How Can You Buy Gift Cards to Get Rewards?

The detail information about earning rewards for buying gift cards and redeem rewards for gift cards.

Eilene
2021-08-03 11:58:20

How Can You Buy Gift Cards to Get Rewards

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You can read this article certainly for your consideration of saving your expenditure expense. And now, I'll share it with you.

1. Earning rewards for buying gift cards

A few years ago, there weren't a lot of reward activities for buying gift cards. As gift cards becoming more and more popular, there have been a lot of policies for selling gift cards to retain customers. If you use the gift card reward activities well, you can save a lot of money. Some gift card reward activities are offered by merchants, you can get reward cash back by redeeming a gift card from a merchant, but the cash may only be used in the store. Another rewarding activity is the combination of credit cards and gift cards. You can purchase a gift card or exchange a gift card to receive a cash reward and the reward cash is directly back to the credit card, which you can use as cash when you withdraw it.

2. The cash back cards for buying gift cards

If you purchase a gift card with your credit card, you will probably get both the credit card cash back and the gift card exchange cash back.

a. Discover it® Cash Back 

Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, 6 grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically.

b. Chase Freedom Flex℠ 

Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases. You won't pay an annual fee with the Chase Freedom Flex℠ card.

c. American Express Blue Cash Preferred® Card 

With the industry-leading 6% cash rebate at U.S. supermarkets, you can basically save $6 on every $100 spent (including gift card purchases). All purchases made outside the reward category are eligible for an unlimited 1% cash rebate.

3. Redeem rewards for gift cards

When you buy a gift card and it doesn't come out of your pocket, that's the best thing, right?  Many credit cards that reward points (such as the popular cards issued by Chase and American Express) accumulate points for every dollar spent on your card. In general, you can redeem points through the card issuer's official website, which offers options including travel discounts, cash back, merchandise, entertainment, and gift cards. You can also redeem your points for instant cash on Amazon.com with selected Discover, Chase, and American Express cards at checkout.

Well, that's all for today's sharing, thanks for your reading.

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