Manufactured spending techniques don’t only apply to collecting airline miles and flying for cheap. You can also follow the same guidelines to get a Cash Advance from a credit card.
Giftcardmall.com current promo gives $2 off Visa Gift Card fee when using code Thanks2016. Combine this with ebates‘ %1 cashback, you will end up covering all fees and making a profit!
Here is the break down:
2 x cards at $500 = $1000
fees: 2 x $5.95 = $11.9
Thanks2016 promo code $2 X 2 = -$4
free shipping = $0
Cost before cashback = $1007.9
Purchase Fees after discount = $7.9
1% ebates Cashback:
0.01 x $1011.9 = $10.119 (ebates rounds it off to $10.12)
For whatever reason ebates gives cashback on the order total before the discount. I have done this back in March with a $2 off promo code + ebates:
ebates cashback on a Giftcardmall.com order of $1011.90 order
Cost for 2 x $500 Visa Gift Cards with $2 off promo and ebates cashback: $10.12 – $7.9 = $2.22!!!!
You are earning miles/points and getting a nice little profit as the cherry on top.
This is my favorite manufacture spending technique. You can easily meet the minimum spend buying Visa gift cards and liquidating them through money orders.