I found that you could buy Target Visa GC with Target GC, but it seems it wouldn’t go through anymore. I succeeded for the first attempt. And 3 weeks later I tried to purchase (4) $100 Target Visa GCs. Checking out was done smoothly, and I received “Thank you for your order” email. However, in just one minute, I was received another email telling me the order was cancelled. The email doesn’t say what exactly the problem. The first thing I came up with is the payment method I took. The description of Target Visa GC at Target.com says:
I thought using Target GC was the problem, but it might be that I ordered too many cards. So, hours later, I made another order of (1) $100 Target Visa GC. And this time, too. The order was cancelled a minute after I was received thank-you-for-your-order email. I got disappointed. This strategy won’t work, and I should spend all Target GCs (which I bought from gift card exchange sites) for merchandises.
But, the next day, an email I received from ShopDiscover brightens me. Although I clicked through a link at ShopDiscover, I didn’t expect cash back from them. That’s because the first successful order was made through Coupay.com, and I didn’t receive cash back from them. I clicked the link of ShopDiscover just in case.
ShopDiscover’s cash back bonus for Target is 5%. For the order of (4) $100 Target Visa GCs, I could have gotten $21.20 as the email says. And if Target accepts credit card for the purchase of Target Visa GCs, you will receive 1% (or more, depending on credit cards) cash back. For example, when I buy (1) $100 Target Visa GC with Discover it (which gives 1% cash back on all your spending):
- Pay a purchase fee (-$6.00)
- 5% cash Back from ShopDiscover (+$5.30)
- 1% cash back from Discover (+$1.06)
- It is slight, but there is a profit, $0.36!
Visa GCs can be used as a debit card. Depending on stores, you can get cash back at the register. You can load your Bluebird or Serve at Walmart. They are easy to convert into cash. The point is you don’t lose money in this transaction. You can use this strategy as one of your manufactured spending. Compared with buying Visa GCs at Staples, it is a worse deal, but it is always better to have many options for your manufactured spending.
So far, I have received only one email from ShopDiscover. For the second order (1x $100 Visa GC), I haven’t received. It will probably be sent tomorrow. This strategy is mostly relied on Cash Back Bonus from ShopDiscover, so I want to make sure of it. And then, I will make another order with a credit card.
