MyMoneyBlog shared an interesting loophole with Discover Card. For their Holiday Mall Promotion, they are giving away mall gift cards with your purchases. However, they do not say anything about what happens to those gift cards if you turn around and return the merchandise.
He tried it by making the purchases and getting gift cards and then returning the merchandise. He was able to keep the gift cards. It’s stirring up some debate over there as to how ethical it is to essentially make money from credit card offers.
Go take a look at the article here and come back.
You’re back? Great. Here’s my thoughts and feel free to share yours.
For me, I wouldn’t be comfortable with doing it. While my credit cards have made a lot of money from me over the years, I almost feel like I would be stooping to their level. They get me with the fine print sometimes, and while there is a part of me that would love to “stick it to them” I don’t think I could in this case.
However, they sometimes offer things like credit protector free for 30 days and give you a “gift” for signing up. They explicitly say you get to keep the “gift” even if you cancel before your free trial is up. In those cases, it’s a little different because they give the go-ahead to cancel and keep the free gift. I haven’t tried this yet, but I saw an offer for $100 in gas which I’m looking more into.
What are your thoughts?