r/LifeProTips
Posted by1 year ago
Edit: store cards probably won’t work and certain credit card companies may not allow adding the gift card to your Apple wallet. Just log in the gift cards (not store brand) website and see if it’s allowed.
Also for those who often receive incentives from work and have access to Amazon. Amazon is such a great way to incentivize. You can buy so many things including store gift cards!
level 1
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level 1
Just tried with a visa gift card, didn’t work
level 2
Sometimes with a visa gift card, I have to redeem it in two separate transactions (like half and half), because it needs to ping the card or something to see that there are funds available for the first transaction, and it can’t do it if you’re trying to redeem the full amount on the card. May not work for you but it has for me in the past.
Side note: (most) gift cards are stupid!
level 2
Double check the gift cards website, you do have to add it with a pin etc and make sure it’s registered to your name.
level 2
You can add it to Venmo though
level 1
If this is true, it’s one of the best LPTs I’ve read on here. Thanks!
level 2
Sure is I discovered it when I got a $100 GC from getting vaccinated. Tried it again for my partner. Works super smoothly!
level 1
I’ve done this with prepaid debit cards that companies issue for rebates. I was surprised it worked and it is 100% the best way to cash out those types of cards.
level 2
What does “ no more leaving money on the table” mean
level 1
So now if I buy the gift card using a credit card that yields 6% back ( I’m looking at you AMEX for grocery store purchases) I actually can make a little extra…
level 2
You just need to buy ~$17 million in gift cards and you'll be a millionaire!
level 2
Most most the ones I've tried to buy require a debit card
level 2
Credit card companies won't give you cash back for gift card/cash exhanges. They thought of this beforehand and it's in your agreement.
level 2
Amex will know if you bought a gift card. That data is shared by the merchant. Cash equivalent transactions are not eligible for earning rewards. Check your terms and conditions. This would include gambling, gift cards, prepaid cards, and person-to-person transactions (venmo, cash app, etc.)
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