It may involve a little extra time and effort, but there are several compelling reasons to purchase gift cards to redeem at certain retailers.
Avid frequent flyer point collectors can in many cases earn bonus points, by buying gift vouchers from specific retailers. Some credit cards award bonus points for spending at major supermarkets. Take Bunnings Warehouse for example. Money spent on a credit card directly with Bunnings may earn just one point per $1. By comparison, three points per $1 might be earned by buying a Bunnings gift voucher from Woolworths.
Another method of earning bonus points on shopping – especially online shopping – is by purchasing from the Qantas or Velocity online shopping portals. Partner stores include David Jones, eBay, Apple and iTunes. Even outside of special promotions, there are up to 5 points per $1 spent on offer! This is in addition to any points earned through credit card spend.
There are also some potentially significant savings to be had by purchasing gift cards. For example, WISH cards (for use at stores like Woolworths and Big W) can be purchased at a 5% discount using Entertainment Book vouchers. This effectively represents a 5% discount on groceries from Woolworths.
If you buy WISH e-gift cards at Ent Book you get the 5% discount and the triple points as the Ent Book redirects to the Woolworths portal.
You do need to pay for an Entertainment Book subscription but it should be pretty easy to recoup the cost.
But the potential value doesn’t end there! An advanced strategy for avid point hunters is to “double dip”, or combine deals. As an example of a double dip, one member suggests buying David Jones gift cards (earning points for the initial transaction), then redeeming the vouchers through the Qantas online mall where an additional 5 points per dollar are earned.
Buy gift card online thru Qantas Mall – 2 pts per dollar, pay with AMEX, min 1 point per dollar, then access DJs thru Qantas Mall to purchase goods, 5 points per dollar. Min 8 pts per dollar.
Not to be outdone, another member has found an even better strategy for obtaining David Jones gift cards!
I think I can better that, DJ’s cards currently 10% off at Entertainment Book!
Qantas sells gift vouchers too. These vouchers can be put towards payment for any Qantas flight. The airline regularly offers up to 10 bonus points per dollar spent on vouchers in the lead-up to Christmas. But even outside of special promotions, there is a very good reason to use Qantas vouchers: They don’t attract any credit card fees. By putting a gift voucher towards the payment of any Qantas flight, the credit card fee (which can be up to $30 per person) is waived.
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