Ebay: Must be a member of eBay and have a fully verified paypal account to start this process.
Step by Step Guide:
Step 1: Join eBay Bucks: http://my.ebay.com/ws/eBayISAPI.dll?RewardsExtEnroll&CTASignup=false&ExtLanding=true
You’ll earn 2% rewards on practically every purchase on eBay.
Plus, eBay has promotions where they increase the rewards percentage to 6, 8, and sometimes 10%. These promotions typically occur 1-2 times a month. They call these promotions VIP bucks. To get invited, you usually have to make at least one purchase on ebay within the previous 12 months.
After you join eBay Bucks, the goal is to obtain maximal discounts on gift cards on ebay.
How to Purchase a Discounted eBay Gift Card:
Summary of Strategy: purchase discounted target gift card and use that to purchase a discounted ebay gift card.
1) Use a cashback credit card to purchase a Target gift card from a discount gift card site.
The discount on Target gift cards varies. Currently, the discounts are usually 4-6.5%. You should make this purchase using your best cashback credit card (I currently recommend Discover It Miles for 3% cashback 1st year). Here’s the deal with each gfit card site:
Raise.com: has $5 off coupon code for first purchase, plus 3% cashback on Splender.com (capped at $1000 in purchases lifetime)
Cardpool.com: 2% cashback using topcashback.com (capped at $1000 in purchases lifetime)
Giftcardrescue.com: $5 off coupon first purchase plus daily coupon codes by signing up for newsletter
2) Use the target gift card to purchase an ebay gift card on target.com. Save an extra 5% by initially setting up payment with target red card, then, at the last step in checkout process, change the payment type to gift card.
1) Discover Cashback Credit Card 3%
2) Target Gift Card average discount price at Raise.com 4-6.5% plus coupon savings
3) Splender.com cashback for Raise.com 2-3%
4) Target red card savings: 5%
Total average savings: 15.5%
Purchasing store gift cards on eBay
1) Use your eBay gift card to complete purchases on eBay.
2) Use cashback site when visiting eBay, you’ll always be able to find at least 1%, usually 2%, and sometimes even 3% cashback.
3) Time your purchase in coordination when ebay runs a VIP specials for eBay Bucks to get an average of 8% rewards.
Total net savings:
15% plus 2% + 6-8% during vip bucks promotions = 25%.
Also, eBay frequently has gift cards on sale for 10-15% off. I’ve seen Lowes, ExxonMobile, Sears, Bed Bath and Beyond, Target, and other high quality stores on sale.
Here’s a link to current ebay gift card deals:
In a best case scenario, these cards will be on sale when eBay runs a VIP Bucks promotion.
1) ebay will only allow you to purchase $5000 worth of goods per quarter using eBay gift cards.
2) for new buyers, they may cap you at $500 per month with ebay gift cards until you establish a history with them.
3) eBay has purchase limits on the gift card deals section, usually can only buy a few discounted cards.
4) paypal digital gifts limits your number of purchases with ebay gift cards. I have not figured out how they choose to apply this limit.
What cards to buy on eBay
I have purchased cards from private sellers on ebay, but it’s a bit more work. Some of the cards purchased from private sellers will be bad, and you’ll have to create a case to get your money back. I’ve always been able to get my money back on all my purchases where I ran into this problem. I’ve decided that I’ll only purchase from sellers with at least 200+ score and with a discount of at least 5% more than a professional seller because I don’t want to deal with any hassles.
Professional Sellers: These cards are brand new, never used, sold direct from gift card brokers. I’ve never had an issue of a bad card from any of these sellers. All cards are physical gift cards except paypal digital gifts which are emailed. Sometimes you’ll have to pay small shipping charges. You can minimize these by bigger purchases or waiting for cards to “go on sale”.
1: Paypal Digital Gifts (email cards) http://stores.ebay.com/PP-Digital-Gifts?_trksid=p2047675.l2563
2: Giftcard Mall: http://stores.ebay.com/GiftCardMall?_trksid=p2047675.l2563
3: SVM Gift Cards: http://stores.ebay.com/svmgiftcards
4: Cardency: http://stores.ebay.com/CARDENCY?_trksid=p2047675.l2563