A lot of you have been asking me lately about The Plastic Merchant and where to buy merchant gift cards you can resell to them. If you get approved as a member, The Plastic Merchant is a great resource for manufactured spending. The company was founded by fellow points and miles enthusiasts who wanted to capitalize on our desire to earn miles at little to no out of pocket cost. The arrangement works so well because they’re able to get fraud-free gift cards while we earn tons of miles without having to leave the house. So which gift cards does The Plastic Merchant buy and where can you find them? It’s actually fairly simple.
The Plastic Merchant buys nearly a thousand different types of merchant gift cards. In various denominations. All you have to do is login and look through their gift card list, sorted by highest purchase percentage. It’s important to note that The Plastic Merchant does not buy gift cards obtained from resellers like Raise. They have to be purchased directly from the merchant. The good news is that plenty of merchants run gift card sales, so you can buy tons of gift cards and resell them to The Plastic Merchant at a profit or while breaking even.
In my experience, most of the best deals come from Ebay, Staples, Costco, Simon Mall, Sam’s Club, and BJ’s Warehouse. The Plastic Merchant actually does an awesome job of informing members of gift card deals via email updated. Occasionally, I’ve found deals at Staples that The Plastic Merchant didn’t send notifications for. It’s totally understandable – sometimes things fall through the cracks. But that’s why it’s so important to periodically check for these deals yourself.
Another important step in the gift card hunting stage? If you find a deal and check it against The Plastic Merchant’s purchase rates, put a certain quantity on hold. Don’t go crazy – you don’t want to reserve an absurdly high capacity and cheat other people out of a good deal. Instead, think about how many gift cards you can buy at that moment. Then put that quantity on hold. If you’re able to buy more gift cards later and The Plastic Merchant has capacity available, then go ahead and reserve more. But do try to be considerate of other people and of The Plastic Merchant’s trust that people won’t abuse the system.
The last point I want to cover is the type of gift cards to focus on. When I was focusing on churning merchant gift cards last year, I focused heavily on the merchants mentioned above. I’m not going to pretend I discovered them on my own – I learned about them from The Plastic Merchant’s email updates. Normally, the most popular gift cards were iTunes, Starbucks, Gap, and Nike. These were frequently on sale at places like Staples, Simon Mall, and BJ’s Warehouse. More importantly, they tended to be the cards with the highest payouts and could be purchased in large quantities.
Those are my tips and tricks for successfully churning gift cards with The Plastic Merchant. Once the holiday shopping season gets going (i.e. in October), we’ll see a lot of great gift card deals. That’s probably when I’ll start churning them in larger quantities. And enjoying the fact that I don’t have to leave the house and deal with crazy shoppers to get in on these deals.
Do you have any tips for people looking to sell profitable gift cards to The Plastic Merchant? Which merchant gift cards do you usually churn? Please share in the comment section.
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