AMEX PRG - Points

[Anonymous]

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@Open123 wrote:

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@xgac12x wrote:

I do not travel, so it would only be for cash back, statement credits etc.

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Just use the MR points to redeem HD GCs when they're 20% off face value.  Then, go through topcashback and sell them to Cardpool.  You'll cashout with approximately $250 for the 25K MR points.

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Does redeeming for GC and selling them on Cardpool still hold true for ~$250?

[core]

"HD" gift cards as in Home Depot?  I didn't know they were 20% off at times; that's an awesome deal for me.  Is there a mailing list or something I can sign up for to be alerted when this happens, or do you just have to keep checking it every week?

[Anonymous]

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@Open123 wrote:

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@xgac12x wrote:

I do not travel, so it would only be for cash back, statement credits etc.

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Just use the MR points to redeem HD GCs when they're 20% off face value.  Then, go through topcashback and sell them to Cardpool.  You'll cashout with approximately $250 for the 25K MR points.

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This might have tax implications. According to the IRS, credit card rewards are not taxable. Neither is selling some stuff on the internet - like selling your old stuff on Amazon. However, selling gift cards at a profit would most likely require you to file Schedule C and pay taxes on your giftcard selling profits.