This hobby has taught me a lot. First, I was appalled by paying annual fees on credit cards. I mean, I had my trusty Discover card. Who needs a card that’s going to charge you just to use it? Plus, way before all of that, I thought all credit cards were evil!
Then, I thought people chasing status were crazy. I’m too tough for premium level service anyway, that’s for sissies. That may have changed too.
Welcome to my dirty secret. I sell gift cards. Lots of them.
I’m not walking up and down the streets “Geeeeet your gift cards here!” But I am turning them and making a profit. When you boil it down, gift card arbitrage (fancy name for reselling them) is commerce at it’s simplest form.
Find something. Add value. Sell for higher value.
Although with gift cards, it’s really more like this: Find a gift card at a great deal. Sell for market price. The marginal profit between your buy rate and your sell rate is yours to keep! I’d be remiss if I didn’t mention the ability to earn credit card points/miles on the purchases, as well as the occasional shopping portal pay out!
I know you’re sick of RadPad, but this one is just a quick public service announcement in case you haven’t heard yet. Although I’m sure you have heard,it wouldn’t feel right not to cover this. I figure if I’m toting RadPad so often this year, I need to make sure the 0.000003% of humans that actually take my advice get the latest updates.
I just got an email from RadPad: my rent is going to be charged to my Barclaycard Arrival+. Unfortunately, this is the last time I’ll be hearing from them for a while, as I’ll be cancelling my rent through RadPad shortly.
Citi and American Airlines seem to get along very well. There’s a selection of Citi/AAdvantage co-branded cards, and Citi often offers miles for new bank accounts. I got lucky with two special AAdvantage bonuses this past Fall. I decided to take full advantage of both of them.
This post has been updated with new information. Please read this, and then check out the new post here.
RadPad essentially offers to pay your rent using a card. Debit or credit, and they process the payment and then mail the check for you. It is easy to use, but not a good idea for everyone. They charge a 3% fee on credit card transactions, which makes it hard to justify for normal spending. Think about it, do you want to spend an extra $3 for every $100 worth of rent? Bills are tough enough as is! However, in a few circumstances, RadPad can be a great tool to earn special card perks, or to meet a tough minimum spend on a new card.
We spent Columbus Day weekend this year on a roadtrip to Washington DC. This is the second time we’ve done a family roadtrip to visit some close friends in the city. Driving from the Boston area, it’s about an 8 hour drive.