About 18 months ago, Bitmo launched the Bitmo Perks program which offers Perk Points when buying gift cards in the app. Those points can only be redeemed for gift cards in the app rather than cashed out via ACH or PayPal, so the best redemption options for gift card resellers have historically been brands like Home Depot and Target.
Well, there’s a new option that may or may not be useful depending on the resale rates available to you. Reader EW reached out to give the heads up that Best Buy is now a redemption option. It’s always good to have more options, so I’m glad to see Bitmo adding brands like this.
Something to note is that Bitmo isn’t currently selling Best Buy gift cards in the app; it’s only available as a redemption option for Perks Points that you’ve already earned.