As soon as I got home I came straight to the computer to write about this amazing manufactured spending opportunity that I came across today! I went to my local grocery store this morning after work to do a little bit of manufactured spending. I picked up 8 gift cards, and of course I put the max amount on each card ($500), for a grand total of $4,047.60. Each card comes with a $5.95 activation fee. The receipt machine started printing out coupon after coupon and I thought “dear lord! What is going on here?” Starting today, my local grocery store is giving $10 off for every $100 spent in gift cards!

You would think that buying one $500 gift card I would only get one $10 off coupon. No, that’s not the case. The grocery store is basing it off of dollar amount! For a $500 gift card, that means I’m getting $50 back to spend on groceries. What an amazing deal! I’m still in awe over how much money I just received in free groceries. The best part about this deal is that it’s going on until December 17th. The customer service representative who rung me up said they are monitoring how many coupons are going out and coming back in. If other people in the area catch on to this deal, they may pull the plug early.

Variable Load MasterCard gift cards

I picked up 8 gift cards today for a grand total of $4,000 and received $400 back in FREE groceries!

Crunch the numbers

Right now I’m just manufactured spending on my Citi Hilton Reserve card to earn Diamond status. Probably not the best card to put my spending on, but oh well.

Gift card activation fees $5.95 x 8: $-47.60
12,141 HHonor points earn. If valued at just $0.005, that’s: $+60.71
I received $400 in grocery coupons: $+400
Grand total that I came out ahead: $+413.11

What’s the catch?

The coupons do expire on December 17, 2014. I’m going to go back today and pick up some more gift cards and I’ll just stock up on food I guess. Whatever coupons I don’t use, I’ll give them to my sisters when we get together in a couple of weeks.

Should I pickup more gift cards on a cash back credit card?

I’m debating if I should pick up some gift cards on my Amex Blue Cash Preferred card. I could earn 6% cash back on top of the coupons. I’m not really that big on cash back though. I prefer to earn airline miles or hotel points. What are your thoughts? 


UPDATE: I just got back from the grocery store and I had to split my transactions up every $10 or so (not a big deal) and my grand total was $345. I used 25x $10 coupons ($250) and paid only $95 tonight! What a GREAT savings!

2ND UPDATE: I went back to the store today to buy another $2,500 in gift cards to receive $250 in coupons. I did some more shopping and my grand total was $208. After using the coupons, I only paid $50 of my own money. At this point I’m running out of food items to buy (my freezer only holds so much) so I’ve moved on to household items. I’m picking up Charmin mega packs for only $1.99. Seven Generation laundry detergent, etc. The household items are easier to store and they don’t go bad.