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Don't know why I didn't think of this before!

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pizza1
Community Leader
Super Contributor

Don't know why I didn't think of this before!

Does anyone ever use their points they accumulate on the rewards cards to purchase gifts or gift cards for Christmas presents?? I'm thinking that having a rewards card is kinda like having a "Christmas account" at a bank, where you put a little money away every month till Christmas and then withdraw it for shopping. I'm going to start doing that this year! I won't really have to put out much more out of pocket during that time, and then cash in my rewards to get my family gift cards to their favorite places to shop! That's a win win it seems like! 

 

Anyone know how long it takes for Barclays lets say, to send you the gift cards? Should I start cashing in like end of October/ first November in order to get them in time for Christmas?  I know we just had Christmas, but I'm a planner and like to plan ahead, lol!! Does it take 6-8 weeks to get the gift cards? Anyone have experience with that? Thanks for the thoughts!Smiley Happy

Message 1 of 22
21 REPLIES 21
Anonymous
Not applicable

Re: Don't know why I didn't think of this before!


@pizza1 wrote:

Does anyone ever use their points they accumulate on the rewards cards to purchase gifts or gift cards for Christmas presents?? I'm thinking that having a rewards card is kinda like having a "Christmas account" at a bank, where you put a little money away every month till Christmas and then withdraw it for shopping. I'm going to start doing that this year! I won't really have to put out much more out of pocket during that time, and then cash in my rewards to get my family gift cards to their favorite places to shop! That's a win win it seems like! 

 

Anyone know how long it takes for Barclays lets say, to send you the gift cards? Should I start cashing in like end of October/ first November in order to get them in time for Christmas?  I know we just had Christmas, but I'm a planner and like to plan ahead, lol!! Does it take 6-8 weeks to get the gift cards? Anyone have experience with that? Thanks for the thoughts!Smiley Happy


2 weeks or so.

Message 2 of 22
Anonymous
Not applicable

Re: Don't know why I didn't think of this before!


@pizza1 wrote:

Does anyone ever use their points they accumulate on the rewards cards to purchase gifts or gift cards for Christmas presents?? I'm thinking that having a rewards card is kinda like having a "Christmas account" at a bank, where you put a little money away every month till Christmas and then withdraw it for shopping. I'm going to start doing that this year! I won't really have to put out much more out of pocket during that time, and then cash in my rewards to get my family gift cards to their favorite places to shop! That's a win win it seems like! 

 

Anyone know how long it takes for Barclays lets say, to send you the gift cards? Should I start cashing in like end of October/ first November in order to get them in time for Christmas?  I know we just had Christmas, but I'm a planner and like to plan ahead, lol!! Does it take 6-8 weeks to get the gift cards? Anyone have experience with that? Thanks for the thoughts!Smiley Happy


It will say 6-8 weeks but you get it in a week.  But to be safe, do it early.  And I use some of my points for giftcards as x'mas presents...

Message 3 of 22
pizza1
Community Leader
Super Contributor

Re: Don't know why I didn't think of this before!

Yes.... Can you briefly tell me your experience doing that? I've never done it before, and new to rewards cards. Was it an easy transaction overall? And do order multiple gift cards? Say 3-$20 Starbucks cards, and 2-$100 Macy's cards all in was setting? Thanks!Smiley Happy
Message 4 of 22
Anonymous
Not applicable

Re: Don't know why I didn't think of this before!

This honestly really depends on the card and in some cases might be a complete waste of points.

Discover is great for this as they boost the amount of cash bank, so $20 can give you a $30 GC; however when I look at something like Ultimate Rewards points I am MUCH more inclined to spend it on flights (flight to CA and back cost 22k points, almost a $500 value) than on GC (only would equal about a $200 GC).

Of course YMMV but I'm not a big fan on using points for GCs or Statement Credits due to the major opportunity cost associated with it.
Message 5 of 22
Anonymous
Not applicable

Re: Don't know why I didn't think of this before!


@pizza1 wrote:
Yes.... Can you briefly tell me your experience doing that? I've never done it before, and new to rewards cards. Was it an easy transaction overall? And do order multiple gift cards? Say 3-$20 Starbucks cards, and 2-$100 Macy's cards all in was setting? Thanks!Smiley Happy

Sure.. Based on what rewards card you have, 1 point = $1.  I have most of my rewards via Chase.  You can redeem for a lot of gift cards for the companies listed on their portal.  You can redeem from $5 - $100.  For example, 500 points = $5, 2500 points = $25, 5000 points = $50 and so on.  You can also redeem to jet out out to a holiday spot which is worth more... Hope this helps.

 

To get rewards quickly, sign up for cards with big bonus points.  Save you a lot of money...

Message 6 of 22
pizza1
Community Leader
Super Contributor

Re: Don't know why I didn't think of this before!

Visper.... I have a couple of cards that have rewards, but they aren't great cards, my credit file wont be able to support nicer rewards cards for a few years or so, I have a BK on file with derogs.

Currently have a Barclays rewards master card, cap one QS, and Navy fed with rewards. I don't fly very often either, just thinking out to best keep money in my savings and pocket, without spending a great deal during holidays. The gift card thing seemed reasonable to me to cash my point in on .
Message 7 of 22
pizza1
Community Leader
Super Contributor

Re: Don't know why I didn't think of this before!

I just looked in my barclays rewards account , under "manage rewards", and they only offer like 8 gift cards??? I thought that I would be able to orders gift cards from 100's of different places and have my pick! That's disappointing??!Smiley Sad
Message 8 of 22
Anonymous
Not applicable

Re: Don't know why I didn't think of this before!


@pizza1 wrote:
I just looked in my barclays rewards account , under "manage rewards", and they only offer like 8 gift cards??? I thought that I would be able to orders gift cards from 100's of different places and have my pick! That's disappointing??!Smiley Sad

It's not Discover. Smiley Indifferent

Message 9 of 22
pizza1
Community Leader
Super Contributor

Re: Don't know why I didn't think of this before!

Well I can't have discover, so I'm out of luckSmiley Sad ill see what navy offers
Message 10 of 22
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