Top Cash Back w/ Plastic Jungle
#1
Original Poster
Join Date: Jun 2011
Posts: 278
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.
#3
Join Date: Aug 2011
Posts: 157
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.
#4
Original Poster
Join Date: Jun 2011
Posts: 278
#5
Join Date: Mar 2011
Posts: 96
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.
#6
Original Poster
Join Date: Jun 2011
Posts: 278
#7
Join Date: Aug 2011
Programs: many
Posts: 1,437
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
#14
Suspended
Join Date: May 2012
Posts: 613
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.
#15
FlyerTalk Evangelist
Join Date: Aug 2001
Location: Finally back in Boston after escaping from New York
Posts: 13,643
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
Thanks,
Mike