Earning miles for free with eBay!
One of the questions that we are constantly asked is “How in the world do you travel so much? Doesn’t it cost you a fortune?” Surprisingly the answer is “It doesn’t have to, no…” which usually leads to a much deeper conversation on generating points and miles for free, etc, which in turn gets the glazed over look on people’s eyes and zoned out stares. We know, we’re used to this, but for those of us in the miles and points world it’s an all too common occurrence.
I wanted to take a moment to share with you one of the ways that yesterday we were able to earn 1,200 miles for less than zero, for actually a profit of $8.45. While $8.45 is nothing sexy or exciting to write home about, deals like these happen all the time, and if you’re on the look out for them, it’s an amazing way to earn miles and points for free, if you’re willing to do just a little bit of leg work!
One of the easiest ways to earn cash from your online purchases is via a website called TopCashBack. If you’re new to the concept of online portals, allow me to explain how they work. If you want to buy something on eBay for example, you could open a browser, type in eBay and go to their website. OR… you could go to TopCashBack, find eBay, click through their link, and then that will take you to eBay. Congrats, you just used a “portal.” eBay offers a slight kickback to TopCashBack for directing you through their site, and that kickback is returned to you in the form of a cash back payment, in this case for eBay it’s currently at 1.1%. I’ve seen websites routinely offer upwards of 10-15% for purchases that you make through their website, all for doing the shopping that you were going to do in the first place!
If you’re new to TopCashBack and haven’t signed up, here’s my referral link. We’ll each earn $10 when you sign up, so thank you in advance!
eBay has their own rewards program which returns usually a 2% rebate on your purchases through eBay. They often run a 3-4x promotion, which means you could earn 8% back on your purchases!
Reselling Gift Cards
There are many websites out there that will take your unwanted gift cards (from places like Red Robin, Banana Republic, and Shell Gas Station, etc) and give you cash! Just simply sign up, fill out the form, and send in your gift cards. You’ll get either a PayPal reimbursement or a check in the mail, and you’re done! One of the best sites to find out who is offering what is www.GiftCardGranny.com. There you can see all the sites and who will pay you what for each gift card. For this example I’ll be using ABC Gift Cards, one of my favorite because of their ease of use.
Here’s the dirty part, the math. Lets get right to it.
76 Gas Cards. 12 @ $100 each = $1,200 (paid with credit card to earn points)
8% rebate from eBay = $96.00
Final Cost = $1,200 paid now ($96 later) = $1,104.
ABC Gift Cards Resale = 92% retail value ($1,104)
TopCashBack rebate (1.2% of $1,200) = $14.40
Therefore, we paid $1,200 now, we’re getting back $1,104 from ABC Gift Cards. The $96 “loss” is made up by the eBay bucks. We’re making $14.40 from the TopCashBack eBay portal.
So, you ask, how do I come up with $8.45? It costs $5.95 for me to go to the post office and ship ABC Gift Cards the package priority mail with tracking, so total profit is $8.45
And there you have it! It really is that simple to earn miles for free. It’s the old adage of Buy Low Sell High, but sometimes finding those opportunities is easier said than done. Usually, we’ll find one of these deals a week and are able to take advantage of them. If you found a deal like this every week, you could earn in a year 62,400 miles, for free, and in this situation, a profit of $439.40. That’s enough miles for a coach ticket to Europe or Asia on most carriers, or a couple of domestic round trip flights for free as well! Not too bad at all!
Please hit us up in the comments section with questions that you may have and stay tuned for more updates on how to earn miles for FREE!