Here is a quick overview of the deal:
You can purchase the Samsung Galaxy S 10.5 tablet (regularly $499) and earn $220 in ShopYourWay reward points towards future purchases at Sears/KMart.
Before you go to Sears to purchase the tablet(s), you can go through your favorite shopping portal (I used the Ultimate Rewards portal for 5x points, but Discover card holders could also use ShopDiscover for 10% cashback) and buy Sears gift cards first. Once the electronic gift cards arrive (you may need to call their fraud prevention department), you use them to go through the portal again (another 5x points) and now purchase the tablet.
Total cost today (not counting tax) – $499. Total point haul – $220 in SYW points (just like cash for future purchases) and 5,000 Ultimate Reward points (worth at least $75). Total effective cost of the tablet after deducting the point value – $204. Now, you can keep it or flip it and make more money!
Making the Deal
Sign-up Shop Your Way Rewards
Sign-up an account for the Shop Your Way rewards network so that you are ready to go with your account. Here is the link. Some people may qualify for special coupons and surprise points as well – so, you could save even more!
The Shopping Portal
First, choose your shopping portal to earn points. If you do not want to wait or call to make sure you get the e-gift card quickly, you can always just go through the portal directly to Sears to buy the tablet. Doing so will not earn you an additional 2,500 points, but it may be more worthwhile to you to get the tablet in case it sells out first. If you have a Discover card, ShopDiscover will get you 10% cashback from Sears!
Shop at Sears
Now that you are at Sears, search for the “Samsung Galaxy S 10.5.” The brown one is out of stock, so choose the white one.
Once you make your selection, you will see on the side that it says you will earn 120,000 points ($120). That is fine – once you get to the checkout page, the payment summary on the right will give you an option to have $50 off the purchase today or $100 in points for a future purchase. Select the $100 in points to get the total of $220 in future points.
That is it! Now, you can keep the tablet or flip it for a nice profit. The profit would not be off of what you paid today but what your savings are after you get the SYW points for the next purchase. With your next purchase, you can use the $220 to buy something else to sell or something that you need for yourself. Either way, you are earning a lot of points and the portal points as well!
Now, just don’t flood the market before I can off load mine! 🙂