I am very encouraged with my recent success selling an iPad on Amazon so when I saw another sale at Best Buy I decided to try again. Here are the details.
- iPad Air 2 128GB
- MSRP: $699
- Purchase Price: $534.99
- Amazon List Price: $645.59
- Expected Amazon Fees: $38.38
- Anticipated Profit: $71.82
- Points Earned: 534 Southwest points and 534 Best Buy reward points
I am currently trying to meet the minimum spending on my wife’s Southwest card so the purchase was made with that. After meeting the minimum spend on the Southwest card that will trigger a bonus of 50,000 points. The minimum spend is $3,000. The profit from the resale will also offset the cost of the annual fee, $99, which was not waived.
As for the deal itself, how did I get a $699 iPad for $534.99? It was a combination of taking advantage of a sale, using a 10% off coupon, and redeeming a best buy rewards gift certificate. You can get Best Buy 10% off coupons at the post office in their change of address packet.
I could have made this deal stronger in a couple of ways. First, I didn’t use a portal like I did in my last deal. I totally brain farted that. In looking back at the portals the deals were not that strong so I didn’t miss out on much. I would have been kicking myself more if there was a 5% cash back offer.
Second, I could have bought Best Buy gift cards at at discount from Cardpool.com. The current discount is 6%. That would have brought my cost down by another $32. I did contemplate doing that but it would have required me to buy $535 worth of gift cards spread across 8 gift cards. I have not done that before so was not comfortable with going all in like that. I think next time I will test it out by buying a couple and seeing how it works.
Fingers crossed this attempt works out as well as the last one.by