Originally Posted by
jjangoo
See, this route poses new problems. Because when a promotion comes along you have to hit it hard in order to maximize earnings on this card. I feel like this is more likely to raise eyebrows over at Chase. You have to factor in availability and restrictions too. Like during the OfficeMax sale, they ran out of the $200/$100 GCs in a matter of hours here in Chicago. And the ones that did have stock were stingy about letting me do multiple transactions. You're right about the patience bit, but I'd really like to know how you're hitting the $50,000 cap without taking advantage of the normal deals.
Your right, since my strategy works for my area, but may not work for areas like Chicago. I'm blessed with many office supply stores and not as many ms'ers therefore wife and I have good supply of higher valued gift cards. So, when there aren't in store specials my profit would shrink to $16.25 per $1000 in VGCs due to the activation fee and small money order fee when liquidating (this is last resort toward end of year if I hadn't reached the 50,000 spend limit). That's only a 1.62% return, therefore I look for online portal deals then order through portal to Staples. Sometimes a portal will offer 6 or 7%cb and then it makes for nice profit when coupled with Ink.