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That's, uh, taking a cut, albeit a smaller one. You'll lose the cashback or other rewards that you would've gotten for using a credit card. Gift cards can also
by pxx 6y ago
That's, uh, taking a cut, albeit a smaller one. You'll lose the cashback or other rewards that you would've gotten for using a credit card. Gift cards can also commonly be obtained for under face value.
- ljf 6y agoIf you don't have a bank account then it is a good deal to change for free. I doubt those without a bank account have credit cards with good cashback deals.
- bobbean 6y agoWhere does Coinstar's cut come from then? Wouldn't they be giving back the same amount you put in?
- forgotmypw17 6y agoThey probably get a referral fee from Amazon or whoever redeems the gift card.
- umeshunni 6y agoGiftcards are typically sold to retailers at a discount (i.e. Amazon sells $100 gift cards for $95 or something).
- AtomicOrbital 6y agono, the machine takes the cut by giving you back less than you put in
- loco5niner 6y agoBut spending coins doesn't give you cash back rewards either.