Author Topic: How would you spend a $1,000 BestBuy gift card??  (Read 1073 times)

MrGville

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How would you spend a $1,000 BestBuy gift card??
« on: December 04, 2018, 12:21:39 PM »
The company my wife works for is giving each employee a $1,000 gift card to BestBuy.  What would you buy?  We don't really need anything (new TV, appliances, etc.), so I am curious to hear your opinions on what you would do.  And when I say gift card, what I really mean is the whole company goes to BestBuy after hours and everyone gets to choose what they would like.  Its not a gift card to use at your convenience. 

YttriumNitrate

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Re: How would you spend a $1,000 BestBuy gift card??
« Reply #1 on: December 04, 2018, 12:38:15 PM »
Something easily returnable for cash?

EDIT: Never mind...it looks like Best Buy would just give you another gift card.
https://www.bestbuy.com/site/help-topics/return-exchange-policy/pcmcat260800050014.c?id=pcmcat260800050014

My camera is about a decade old now, so I'd probably get a new one:
https://www.bestbuy.com/site/canon-eos-rebel-t7i-dslr-camera-with-18-135mm-is-stm-lens-black/5774293.p?skuId=5774293
« Last Edit: December 04, 2018, 12:42:50 PM by YttriumNitrate »

RWD

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Re: How would you spend a $1,000 BestBuy gift card??
« Reply #2 on: December 04, 2018, 12:40:31 PM »
iPad Pro (12.9 inch model) is $999. Should be easy to sell on eBay for similar dollar amount if you can't straight up return it.
« Last Edit: December 04, 2018, 12:42:22 PM by RWD »

terran

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Re: How would you spend a $1,000 BestBuy gift card??
« Reply #3 on: December 04, 2018, 12:41:01 PM »
I'd sell it.

Remember that you will likely owe tax on the full value of the gift card.

FIRE@50

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Re: How would you spend a $1,000 BestBuy gift card??
« Reply #4 on: December 04, 2018, 12:44:10 PM »
I could use a new laptop.

Bracken_Joy

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Re: How would you spend a $1,000 BestBuy gift card??
« Reply #5 on: December 04, 2018, 12:45:15 PM »
If I didn't need something fairly essential- laptop, vacuum, appliances- then I'd likely sell it through Cardpool or similar for cash. FB also has various B/S/T gift card groups, although I haven't personally used them.

thingamabobs

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Re: How would you spend a $1,000 BestBuy gift card??
« Reply #6 on: December 04, 2018, 12:50:30 PM »
Buy something with high resale value like an iPad.

MrGville

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Re: How would you spend a $1,000 BestBuy gift card??
« Reply #7 on: December 04, 2018, 01:09:14 PM »
Thanks for the replies.  Yes, buying something with good resale value is a nice idea.  I assume we could get at least 90% value for a brand new, never opened IPad. 

terran

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Re: How would you spend a $1,000 BestBuy gift card??
« Reply #8 on: December 04, 2018, 01:26:13 PM »
I was curious, so I just looked at https://www.cardpool.com/sell-best-buy-gift-cards -- looks like a $1000 Best Buy gift card can be sold directly too them (so you don't have to sell it on their marketplace) for $885. If you take it as an amazon gift card (only if that would result in being more usable for things you would normally purchase of course) they'll give you $938.10.

Car Jack

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Re: How would you spend a $1,000 BestBuy gift card??
« Reply #9 on: December 04, 2018, 01:57:41 PM »
I haven't manufacture spend'd at Best Buy for a while.  A couple years ago, I'd look over the 3rd party gift card rack and use up Best Buy cards for those cards.  Shell gas was my favorite but they carried a number of restaurants I went to.  It's certainly worth a try.  I'd much rather have a gaggle of various other cards I'd use for normal buying than for anything Best Buy sells.

JAYSLOL

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Re: How would you spend a $1,000 BestBuy gift card??
« Reply #10 on: December 04, 2018, 05:27:51 PM »
Whatever you decide on, wait for Boxing Day to make th purchase, maybe you can even get something or a bunch of one item at a big discount to re-sell at a profit shortly after

SnackDog

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I'm a red panda

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Re: How would you spend a $1,000 BestBuy gift card??
« Reply #12 on: December 04, 2018, 06:42:02 PM »
I was curious, so I just looked at https://www.cardpool.com/sell-best-buy-gift-cards -- looks like a $1000 Best Buy gift card can be sold directly too them (so you don't have to sell it on their marketplace) for $885. If you take it as an amazon gift card (only if that would result in being more usable for things you would normally purchase of course) they'll give you $938.10.

I wonder if you can claim it as a loss on your taxes, since you will be taxed on the GC.

MaybeBabyMustache

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Re: How would you spend a $1,000 BestBuy gift card??
« Reply #13 on: December 04, 2018, 07:01:03 PM »
I'd sell it. I prefer raise.com

Villanelle

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Re: How would you spend a $1,000 BestBuy gift card??
« Reply #14 on: December 06, 2018, 04:45:49 AM »
I'd either buy any random thing and return for a gift card, or buy gift cards.  The decision would be based on what I could sell for the highest resale on the various GC resellers.  A few minutes of research--see what cards Best Buy sells and then checking the rate offered by resellers.

chemistk

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Re: How would you spend a $1,000 BestBuy gift card??
« Reply #15 on: December 06, 2018, 05:53:35 AM »
I think there are a number of options. These are what come to my mind:

1) Sell it for cash on a GC resale site.
2) Look around the site/store (if it's not out of your way) for deeply discounted items that you could re-sell for >$1k.
3) Save it until you need something. They don't expire.

Or a combination of the options. I need a new computer, so I'd pick a refurb/open box one up and sell the rest of the GC. You could also keep it around until you need a new phone, their online marketplace has some good options occasionally.