Friday, June 13, 2008

Cash Back Program: Extrabux


Along with the Upromise program I look at several other sites when shopping online to make sure that I am getting the maximum amount of cash back when I shop online. Another site that I use is Extrabux.

Extrabux is a nice program that has many of the same shops as other Cash Back Programs, but also includes many smaller sites that are not included in the other sites. For the most part, though, I use Extrabux for shopping on Ebay. Unlike other Cash Back Programs that give you a percentage of your purchase (usually 1%) on Ebay, Extrabux gives you 45% of the profit that Ebay makes from the sale. Thus, just as Ebay's profit is larger on smaller ticket items, so will your profit be.

For example, I often purchase CVS gift cards on Ebay using Extrabux as my shopping portal. Since I usually purchase them in $25 increments, the profit percentage for Ebay is higher than if I purchased the gift cards in $100 increments. So, I purchase a $25 CVS gift card on Ebay for $22 (a 12% savings), going through Extrabux (usually around 4% or 5%) and pay with my credit card through Paypal (around 1% or 2%). After all is said and done, I have purchased a CVS gift card at a 17% to 19% discount.

Even better, right now Ebay is giving you 3% back on purchases through August 14, 2008. That would make the above scenario 20% to 22%.
For larger purchases the cash back earned through Extrabux is 2%.

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