RetailMeNot is a shopping portal that sometimes offers very generous cashback rates. In addition to their website, they have an app which recently added a new feature – the ability to buy gift cards in the app and earn cashback on the purchase.
At the moment the selection of brands is fairly limited. There are 75 gift card brands you can buy, but they’re all dining and food delivery brands. They’re offering a flat 5% cashback across all of them which isn’t very competitive seeing as pretty much every single brand can be bought at a much better discount either from wholesale clubs or resale sites like Raise and CardCash, not to mention Fluz having better options in some cases.
Having said that, having more opportunities to earn cashback when buying gift cards is always welcome. Hopefully they add more brands as time goes on and improve the current 5% cashback rate.
There is something important to note if buying gift cards in the RetailMeNot app though. On the FAQs page for their gift card feature it says the following:
Is there a limit of how many Online Cash Back Offers I can use or an individual reward maximum?
RetailMeNot customers can qualify for up to 7 Online Cash Back Offers per retailer within a calendar month. This will count toward your online Cash Back maximum monthly total of 20. Offers also carry a maximum Cash Back Reward amount. You can verify the amount in the Offer Details section of each offer. Please review the following article for more details regarding any limits.
If you use RetailMeNot frequently, I’d be wary of buying gift cards from them as it looks like doing so could potentially prevent you from earning cashback on other transactions if you exceed those limits.
h/t Matt