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Thank You Points -> Gift Cards -> Plastic Jungle

Regular Contributor

Thank You Points -> Gift Cards -> Plastic Jungle

I just got my Thank You Preffered card yesterday and damn is it sexy! I also have the Forward and have a ton of thank you points racked up that are now worth more since I have the preffered. I wanted anyones advice on using plastic jungle to sell the gift cards I would buy with points. Is it easy? Ever been ripped off? Also, it says, pays "Up to X %" I dont want to buy some $100 Walmart gift cards and have the rate change. Thanks for any help guys and gals!

Amex Everyday 6k || Chase Sapphire 5k || Buypower Card 5k || USAA Wounded Warrior Mastercard 4k || Citi TYP 4.9k|| Citi Forward 5.5k || Discover It 2k || Chase Freedom 5.5k || Walmart 1k || Chase Amazon 1k
Business: Chase ink cash 5k || AMEX Simply Cash 3.8k
Total CLs: 48.7k
Message 1 of 11
10 REPLIES
Contributor

Re: Thank You Points -> Gift Cards -> Plastic Jungle

I sell all my giftcards on eBay, some people pay OVER the value! You'll get a lot more on there then you would with a gift card reselling site.
........???................659 (FICO)................659 (TU08) ........
Message 2 of 11
Contributor

Re: Thank You Points -> Gift Cards -> Plastic Jungle

I just checked and someone has a $100 walmart GC with bids up to $105. Lol people are crazy.
........???................659 (FICO)................659 (TU08) ........
Message 3 of 11
Regular Contributor

Re: Thank You Points -> Gift Cards -> Plastic Jungle

I agree with selling them on eBay.  I have sold several on there, and the worst return I've gotten is 90 cents on the dollar.

 

Can you explain farther about points being worth more with the Preferred?  I rack up a good number of points on the Forward, but it is the only TY card I have.

Amex BCP $20k | PenFed Platinum Rewards VS $16.5k | Amex HHonors $10k
Message 4 of 11
Regular Contributor

Re: Thank You Points -> Gift Cards -> Plastic Jungle


ramblin_wreck08 wrote:

I agree with selling them on eBay.  I have sold several on there, and the worst return I've gotten is 90 cents on the dollar.

 

Can you explain farther about points being worth more with the Preferred?  I rack up a good number of points on the Forward, but it is the only TY card I have.


When you have a thank you card the points equal 1:1 in redemption. When you only have the forward the points are worth less. For instance a $50 gift card cost 6000 points if I remember. Now I get them for 5000 points. The two combined are very powerful. It makes the forward an uncapped 5% back card. 

Amex Everyday 6k || Chase Sapphire 5k || Buypower Card 5k || USAA Wounded Warrior Mastercard 4k || Citi TYP 4.9k|| Citi Forward 5.5k || Discover It 2k || Chase Freedom 5.5k || Walmart 1k || Chase Amazon 1k
Business: Chase ink cash 5k || AMEX Simply Cash 3.8k
Total CLs: 48.7k
Message 5 of 11
Valued Contributor

Re: Thank You Points -> Gift Cards -> Plastic Jungle


TravisD wrote:
I just checked and someone has a $100 walmart GC with bids up to $105. Lol people are crazy.

I always wondered about these types of bids (over the stored value). Perhaps it's people trying to liquidate their PayPal accounts.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Message 6 of 11
Valued Contributor

Re: Thank You Points -> Gift Cards -> Plastic Jungle


bribro wrote:

TravisD wrote:
I just checked and someone has a $100 walmart GC with bids up to $105. Lol people are crazy.

I always wondered about these types of bids (over the stored value). Perhaps it's people trying to liquidate their PayPal accounts.


That could be possible but wouldn't it be more cost effective to just dump it into a bank account?

Chase Sapphire Perferred | Chase Freedom | AMEX Platinum | AMEX Delta Platinum | AMEX SPG | Capital One Venture | Capital One Quicksliver | Discover IT | ABFCU Visa | Citi AA WEMC
Message 7 of 11
Contributor

Re: Thank You Points -> Gift Cards -> Plastic Jungle

Yeah I always figured it was people who don't or no longer have a bank account setup to their PayPal account so they cannot withdraw the money, or they don't want someone to know what they are buying from their bank account.


bribro wrote:

TravisD wrote:
I just checked and someone has a $100 walmart GC with bids up to $105. Lol people are crazy.

I always wondered about these types of bids (over the stored value). Perhaps it's people trying to liquidate their PayPal accounts.


 

........???................659 (FICO)................659 (TU08) ........
Message 8 of 11
Established Contributor

Re: Thank You Points -> Gift Cards -> Plastic Jungle


TravisD wrote:

Yeah I always figured it was people who don't or no longer have a bank account setup to their PayPal account so they cannot withdraw the money, or they don't want someone to know what they are buying from their bank account.


bribro wrote:

TravisD wrote:
I just checked and someone has a $100 walmart GC with bids up to $105. Lol people are crazy.

I always wondered about these types of bids (over the stored value). Perhaps it's people trying to liquidate their PayPal accounts.


 



Your theory about someone not wantigng to know what is coming from their bank account is probably correct.

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
Message 9 of 11
Valued Contributor

Re: Thank You Points -> Gift Cards -> Plastic Jungle


FutureBillionaire wrote:

TravisD wrote:

Yeah I always figured it was people who don't or no longer have a bank account setup to their PayPal account so they cannot withdraw the money, or they don't want someone to know what they are buying from their bank account.


bribro wrote:

TravisD wrote:
I just checked and someone has a $100 walmart GC with bids up to $105. Lol people are crazy.

I always wondered about these types of bids (over the stored value). Perhaps it's people trying to liquidate their PayPal accounts.


 



Your theory about someone not wantigng to know what is coming from their bank account is probably correct.


That's another good theory. Adding to my point about people looking for ways to liquidiate, PayPal is notorious for freezing accounts so if someone was executing some scheme to load their PayPal account with reload cards bought with credit credits for points/minimum spend, liquidating them to a bank account right after loading would definitely be a red flag. Instead the person could use the PP money to buy Walmart gift cards off eBay then sell them on Plastic Jungle or something. That would be too much work for bonus points alone I think, but for someone desperate to clear a minimum spend on a sign-up bonus...

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Message 10 of 11