I just noticed that people are selling gift cards to stores like Walmart on eBay for more than the value of the gift card promoting the Bing cashback people can get from buying the card.
I thought this could be a great (although short lived) opportunity to pick up some miles. I was thinking I could buy some $500 Walmart gift cards and sell them for $525-$530. However, unless I'm figuring something wrong, the eBay fees would be about $30 & the PayPal fees would be $15. So that makes the cost $45 to sell each card.
I've come across several people who have sold 10-15 $500 cards for $535. Not sure if this will work but here's a list of recently completed listings:
http://completed.shop.ebay.com/i.htm...c0.m283&_rdc=1
I'd love to do this 20 times to pick up a quick 10,000 miles but seems like it would end up costing me at least $10 per auction to do that. Am I missing something? Are these people somehow buying for less than their value?