First off, thank you to everyone who voted in my poll yesterday: What would you like to learn from an Ebay Master? It is not a surprise to see “how to get 8% cash back on every Ebay item you buy” win. I knew that would be interesting to most people. I will release 1-2 days posts each day covering these topics, starting with the most popular choices.
So without further ado, here is how you get 8% cash back on every Ebay item you buy.
Part 1: Earn 2% cash back on every Ebay item you buy
Ebay has a program called Ebay Bucks which gives buyers 2% cash back (in the form of Ebay Bucks) on all* purchases.
However, there are some restrictions to what earns Ebay Bucks:
- All categories in eBay Motors (but Parts & Accessories purchases DO qualify)
- Real Estate
- Gift Cards & coupons, but only for eBay Gift Cards within that category
- Coins & Paper Money, but only for Bullion within that category
- Business & Industrial
To simplify, as long as you do not buy vehicles in Ebay Motors, real estate property, Ebay gift cards, bullion coins/metal, and items in the business & industrial category, you will earn your 2% cash back. If you are unsure if you will earn Ebay Bucks, look for this logo on the listing.
Joining the Ebay Bucks program is free to anyone with an Ebay account. To join, you need to be registered with a US mailing address. You can join here.
In March, Ebay discontinued their Ebay Bucks program for Canadian residents (statement).
Here is a screenshot of my current Ebay Bucks balance (as of 7/26/2013). I earned 2% cash back on everything I bought except 2 things this month. The first was an item listed in the Business & Industrial category and the second item was a refunded order.
As you can see, I earned $6.43 buying a Starbucks gift card for $321.25, which is 2%. As long as you don’t buy Ebay gift cards, every other gift card purchase will count.
This is my Ebay Bucks Certificate for all my purchases made from April 1 through June 30. I only earned $7.28, which means I spent $364 during those 3 months. Ebay sends you an email with a gift card code equivalent to the amount of Ebay Bucks you earned.
UPDATE 12/28/13 – new Ebay Bucks program rules:
Part 2: Earn 6% cash back on every Ebay item you buy
Hopefully by now, you have already read $435+ Cash Back from Supermarkets. If not, here is how it works. Get the American Express Blue Cash Preferred Credit Card which gets you 6% cash back from supermarkets and grocery stores.
Go to the grocery store and buy Ebay gift cards. You will earn 6% cash back.
Part 3: Earn 8% cash back on every Ebay item you buy
After winning an Ebay auction or going through a Buy It Now listing, enter your Ebay gift card codes in the box at the checkout page.
You can enter as much as $500 in Ebay gift cards on 1 order. I had 2 small gift card codes available so I used them both on this transaction.
Sign into your Paypal account.
If you are using Ebay gift cards to pay for the entire order, the payment method will say “Gift Certificates, Gift Cards, Coupons, or Rewards cover your entire purchase.”
Congratulations, you have just paid your first Ebay item with Ebay gift cards! You will get 2% cash back in Ebay Bucks and 6% cash back on your American Express Blue Cash Preferred Credit Card.
If you have any questions, please leave a comment below.
P.S. You can also buy Amazon gift cards at grocery stores and earn 6% cash back. Some office supply stores sell Amazon and Ebay gift cards, which you can buy with your Chase Ink Bold/Plus Business Credit Card and earn 5x Chase Ultimate Reward Points.