Credit Card Offer with 5% Cash Back Bonus

Guest: bullwinkle29
Credit Expert (100+ Posts)
Post subject: Credit Card Offer with 5% Cash Back Bonus
Posted: Mon May 01, 2006 5:19 pm

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.

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Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Mon May 01, 2006 6:55 pm

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?
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Guest: JaneiR36
Credit Expert (100+ Posts)
Posted: Tue May 02, 2006 1:08 am

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

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Guest: WellManicuredMan
Posted: Tue May 02, 2006 1:31 am

I've never heard of a Supermarket where you can buy giftcards for other stores...

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Guest: Board Monitor
Board Monitor/ Administrator
Posted: Tue May 02, 2006 7:58 am

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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