Originally Posted by
Mr. BoH
I wonder if 3x giftcards.com is gone for good. I have finally burned through my large stash from the 3x period. I have bought a couple at 1x but am finding the effort isn't worth the payoff. The last promo that waived fees was ok I guess. But the normal route of buying a $250 gift card for $253.45 (after 1% g-money discount) effectively only nets me 250 miles for $3.45. That works out to 1.38 cents per mile which is a good price and a little below my internal strawman mile valuation (about 1.5 cents/mile). But after accounting for the effort involved I can't justify doing it to net 30 cents of value per transaction.
I know many out there are still buying at 1x, is there something I am missing? Do you just value miles at more than 1.5 cents? Or enjoy grinding more than I do?
I strongly suspect that 3x is gone for good.
The reason I use them at 1x is because $3.50 for 250 miles and LP (plus bonus) is still a very good deal. This is about 1/2 to 1/3 of the price if the very cheapest hotel deals and many people book those and don't stay.
For spend that otherwise gets no bonus it seems better than the alternative (ie, paying directly with a CC)