Unlimited 5%MS.. How hard to hit it?
Nov 10, 2016, 4:20 pm
#1
Original Poster
Join Date: Jan 2016
Posts: 36
Unlimited 5%MS.. How hard to hit it?
Lets say I have found a store and credit card that allows me to purchase vgc's and get 5% back with no cap.
The only problem is that the store is not part of a chain and there is literally only one store where I can make this work. Currently, they have plenty of vgc's in stock and I have had no problems buying a card or two every couple of days.
This store is very small,(only one cashier and usually nobody or maybe just one or two customers in the store at any time). I obviously don't want to hammer this store too hard and make them change policy to cash/debit only if I can slowly milk it in perpetuity.
Right now, I'm thinking I'll just purchase 1k per week and hope that this loop last me years. Do you guys think I should hit it harder and risk store shutdown, or slower to preserve the loop?
The only problem is that the store is not part of a chain and there is literally only one store where I can make this work. Currently, they have plenty of vgc's in stock and I have had no problems buying a card or two every couple of days.
This store is very small,(only one cashier and usually nobody or maybe just one or two customers in the store at any time). I obviously don't want to hammer this store too hard and make them change policy to cash/debit only if I can slowly milk it in perpetuity.
Right now, I'm thinking I'll just purchase 1k per week and hope that this loop last me years. Do you guys think I should hit it harder and risk store shutdown, or slower to preserve the loop?
Nov 10, 2016, 4:32 pm
#2
Join Date: Sep 2016
Posts: 123
Lets say I have found a store and credit card that allows me to purchase vgc's and get 5% back with no cap.
The only problem is that the store is not part of a chain and there is literally only one store where I can make this work. Currently, they have plenty of vgc's in stock and I have had no problems buying a card or two every couple of days.
This store is very small,(only one cashier and usually nobody or maybe just one or two customers in the store at any time). I obviously don't want to hammer this store too hard and make them change policy to cash/debit only if I can slowly milk it in perpetuity.
Right now, I'm thinking I'll just purchase 1k per week and hope that this loop last me years. Do you guys think I should hit it harder and risk store shutdown, or slower to preserve the loop?
The only problem is that the store is not part of a chain and there is literally only one store where I can make this work. Currently, they have plenty of vgc's in stock and I have had no problems buying a card or two every couple of days.
This store is very small,(only one cashier and usually nobody or maybe just one or two customers in the store at any time). I obviously don't want to hammer this store too hard and make them change policy to cash/debit only if I can slowly milk it in perpetuity.
Right now, I'm thinking I'll just purchase 1k per week and hope that this loop last me years. Do you guys think I should hit it harder and risk store shutdown, or slower to preserve the loop?
Last edited by SoloExperiment; Nov 11, 2016 at 5:04 am
Nov 10, 2016, 6:36 pm
#4
Join Date: Jun 2004
Location: IAD
Programs: All of them to one degree or another
Posts: 447
Start small and slow - get to know the cashier or owner with small talk over a few weeks until they know you're an established regular and then start increasing volume. Don't try and hide anything, if he asks tell him what you're doing...I'm assuming he's not losing money by selling them to you so as long as your well liked and not suspicious there should be no reason why they wouldn't allow higher volume
Nov 10, 2016, 10:56 pm
#5
FlyerTalk Evangelist
Join Date: Jul 2008
Location: IAH
Programs: DL DM, Hyatt Ist-iest, Stariott Platinum, Hilton Diamond
Posts: 12,792
This is my thought too. Pretty much the minimum transaction cost for a grocery store is 1.65% (per Visa's published info) so if you buy a $500 VGC it's likely costing them ~$8, which is more than the VGC purchase fee and that's assuming they get all of the purchase fee.
My guess is that most grocery stores assume they will sell enough low dollar amount gift cards to make a profit on gift cards, on the whole.
My guess is that most grocery stores assume they will sell enough low dollar amount gift cards to make a profit on gift cards, on the whole.
Nov 11, 2016, 4:48 am
#6
Join Date: Feb 2016
Location: Northeastern United States
Posts: 597
This is my thought too. Pretty much the minimum transaction cost for a grocery store is 1.65% (per Visa's published info) so if you buy a $500 VGC it's likely costing them ~$8, which is more than the VGC purchase fee and that's assuming they get all of the purchase fee.
My guess is that most grocery stores assume they will sell enough low dollar amount gift cards to make a profit on gift cards, on the whole.
My guess is that most grocery stores assume they will sell enough low dollar amount gift cards to make a profit on gift cards, on the whole.