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Back in December 2015, there was an Amex Offer that allowed gave you a $250 statement credit on a $500 or more purchase at the high end store Intermix. I personally had never shopped at the store (way too expensive for me!) but figured I’d purchase a gift card to try to resell. And if it didn’t sell, I’d treat myself to some nice clothes. I was pregnant at the time and figured this would be a nice gift to myself after I had the baby and lost the baby weight. Still hasn’t happened!
While I saved this offer to many of my American Express credit cards, I only took advantage on one card. I didn’t want to be stuck with multiple $500 gift cards in case they didn’t sell, although in hindsight I wish I did. At the time, there were no gift card resale site that were purchasing these gift cards for automatic payment. The only way to sell was to actually have a buyer. In January 2016, I put my $500 Intermix gift card for sale on Raise.com for $450. It sat, and sat, and sat. I actually forgot about selling it and assumed I’d just use it at the store. Well, last week, 18 months later, my gift card sold! I received a check in the mail from Raise.com for $396.00! A $144 profit for minimal work. The only time spent was purchasing the gift card (which was at a shopping complex I go to anyways) and then putting it online. So let’s assume 20 minutes of effort. A pretty good ROI in my opinion!
While there have been some other great opportunities in the past with purchasing Visa or Amex gift cards at a discount which allow you to then use them on your everyday spend, this was my best yet store gift card purchase/re-sell.
While this offer is long over, this is just a reminder to keep on checking those Amex Offers. You never know when a good money making opportunity will come along! Of course I’ll be sure to keep you in the loop as well!
Feel free to comment below with the best Amex Offer you’ve taken advantage of.