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eBay announced a new Bucks promotion today.
The promotion pays 5% “cash-back” on eligible purchase instead of the base 1% on eligible purchase.
This offer is targeted to eBay users who have opted-in.
If you didn’t receive the invite, people have reported success in being added to these promotions by contacting eBay’s Customer Support.
You can earn eBay Bucks on qualified purchases. This includes most things on eBay except for items listed in the Bullion categories, gift cards and a few other exclusions.
Some dealers list bullion items in alternate categories. Many vintage gold bullion coins are listed as collectibles and are eligible to earn eBay Bucks.
You can later leverage the Bucks Rewards to buy or offset the cost silver, gold or other bullion items.
If you have not yet signed up for eBay Bucks yet you can find out more information on signing up at eBay’s website.
If you are already signed up for eBay Bucks you can check to see if the promotion is available to you by visiting the offer page on eBay’s website and clicking the “Activate Offer“.
Even with the recent market volatility and high premiums there are still at least 3 deals that net out to below spot price when you apply what you earn through eBay Bucks. You can find these offer and more in the eBay Bucks Eligible Bullion section of the website.
Using a credit card that offers cash-back rewards can also help to lower the overall dollar-cost average of your purchases.
There are currently several offers from credit card companies that provide additional cash-back reward bonuses for online purchases or combined with PayPal.
Bank of America currently has a promotion offering 3% cash back reward for online purchases. When combined with the eBay Bucks 5% bonus, this provides up to a combined 8% cash back on eligible purchases.
Discover Card has partnered with PayPal to offer a 5% cash back bonus on purchases made with PayPal through September 30, 2020. If you have a Discover Card, combining these offers can give you up to a combined 10% cash back reward on bullion purchases.
With a combined 8% to 10% cash back bonus available sweetens this deal. This level of cash back rewards leads to a net price on many bullion items on eBay below spot price.