Buying gift cards on a credit card

mrsjr · ‎12-19-2014

From the information that I've been reading on these forums, I gather that it is unacceptable to buy gift cards on a credit card. Is this true? I would like to know before I go Christmas shopping. Thanks!

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mongstradamus · ‎12-19-2014

@mrsjr wrote:
From the information that I've been reading on these forums, I gather that it is unacceptable to buy gift cards on a credit card. Is this true? I would like to know before I go Christmas shopping. Thanks!

store gift cards you probably can, VGC or MGC is another story.

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Christina_xyt · ‎12-19-2014

@mongstradamus wrote:
@mrsjr wrote:
From the information that I've been reading on these forums, I gather that it is unacceptable to buy gift cards on a credit card. Is this true? I would like to know before I go Christmas shopping. Thanks!
store gift cards you probably can, VGC or MGC is another story.

How about paypal reload card?

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longtimelurker · ‎12-19-2014

@mongstradamus wrote:
@mrsjr wrote:
From the information that I've been reading on these forums, I gather that it is unacceptable to buy gift cards on a credit card. Is this true? I would like to know before I go Christmas shopping. Thanks!
store gift cards you probably can, VGC or MGC is another story.

And volume matters too.

Starting in Jan, Wells Fargo says it won't give rewards even on store gift cards, although that is unenforceble in most cases

mongstradamus · ‎12-19-2014

@Christina_xyt wrote:
@mongstradamus wrote:
@mrsjr wrote:
From the information that I've been reading on these forums, I gather that it is unacceptable to buy gift cards on a credit card. Is this true? I would like to know before I go Christmas shopping. Thanks!
store gift cards you probably can, VGC or MGC is another story.
How about paypal reload card?

paypal reload card i would think would fall in the vgc mgc category since you can convert it to cash ?

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kdm31091 · ‎12-19-2014

A lot of stores won't let you do it now because of all the fraud situations. As usual it gets ruined for everyone because of scammers. Plus as someone pointed out issuers are catching onto it and may not give you rewards anyway so there's no incentive to use credit.

NRB525 · ‎12-19-2014

@longtimelurker wrote:
@mongstradamus wrote:
@mrsjr wrote:
From the information that I've been reading on these forums, I gather that it is unacceptable to buy gift cards on a credit card. Is this true? I would like to know before I go Christmas shopping. Thanks!
store gift cards you probably can, VGC or MGC is another story.
And volume matters too.

Starting in Jan, Wells Fargo says it won't give rewards even on store gift cards, although that is unenforceble in most cases

+1

If you are buying gift cards for gifts, don't let the manufactured spenders Grinch your holiday. If the store sells it to you, go for it.

The MSers are running literally thousands of dollars of gift/cash cards through their credit cards, trying to tweak ways to turn them into cash for a sliver of benefits.

For your few gift cards, no CCC is even going to notice. You will pay fees to get the gift cards, and they are fine with that.

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kdm31091 · ‎12-19-2014

Very true. It's the people who do it to extreme cause problems. Buying them as actual gifts I reasonable amounts should be fine. The problem is people who buy 5k of them regularly.

Anonymous · ‎12-19-2014

@longtimelurker wrote:
@mongstradamus wrote:
@mrsjr wrote:
From the information that I've been reading on these forums, I gather that it is unacceptable to buy gift cards on a credit card. Is this true? I would like to know before I go Christmas shopping. Thanks!
store gift cards you probably can, VGC or MGC is another story.
And volume matters too.

Starting in Jan, Wells Fargo says it won't give rewards even on store gift cards, although that is unenforceble in most cases

+1. Nothing wrong with buying gift cards with credit cards. Now if your spend on a card goes from 2k a month to 20k a month and its all on gift cards you are likely going to catch your CC issuers attention.

Anonymous · ‎12-19-2014

To be honest, I do it all the time now on my Discover.

As an example, they are offering 5% back at departments stores. So what I do is purposely buy a Shell gas gift card for $25-30, maybe some food gift cards, voila!