Good points, I guess if it was that easy, everyone would have already piled on to it.

I do recall several years ago, Costco had a firesale on Godiva gift cards, it was something to the tune of an additional 20% off the discounted price with a buy 2 get 1 free, so I bought something like $1000 in GC's for $360. This was before I learned about MS and Churning so I ended up giving them away to friends and family and spending it on the wifey. Never seen such a sale at costco since then tho, but that would def provide enough margin to make a profit from.