Tue 22 Jul 2008
Extracting Cash from Credit Card Rewards
Posted by BJ Sintay under General Words
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Some credit card rewards programs are lame. Lame, lame, lame. I found out that my business credit card (which sees a lot of use in monthly server and IT personnel expenses) is no different. I spent a lot of time trying to figure out how to get a rebate or a “nice gift” from the massive amount of points I had built up at 1 point per dollar. The most direct cash I could obtain was about $64 per 10,000 points in the form of a check or debit card. This is pretty frustrating because high-dollar gifts such as a set of Bose speakers translate to around $100 per 10,000 points. But cash, no.
So I dug around a little bit until I discovered a little hidden feature that allows one to convert the points into gift cards at the same exchange rate as the gifts. So I cashed out a crapload of points on a fist full of $50 Williams-Sonoma cards (I figured anything higher would be hard to sell), and I’ve been selling them like hot cakes on eBay. I chose that particular card because you can use it at Pottery Barn, among many other stores. After selling/payment fees and profit “loss” on the card, I’m making about $90 per 10,000 points in cash.
Take that credit card companies.
I listen to a ton of music, so when hot young groups (especially) put out second albums I take note. The sophomore release is bound to either make or break a band. Two recent selections (among many!) are the popular Augustana and Death Cab for Cutie releases which I purchased from Amazon.com’s MP3 store.
when compared to the first major label release “Plans”. This album definitely has some high moments such as the remarkable song “I Will Possess Your Heart”, a song that easily sticks. That is the kind of stuff that made “Plans” so good. Unfortunately, most of the soul stops there.
Do you have a pet that you love so much that the thought of parting from them one day is unbearable? 


