Discount Gift Cards

theshed

I have had a couple of bargains in the past by using Money I have banked in a Cashback site to buy discounted Gift Cards. Then it was Zeek.
Are there any similar sites around ?
You can still buy the Gift Cards with Cashback but they are just Face value. 

MSE_Oliver

Here is a transcript of the video above:

Yeah, so for anyone who doesn't know, Zeek was an online marketplace where people could sell unwanted gift cards at a discount. So if you received a gift card that you didn't want, you weren't going to use it, then you can still get some money for it. And if you are buying a gift card, there was actually a really clever way to get money off at a retailer or a restaurant, for example, that you were going to use anyway.

Now unfortunately, Zeek shut down a few years ago, but there is a site that does a very similar thing called Cardyard. I looked at it earlier and it had an H&M, Matalan, Nike gift card for 10% off face value. Other retailers were less some were more, but it tended to be between 5% and 15% off the face value of the gift card. Cardyard does have some mixed reviews. So I would say if you are thinking of using it do have a look at reviews on Trustpilot and other sites first.

Have a look at supermarkets too because they sometimes do discounted gift cards around 20%. It’s usually on quite specific gift cards, though, so might not be the one that you're looking for. And a really important thing to say about gift cards is, well firstly, they're a really terrible gift, because people forget about them, they lose them, they expire, or what can happen if a company goes bust that you've got that gift card for then most of the time the gift card becomes worthless.

Now what can be quite good is - and what I think our forumite is doing - is buying discounted gift cards from themselves to then use and get money off somewhere that they were going to spend money at any way. And because gift cards weren't like cash, it also means that you can actually use them on top of other discounts as well. But again, I'd say the important thing is to use your gift card as soon as possible. Because if something goes wrong with the company, then most of the time the gift card isn't protected.

theshed

It is a shame Zeek ceased trading, one explanation may be from a card I bought from them a couple of years back.
The face value according to Zeek was £50, with a sale price of £42, using £20 from a cashback site it offered a further discount making the purchase price £35.
When presented in store there was £100 on it !
Thank you Zeek but that happened a regularly I can see why they went under.