iConsumer’s payout on giftcards.com fits manufacturing spenders perfectly. Here’s the deal: When you make an initial $25 purchase, they give you 500 shares of stock in the website. It is currently trading for 17 cents per share (symbol RWRDP). That’s about $85 if my math is correct.
Update 8/1/19: iConsumer now pays out 1.2% in stock only.
In addition, each referral that spends about $130/earns $1 of non-stock rebate within the first 90 days earns you 250 additional shares of stock. That referral bonus is worth about $42.50 at today’s stock price. But here’s the sweet part for us MS’ers. The payout at giftcards.com is 2% through iConsumer.com.
Effective 8/1, the site is offering all stock as a rebate with no more cash rebate. Make your initial purchase and get your referrals in now!
Here is my referral link: https://www.iconsumer.com/oewqaXh
The payoff could be significant for us if we MS here at least part of the time. And, if you are uncomfortable with that, use the referral link above to join and make a simple $25 purchase for 500 shares of stock.
Remember the website payoff is in addition to your credit card rewards. I’ll be using my BofA Travel Rewards card for an additional 2.625% earnings. Any other cash back card at 2% or above, makes this a stellar opportunity.
If you don’t have at least a 2% cash back card, GO get one.
*With the new all stock rebate coming, the cashback will come from your credit card and the stock will come from the 2% at GiftCards.com.*
Fidelity 2%? Alliant Visa? Discover card? There are lots of cash back choices to make this a free and profitable play. OR maybe even meeting minimum spend on a non-Amex card or Citi Double cash card, where we know gift cards purchases are under scrutiny.
Have fun with this one. I’m already in. Ariana is in from some time ago, with a much lower sign-on and referral bonus. I’m changing my gift card MS to this site to see how it goes. Well, I’ll still do 3X grocery stores with my Navy Federal card and DOSH.
BTW My first transaction and new account 500 shares posted the same day I did my initial $25 purchase. And two referrals also showed up pending on day one.
Hat Tip to Danny the Deal Guru for bringing this increased sign up to my attention.
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