Biffalo Buff wrote:You can get some decent points and cash back by buying tickets at Shoppers Drug Mart.
There is a fairly new credit card, PC Financial World Elite, which gives 3% cash back at Shoppers Drug Mart. In addition to this, if you buy gift cards first and use the gift cards to pay for the proline tickets then you also get Optimum Points, which can be redeemed for merchandise, but not gift cards or proline tickets, at SDM. You get no Optimum points if you pay for the proline tickets directly, hence the reason for the gift cards.
Each $100 SDM gift card you buy will get 1000 Optimum points. The value of these points depends on how many you redeem at once. They are worth $1.78 if you save up 90 000 of them, and a little over $2 if you also wait for a bonus redemption day. If you have the above credit card, combined with the points this is about 5% back. So this can turn a 10% edge into a 15.8% edge if you don't mind shopping at SDM.
Also, for the next 2 days SDM has a promotion on where if you buy $175 worth of gift cards (has to be 2 or more gift cards) you get 8000 bonus Optimum points. This can be done up to three times in three separate transactions. If you were to buy $200 worth of SDM gift cards you would get 8000 bonus points plus the 2000 points you would normally get for a total of 10 000 points. Repeat this 3 times for a total of 30 000 points worth about $60, plus whatever cash back your credit card offers.
Biff do you actually do this? I recently used a gift card at shoppers drug mart to buy lotto and it worked(altho they needed to call manager) I assume you are getting your points for purchases of gift cards. The reason I ask is rbc just came out with visa optimum card here are the details.
Earn 15 Points† for every $1 in eligible in-store purchases made at Shoppers Drug Mart
using your RBC Shoppers Optimum MasterCard. Plus, since you earn 10 Points for every $1 in purchases just by presenting your Shoppers Optimum Card (loyalty card)**, you’ll actually earn 25 Points for every $1 in purchases.
So I did the math, If this actually works every 3800$ spent would return 200$ with a return rate of 5.3% on redemption days. On non redemption's days for every 3800$ spent would return 170$ with a return rate of 4.5%. Also buy signing up you can earn up to 70000 bonus points which is worth about 150$ depending if you redeem during redemption days or not.
Sounds pretty good and another tool for obtaining high reward return on my plays. Good option for me as rbc with approve me when others may or may not.
So is going well with your current set up at sdm?
Buy your calculation's on optimum points that would be about 5% return on redemption days. Also when you sign up you can get up to 70000 points free.