Gift Certificate as Investment?

jsy_2

I came across this interesting gift certificate deal while shopping for art posters. At this website called EdgarEmdenGallery.com, one month after you make a purchase, they email you a 10% reward certificate. If it happens to be a gift certificate, and you don’t use it for 90 days, it is automatically canceled and your money is refunded in full. Here’s the funny part. One additional month later, they also refund you for the 10% reward certificate! Now, it all depends on how you see it, of course, but you end up getting 10% on your money in 4 months. Assuming you repeat this three times, that’s 30% annual rate! (Not bad). I don't think they realized this yet, because it is still up on their website.

Ian_W

You mean the Edgar Emden Gallery at:

P.O. Box 14906
Irvine, CA, 92623-4906

Makes it a bit difficult and expensive to collect if they don't return the money +10% don't you think, this being a UK based website?

Or is this SPAM?

dunstonh

Ian, you are so cynical. How could you think such a thing.....

sons_2

Ian_W wrote: »

You mean the Edgar Emden Gallery at:

P.O. Box 14906
Irvine, CA, 92623-4906

Makes it a bit difficult and expensive to collect if they don't return the money +10% don't you think, this being a UK based website?

Or is this SPAM?

Think this thread proves how these scamers get away with it. Also love the fact it is Canada, home of so many scams these days.

jamesd

Ian_W wrote: »

Irvine, CA, 92623-4906

sons wrote: »

Also love the fact it is Canada, home of so many scams these days.

Irvine is a city between San Diego and Los Angeles, in the state of CAlifornia.

sons_2

jamesd wrote: »

Irvine is a city between San Diego and Los Angeles, in the state of CAlifornia.

Sorry, realised after I had done it but thought I had got away with it.