Ok, so I finally got around to taking another crack at reselling. Hopefully this works out better than my first attempt. I’m feeling pretty confident in this one. Here is the deal breakdown.
On Saturday I was kicking myself in the pants for having not caught the Black Friday in July sale that Best Buy had over the weekend. They were selling iPad Air 2s with a $125 discount . When you combine that with an Amex offer of $25 off $250 at best buy it is a winner. Well by time I noticed they were sold out.
Today, when I got an email about a Cyber Monday in July sale, I jumped on it. iPad Air 2s were not on sale but iPad Air’s were. They were $100 off. I was also able to take advantage of the same Amex offer and I had a 10% off coupon. The deal broke down as follows.
- Purchase Price = $244.99
- Best Buy Rewards = 269
- Alaska Air Miles (I used shopping portal) = 538
- Amex “Old” Blue Cash points (.5%) = 134
About the Blue Cash points. This month we got the Amex “Old” Blue Cash card. This card will earn 5% cash back on gas and groceries after spending $6500. Ordinarily I would not have used that card for this purchase. However, this purchase put us over the $6500 mark. So moving forward we will get 5% cash back on all gas and grocery purchases.
How much do I hope to earn in profit? Currently this iPad is selling on Amazon for $365. After Amazon takes their commission I hope to earn $338. That is a profit of $93, plus 538 Alaska miles, $2.69 in Best Buy Rewards, and triggering my 5% cash back bonus on the Blue Cash card. Not too shabby for about 30 minutes work this morning.by