Buying gift cards with cash back/rewards CCs

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kdm31091
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Re: Buying gift cards with cash back/rewards CCs

Postby kdm31091 » Sat Jan 30, 2016 8:18 am

Our privacy being invaded isn't limited to level 3 reporting on cards. Loyalty programs basically exist to invade your privacy and target things to you based on your shopping habits at a store. By signing up, you basically give them permission to track you via the loyalty card.

On one hand, it pisses me off, but on the other hand, it's the way of the world, so not much can be done. A few chains have gotten away from loyalty cards, such as Acme Markets, which is nice, but I don't expect others to follow suit. Too much valuable data (to them) can be gleaned through tracking people. So unless people start really complaining, I don't think it's going anywhere.


yfan
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Re: Buying gift cards with cash back/rewards CCs

Postby yfan » Mon Feb 01, 2016 12:11 pm

Well, applying for a bunch of credit cards and giving banks all our info - names, addresses, social security numbers and the lot - is sure a funny way of expressing concern over our privacy. :rolleyes:

I get the privacy worries, but seriously, I think we often overdo this. Microtargeting aided by big data is currency right now, and its existence is one reason we as consumers enjoy a lot of things at a low or no cost. Why are so many communication, direction, cloud services and other services from companies like Google and Microsoft essentially free to consumers? The availability of data and microtargeting. The same goes for the credit card industry. Big rewards and low to no AFs are partly funded by interest charges and swipe fees, but as competition in that market heats up because of us consumers demanding more for less, they too are going to look to microtargeting for additional revenue.

And I am not entirely heartbroken about that. Each one of us has to determine what is super important to us when it comes to confidentiality, but the fact of the matter is that data on "our" transactions don't belong to us - not exclusively anyway. It belongs also at least in part to the merchant - they obviously know what they are selling us. And because the data doesn't belong exclusively to us and we willingly allow access for a third party (the merchant) to have access to that data, they have the right to share that.

The same right belongs to us, by the way. There are shopping discount apps that allow consumers to get additional cashback on certain items by scanning our grocery receipts and sending it to them. Are we in those cases invading the privacy of the merchants, since the receipt bears the merchants' name, address, and even a barcode? Are we invading a merchant's privacy when we file a price protection claim because of a lower advertised price, and without asking for consent, submit our receipt to a credit card company? I doubt many of us look at it that way when we're the ones benefiting from it.

rockyrock
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Re: Buying gift cards with cash back/rewards CCs

Postby rockyrock » Fri Feb 05, 2016 8:33 am

Wow, this thread really took turn.

I was able to purchase Amazon GCs with my BCP at Albertsons with no issue.

Shopping at Raise was pretty easy and in many cases offered deeper discounts than the 6% my BCP offers.
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kdm31091
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Re: Buying gift cards with cash back/rewards CCs

Postby kdm31091 » Fri Feb 05, 2016 8:53 am

rockyrock wrote:Wow, this thread really took turn.

I was able to purchase Amazon GCs with my BCP at Albertsons with no issue.

Shopping at Raise was pretty easy and in many cases offered deeper discounts than the 6% my BCP offers.


And I think that's an important consideration, too. You are smart enough that you look into alternatives to save more money, not just endless buying of 6% off gift cards.

While people love Amazon and it's convenient, I'd hesitate to say it's cheap. You can get good deals, but it's by no means the cheapest option every time. So even at a 6% discount, it pays to shop around before hassling with the GC thing.

With regard to the gift card, I think retailers frown more on Visa/MC/Amex GC purchases with a CC vs store specific ones. Unless the volume is large, store specific GCs are less likely to be an issue. Visa/MC/Amex GCs are another matter.

rockyrock
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Re: Buying gift cards with cash back/rewards CCs

Postby rockyrock » Mon Feb 08, 2016 8:42 am

kdm31091 wrote:
And I think that's an important consideration, too. You are smart enough that you look into alternatives to save more money, not just endless buying of 6% off gift cards.

While people love Amazon and it's convenient, I'd hesitate to say it's cheap. You can get good deals, but it's by no means the cheapest option every time. So even at a 6% discount, it pays to shop around before hassling with the GC thing.

With regard to the gift card, I think retailers frown more on Visa/MC/Amex GC purchases with a CC vs store specific ones. Unless the volume is large, store specific GCs are less likely to be an issue. Visa/MC/Amex GCs are another matter.


Amazon has always been my go-to for just about everything. I always knew it wasn't the cheapest on everything but I figured saving the time from shopping around made it worth it. I've noticed I burned myself a few times lately by just blindly purchasing things at Amazon. Now, I put items on a list at Amazon and make a point to check a few places like Kohl's, Target, BB&B, Best Buy, etc. before I buy.
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kdm31091
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Re: Buying gift cards with cash back/rewards CCs

Postby kdm31091 » Mon Feb 08, 2016 8:58 am

rockyrock wrote:
kdm31091 wrote:
And I think that's an important consideration, too. You are smart enough that you look into alternatives to save more money, not just endless buying of 6% off gift cards.

While people love Amazon and it's convenient, I'd hesitate to say it's cheap. You can get good deals, but it's by no means the cheapest option every time. So even at a 6% discount, it pays to shop around before hassling with the GC thing.

With regard to the gift card, I think retailers frown more on Visa/MC/Amex GC purchases with a CC vs store specific ones. Unless the volume is large, store specific GCs are less likely to be an issue. Visa/MC/Amex GCs are another matter.


Amazon has always been my go-to for just about everything. I always knew it wasn't the cheapest on everything but I figured saving the time from shopping around made it worth it. I've noticed I burned myself a few times lately by just blindly purchasing things at Amazon. Now, I put items on a list at Amazon and make a point to check a few places like Kohl's, Target, BB&B, Best Buy, etc. before I buy.


I think it's important to compare prices; I've certainly paid more than I should have before by not shopping around. Like I said, I like amazon and it's convenient enough but it's not always the best deal. Of course, like you said, there is the time and convenience factor to weigh, and to some, maybe it's worth paying a little more.

It reminds me of how some people get very excited that their gas CC counts for 3 or 5% off of snacks they buy inside the little store. Ok, yes, you can get 3-5% off, but you'd save far more by purchasing the snacks elsewhere...

Kevin86475391
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Re: Buying gift cards with cash back/rewards CCs

Postby Kevin86475391 » Tue Feb 09, 2016 7:18 pm

kdm31091 wrote:I think it's important to compare prices; I've certainly paid more than I should have before by not shopping around. Like I said, I like amazon and it's convenient enough but it's not always the best deal. Of course, like you said, there is the time and convenience factor to weigh, and to some, maybe it's worth paying a little more.


It certainly is to me. Quite often I'd rather just buy something on Amazon, wait a couple days, and have it delivered to my door than physically leave the house and drive somewhere to get it, even if I am spending a little more and waiting a bit longer for the item. I just want it to come to me instead vice versa.

Same thing with restaurants. I occasionally use a third-party delivery service even though there are extra fees because I just don't want to be bothered with going out myself.



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