Credit Tips: 5% Cash Back on Credit Card Purchases

Posted On: June 1, 2006

Author: bullwinkle29
Posted: Mon May 01, 2006 5:19 pm
Post subject: 5% back on everything

here’s the deal. any card that gives 5% cash back at supermarkets, you buy gift cards for the other stores such as rest. home depot, etc. if you are going to home depot, stop at safeway and buy a gift for whatever dollar amount you’re going to spend there. now you get 5% cash back since you made the purchase at the supermarket. most supermarkets now days sells gift card for other stores. it works for me, but it’s annoying sometimes.

Author: Polonius
Posted: Mon May 01, 2006 6:55 pm
Post subject:

Don’t the supermarkets charge a premium for the gift cards?

In other words, are you charged $25.00 for a $25 gift card–or more? And if more, how much more? Doesn’t that premium eat into your 5% bonus?

Author: JaneiR36
Posted: Tue May 02, 2006 1:08 am
Post subject: 5% Cash Back on Credit Card Purchases

wow, that is bold. Isn’t selling a competitor’s gift card an invitation to lose customers?

Author: WellManicuredMan
Posted: Tue May 02, 2006 1:31 am
Post subject:5% Cash Back on Credit Card Purchases

I’ve never heard of a Supermarket where you can buy giftcards for other stores…

Author: Board Monitor
Posted: Tue May 02, 2006 7:58 am
Post subject:

I know my local WalGreens offers gift cards and they sell them at face value. So, this should work there as well (at least in theory).
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