https://www.reddit.com/r/CreditCards/comments/1hb6rnj/rumors...
I was looking forward to getting $160 gift card for my old iPhone 11 but after reading all this I think I’ll just leave it in a drawer.
I do this all the time and I've done it for years.
I once bought thousands of dollars of Apple gift cards, $500 at a time, by redeeming credit card reward points that could be spent like cash at a couple of select retail stores for 2X their points value.
It's a common practice. The edge cases are scary when you see them reported on Reddit, but they really are rare and generally get resolved after follow up (however inconvenient).
Some people go to extremes to do things like buy Apple gift cards at stores that give them a small discount on gas purchases or something. I'm not nearly extreme enough to do that entire process, though. Having the money loaded on to a Gift Card is inherently risky and I need some significant upside before I'll do it.
This could include a "real" cash discount of ~8-10% (eg, buy a $100 card for $92), or loyalty points.
Our supermarkets often have a "20x" bonus points promotion, which is effectively 10% off a future shop - eg, buy a $100 Apple gift card, get $10 off a future shop in loyalty points. Buy $1000, get $100 off, etc.
Or, if you're a frequent flyer, earn Qantas points - buy a $2000 gift card, get 20,000 in QFF points - that on its own is some one way/return domestic flights, or halfway to Honolulu (one way), if you were going to spend $2000 on a new iPhone, Mac, iCloud etc anyway.
https://gcdb.com.au/gc/apple/ has been documenting all the recent offers for Australia.
I just pay Apple with my credit card when I want to buy something. Is this some kind of weird credit card rewards churning thing? Are you unbanked? I don’t understand why you’d voluntarily add unnecessary extra steps.
A credit card offers far more protections to consumers than a gift card.
Given the amount of false positives, Apple should have an appeal process for innocent users to regain access to their accounts. It would be nice if this applied to all big tech companies, losing an email address can make other accounts difficult or impossible to access.