t work at your normal liquidation channels, or is otherwise tainted in some way<\/li>\n<li>You\u2019re bed-ridden either due to sickness or extreme laziness and don\u2019t want to go to the <a class=\"ek-link\" href=\"https:\/\/www.heb.com\/\">local grocery chain<\/a> for a money order<\/li>\n<li>You live in <a class=\"ek-link\" href=\"https:\/\/en.wikipedia.org\/wiki\/Manhattan\">Manhattan<\/a> and none of the popular, nationwide chains exist in your area<\/li>\n<li>You\u2019ve maximized your capacity to liquidate at lower cost, and you have more cards coming in than liquidation capacity going out (this sounds like a problem from a differential calculus textbook)<\/li>\n<li>You\u2019re <a class=\"ek-link\" href=\"https:\/\/milesearnandburn.com\/index.php\/2022\/04\/20\/american-express-employee-offers\/\">earning at 12x<\/a> and can easily afford 3.5% liquidation<\/li>\n<\/ul>\n<p>What\u2019s my point? High-fee liquidation can make sense and you should add it to your tool-bag for manufactured spend. Just don\u2019t use it as a crutch to avoid probing for lower fee options, which generally do exist for essentially every type of card out there.<\/p>\n<div class=\"wp-block-image is-style-editorskit-rounded\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" alt=\"\" class=\"wp-image-4457\" sizes=\"(max-width: 992px) 100vw, 992px\" src=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2022\/05\/Screen-Shot-2022-05-08-at-7.28.46-PM.png\" srcset=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2022\/05\/Screen-Shot-2022-05-08-at-7.28.46-PM.png 992w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2022\/05\/Screen-Shot-2022-05-08-at-7.28.46-PM-300x209.png 300w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2022\/05\/Screen-Shot-2022-05-08-at-7.28.46-PM-768x536.png 768w\" width=\"420\"\/><\/figure>\n<\/div>\n<p class=\"has-text-align-center\" style=\"font-size:14px\">Pictured: Liquidating at 3.5% may not look good, but it can sure feel good.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are several catch-all liquidation options in the hobby, for example, BravoPay\/Famigo at effectively 3.5% cost. I\u2019ve seen a few people leave a stack of<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":1,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[5,66],"tags":[],"class_list":["post-4456","post","type-post","status-publish","format-standard","hentry","category-meta","category-scaling"],"_links":{"self":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/4456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/comments?post=4456"}],"version-history":[{"count":5,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/4456\/revisions"}],"predecessor-version":[{"id":7023,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/4456\/revisions\/7023"}],"wp:attachment":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/media?parent=4456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/categories?post=4456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/tags?post=4456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}