Best Buy Gift Cards No Longer Work on Other Gift Cards
We received 2 separate reports from our Facebook Reselling group that Best Buy gift cards no longer work towards the purchase of other 3rd party gift cards or other Best Buy gift cards.
This reduces the value of Best Buy gift cards and the Best Buy gift card sales I love so much :(.
Yesterday it was reported by one of our members that a Best Buy employee informed him the system would be updated today and that they would be hard coded against cycling gift cards. I was hopeful that it was a misinformed employee or maybe only one location.
Today we received another confirmation that the registers were hard coded today.
Why this Matters
For most people this won’t matter. But, for those of us who used discounted Best Buy gift cards to purchase 3rd party gift cards for resale or sourcing, or Visa gift cards to liquidate, we are taking a hit.
It also means those limited time use gift codes that are sent out with gift card sales must be used on merchandise. They can no longer be used on a new Best Buy gift card to extend the life of the expiring certs either.
Lastly, this probably means that you can no longer cash out Best Buy rewards certificates towards gift cards either. You will need to spend them on merchandise.
This is a negative change for anyone who uses Best Buy as an avenue to rack up credit card points for free or at a profit. This isn’t all that shocking since more and more retailers have gone this route but it is sad none the less.
How does this change your buying habits at Best Buy, if at all?