Top Cash Back w/ Plastic Jungle

Old May 26, 12, 10:47 pm
  #1  
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Target giftcards via Topcashback & PlasticJungle

I had a requirement of 10k in AMEX spending and I reached it all within a week. The trick is to buy Target gift cards from PlasticJungle using TopCashBack.com for 4% cashback. When you receive them, go to target.com and purchase new gift cards for the same amount. This way, you are selling them a different gift card from the one you bought. You then resell it to them using TopCashBack again for an additional 4% cashback. You buy the gift cards at a 3% discount and sell it for 92% of the card value. Add 8% cashback, and you get a slight profit of 3%. I did get a financial review from AMEX the week of the transactions, although it was resolved within a week. If you're going to be using Topcashback, use a referral link from http://www.flyertalk.com/forum/s-p-m...shback-16.html so you can get $5 for signing up. PM me if you need any additional help.
dshargorodsky is offline  
Old May 27, 12, 1:14 pm
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Wow that seems like a pretty big exploit...
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Old May 27, 12, 1:23 pm
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Originally Posted by dshargorodsky View Post
I had a requirement of 10k in AMEX spending and I reached it all within a week. The trick is to buy Target gift cards from PlasticJungle using TopCashBack.com for 4% cashback. When you receive them, go to target.com and purchase new gift cards for the same amount. This way, you are selling them a different gift card from the one you bought. You then resell it to them using TopCashBack again for an additional 4% cashback. You buy the gift cards at a 3% discount and sell it for 92% of the card value. Add 8% cashback, and you get a slight profit of 3%. I did get a financial review from AMEX the week of the transactions, although it was resolved within a week. If you're going to be using Topcashback, use a referral link from http://www.flyertalk.com/forum/s-p-m...shback-16.html so you can get $5 for signing up. PM me if you need any additional help.
There is always a risk here -- how much target gift card Plastic Jungle is willing to buy before stop it...
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Old May 27, 12, 1:39 pm
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Originally Posted by summerdayshopping View Post
There is always a risk here -- how much target gift card Plastic Jungle is willing to buy before stop it...
The only risk is PlasticJungle might stop affiliate links. Remember that they make a profit from people reselling gift cards to them.
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Old May 28, 12, 9:39 am
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Originally Posted by dshargorodsky View Post
I had a requirement of 10k in AMEX spending and I reached it all within a week. The trick is to buy Target gift cards from PlasticJungle
How did you purchase from Plastic Jungle with an Amex card? When I try to add a credit card to my account, I only have the option for visa or mastercard.
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Old May 28, 12, 9:51 am
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Originally Posted by bksmm View Post
How did you purchase from Plastic Jungle with an Amex card? When I try to add a credit card to my account, I only have the option for visa or mastercard.
Plasticjungle accepts PayPal, who allows you to use AMEX cards.
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Old May 29, 12, 8:45 am
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Originally Posted by dshargorodsky View Post
The trick is to buy Target gift cards from PlasticJungle using TopCashBack.com for 4% cashback. You then resell it to them using TopCashBack again for an additional 4% cashback. You buy the gift cards at a 3% discount and sell it for 92% of the card value. Add 8% cashback, and you get a slight profit of 3%. I did get a financial review from AMEX the week of the transactions
Originally Posted by dshargorodsky View Post
Plasticjungle accepts PayPal, who allows you to use AMEX cards.
Where's the paypal fees in your equation?
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Old May 29, 12, 8:53 am
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Originally Posted by pcharles View Post
Where's the paypal fees in your equation?
What fees?
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Old May 29, 12, 9:00 am
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Originally Posted by QL_714 View Post
What fees?
Sorry, I thought there were fees to fund a paypal acct with a cc? Perhaps not?
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Old May 29, 12, 9:05 am
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If you buy on plastic jungle using paypal. then you are making a consumer purchase from a merchant whoa accepts paypal.

Any fees are paid by Plastic Jungle to paypal
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Old May 29, 12, 9:14 am
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Originally Posted by pcharles View Post
Sorry, I thought there were fees to fund a paypal acct with a cc? Perhaps not?
As writetorich has pointed out it is a normal PayPal purchase so no fees on your end.
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Old May 29, 12, 3:09 pm
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Originally Posted by pcharles View Post
Where's the paypal fees in your equation?
The seller pays the fees on Paypal transactions from a merchant (not transfers)

EDIT: Hah, beaten multiple times.
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Old Jun 1, 12, 11:46 am
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10k in a week? Interesting stuff dshargorodsky
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Old Jun 1, 12, 12:56 pm
  #14  
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Originally Posted by dshargorodsky View Post
I had a requirement of 10k in AMEX spending and I reached it all within a week. The trick is to buy Target gift cards from PlasticJungle using TopCashBack.com for 4% cashback. When you receive them, go to target.com and purchase new gift cards for the same amount. This way, you are selling them a different gift card from the one you bought. You then resell it to them using TopCashBack again for an additional 4% cashback. You buy the gift cards at a 3% discount and sell it for 92% of the card value. Add 8% cashback, and you get a slight profit of 3%. I did get a financial review from AMEX the week of the transactions, although it was resolved within a week. If you're going to be using Topcashback, use a referral link from http://www.flyertalk.com/forum/s-p-m...shback-16.html so you can get $5 for signing up. PM me if you need any additional help.
maybe you didn't read their complaints such as bought $200 target gift card for $174 but when card is received 3 weeks later, the balance was only $1.74 and it took forever to get response from PJ and for the refund.
emptiness is offline  
Old Jun 1, 12, 1:37 pm
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TCB question: If I buy a $1,000 GC for $970, does TCB value my 4% on the $970 or $1,000? Likewise, If I sell a $1,000 GC for $966, which number is used?

Thanks,
Mike
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