In an effort to cut back on Christmas expenses this year I’ve purchased a handful of discounted gift cards from eBay and other online auction sites. I started sniffing the web a few months back and so far I’ve managed to snag a bunch of cards for 60-70% of their cash value.
I plan to take advantage of a whole host of Cyber Monday sales tomorrow. In the past I’ve been very successful at saving money on Cyber Monday. I typically use coupon codes and shop primarily through Ebates. (I mentioned Ebates on Friday, so I won’t go into detail, but I will add that you can earn an additional $10 in cash back savings if you sign up and make a purchase by December 31st.)
Between the coupon codes, the cyber monday sales and the discounted gift cards I hope to save between 40 and 50% off of all my online purchases. I don’t know how close I’ll come to that mark, but those are the numbers I’m aiming for.
I should note that I only purchased cards for stores where I plan to buy gifts or for stores where I would shop myself. I also avoided any stores that I think might be in risk of bankruptcy. If worst comes to worst, and I can’t find any deals worth purchasing, I’ll simply post the discounted cards back on eBay and recoup my initial costs. I bought the cards at such low rates that I might be able to make money off the transactions.
2 thoughts on “Using Discounted Gift Cards on Cyber Monday”
Check out Microsoft Live Cashback too. Similar to Ebates and others but worth checking the cashback percentages across different sites to ensure you’re maximising your cashback. Good luck!
I checked out Microsoft Live. Good stuff.