Money Tips: Gift Cards Purchased With 5% Cash Back Credit Cards

Posted On: May 2, 2006

Guest: stevejk
Credit Expert (100+ Posts)
Post subject: Gift Cards Purchased With 5% Cash Back Credit Cards
Posted: Tue May 02, 2006 8:50 am

Publix sells gift cards for department stores (Sears, Kohls, Bed Bath and Beyond) and restaurants, et al. Albiet not other grocery stores, of course, but they sell them at face value. With the 5% cash back at grocery stores, that means get 5% cash back on non-grocery gift cards too.

I’ll consider swinging by Walgreens and CVS to see what they have available.

Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Tue May 02, 2006 12:26 pm

I have done this before on my citi dividend card (bought give cards at supermarket) and got the 5% back. You have to be careful since some of the gift cards expire in 2 years.

Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Tue May 02, 2006 4:33 pm

Some cards charge a monthly fee if they’re not used (but generally the fee is waived for the first six months or a year).

In California, gift cards NEVER expired–there’s a state law forbidding it.
_________________
Polonius
“Neither a borrower, nor a lender be; For loan oft loses both itself and friend”

Guest: bullwinkle29
Credit Expert (100+ Posts)
Posted: Tue May 02, 2006 7:20 pm

safeway in ca charges face value. the only ones that have a fee are the pre-paid visa/amex/m/c. they have store cards for home depot, olive garden, cheese cake factory, sears, chilles (but good for several others too), etc, they sell gift cards for about 50 different chains. safeway probably sells them, b/c they get a cut from those gift card companies