Selling Phillips 66 Gift Cards
A couple of weeks ago SVM Gift Cards on eBay came out with an interesting gift card deal. The deal is actually still available if you want it. Anyway, you can purchase up to 3 $100 Phillips 66 gift cards for $90. eBay Bucks and portal cashback also applies, so this is a decent deal overall.
After purchasing, the question becomes what to do with these cards. For me, the answer is simple. There are no stations in my geographical area that accept them, so they need to be sold. I paid $90 for each card, but earned 1% through a portal and another 8% since I bought during a 4X eBay Bucks promotion. My cost per card is thus around $82.
Before I go any further, these cards are interesting in another way. While the front of the card is branded to Phillips 66, these cards are also good at 76 and Conoco stations. In fact, all three logos are on the back of the cards. So the question then becomes how to sell them.
According to Gift Card Granny these are the rates I can sell a Phillips 66 card for:
But what if I could somehow sell these as a 76 or Conoco card? After all they will work at those stations. Well here is Conoco:
That is worse, so it doesn’t matter. It gets quite interesting though when we look at 76 rates:
Wow! 76 cards can be sold for 92% to Cardpool, ABC Gift Cards and Gift Card Rescue. Wait, Gift Card Rescue?!? I haven’t really heard of them before. We’ll get into that later, but lets look at selling this as a 76 card.
Selling as 76
I have reached out to Cardpool to see if they will buy the Phillips 66 card as a 76 card, however I doubt they will and I haven’t yet heard back. Both Cardpool and ABC Gift Cards have a separate rate for Phillips 66 vs. 76, so it doesn’t make sense for them to buy a Phillips 66 card at a 76 rate. My guess is the difference in rate has everything to do with the branding.
Then there is Gift Card Rescue. When you search their site, they have a listing for Phillips 66 alone. For that they pay 87%. But they also have another listing for Phillips 66/Conoco/76 Gas that pays 92%. This card has all of those logos, so there is no reason it shouldn’t qualify.
So here is the difference on their site:
Based on this, I would confidently sell my cards to Gift Card Rescue at the $92 rate. The 92% SKU has the Phillips name and my card has all three logos on it. Win. Right?
Who Is Gift Card Rescue?
Well I don’t just blindly send in hundreds of dollars of cards to a company, so I decided to research Gift Card Rescue. What I found was a little troubling. On Reseller Ratings they have a .03/10 (yes .03) with 44 reviews. The BBB gives them an A-, but they have 83 complaints in the last 12 months. While I can’t really find any reviews that say they rip people off, there are a lot of reports of payments taking forever and other issues.
To be fair, I do a lot of business with Cardpool and SaveYa. Cardpool has a 1.96/10 on Reseller Ratings and GiftCards.com who owns SaveYa has a 1.51/10. Gift Card Zen actually does a little better with a 3.89/10. The only two resellers I could find with decent ratings are Raise with a 7.04/10 and CardCash/ABC Gift Cards with a staggering 8/10!
The Purpose of this Post
Ok this post sort of devolved into a Reseller Ratings comparison, but there is a point. First, I want you to know that you may be able to sell these cards for 92%. Secondly, I want to crowd source this a bit to see if anyone has had experience with Gift Card Rescue.
The gift card business is tough and based on the information I uncovered, most companies have a poor reputation. I have done dozens of transactions with Cardpool and SaveYa and have had nothing but great experiences, but their Reseller Rating would indicate that they are terrible companies. I don’t want to write off Gift Card Rescue based on these reviews, however a .03/10 is incredibly low. That is why I am turning to you.
I know a lot of you have these cards and are trying to figure out what to do with them. This is just a reminder that safety should always come into play when making a financial transaction. Always do your research when selling gift cards, because the best rate may or may not be the way to go. In this case, the jury remains out. Hopefully some of you can share your Gift Card Rescue experiences in the comments!