&Is there any reason a person could not purchase gift cards and use them for purchases yourself for everyday items....and pocket the points?
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One of the more lucrative reasons to buy gift cards is to unlock a new account bonus requiring minimum spend without having to lockin specific purchasing decisions. Changes to US law have made gift cards more useful by restricting fees and preventing expiration dates. Which is good because there are now more than four billion "star bucks" locked up in gift cards for a certain coffee conglomerate. I don't shop at Starbucks myself but there are some stores I do shop at that also sell gift cards. I don't know what I'll need from a store like Amazon or Home Depot, but I know I'll probably need something, so I can bank the signup bonus and category bonus now and spend the money later when I actually need whatever it is.I guess one possible advantage would be if you needed to get a bunch of points right away you could buy gift cards, collect the points, and use the cards later for whatever....
I think this is what I'm going to do to fulfill the 'spend $1,000 in 3 months to receive 18,000 points' offer from my new AGR MC. I've used nearly $500 already, and since I purchase food, prescriptions, etc. at Walmart every week - I know a gift card from there would be eventually used up. Another question...after I pay the MC bill, how soon can I expect to see the 18,000 points post to my AGR account?&Is there any reason a person could not purchase gift cards and use them for purchases yourself for everyday items....and pocket the points?&&One of the more lucrative reasons to buy gift cards is to unlock a new account bonus requiring minimum spend without having to lockin specific purchasing decisions. Changes to US law have made gift cards more useful by restricting fees and preventing expiration dates. Which is good because there are now more than four billion "star bucks" locked up in gift cards for a certain coffee conglomerate. I don't shop at Starbucks myself but there are some stores I do shop at that also sell gift cards. I don't know what I'll need from a store like Amazon or Home Depot, but I know I'll probably need something, so I can bank the signup bonus and category bonus now and spend the money later when I actually need whatever it is.I guess one possible advantage would be if you needed to get a bunch of points right away you could buy gift cards, collect the points, and use the cards later for whatever....
No.That's good info. to know, Thanks! Noticed that the small print at Teleflora where I ordered flowers yesterday says 'allow 4-6 weeks for points to post'. I would like to book my next trip sooner than that....will Amtrak let me pay for the trip now, then when the points are there, refund me for the portion where I want to substitute with points...or would it be better to simply be patient and wait til they're all in my pts. balance?
Generally, IRS payments may be made through certain contractors, but there is a fee. If I remember correctly, the fee was more than the value of the points.Dan, that's a great perk! Did someone say in this thread that the IRS will take MC? As a self-employed operator, I pay quarterly taxes and that'd be great to be able to use AGR MC for that.
The thought of a train trip kind of takes the sting out of tuition...well a bit. But I have to pay it in any case so might as well get a train ride out of it.Dan, that's a great perk! Did someone say in this thread that the IRS will take MC? As a self-employed operator, I pay quarterly taxes and that'd be great to be able to use AGR MC for that.
Now that prepaid Visa and Mastercards can be assigned PINs and used like debit cards, for a small fee, you can buy something to use at places that take debit but not credit.By and large, gift cards are offered for merchants that accept credit cards, so I'm not sure I see an advantage in buying gift cards over simply using the AGR credit card for the everyday purchases. For a card that gives 5x, I see it.Is there any reason a person could not purchase gift cards and use them for purchases yourself for everyday items....and pocket the points?
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