Jun 29th, 2008
(Not So) Stupid Money Tricks: Credit Cards at a Convenience Store
Are 7-11s named that because you spend 7 to 11 percent more there for stuff than anyone ought to? Perhaps, but there might be a time when you can use convenience stores like 7-11s to your financial advantage.
I recently discovered that in addition to the convenience stores associated with gas stations here, 7-11s are also considered gas stations to the credit card companies. This means that anything purchased there with one of my 5% reward for gasoline purchases gets the 5% reward. Yes, I know that items purchased at such stores tend to be pretty expensive, but there is at least one exception: gift cards.
So, if I want a gift card for, say, Toys ‘R Us, and it’s available at my local 76 station’s convenience store, I can get a 5% cash rebate by charging it on my Pentagon Federal Credit Union Visa. While it’s not necessarily the cheapest way to get gift cards (you may want to try eBay or the many different gift card swap and sale sites on the World Wide Web), it’s certainly an option and pretty convenient (given these are supposed to be convenience stores)!
[...] Suenaga presents (Not So) Stupid Money Tricks: Credit Cards at a Convenience Store posted at Uncommon Cents. This is a tip on how to get 5% back on gift card purchases through credit [...]
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