Update 2: This deal is now dead. The gift card is back to the $100 price point, though the $5 off $50 promotion appears to still be running.
Update: Per reader J.J.’s comment, it looks like you can buy multiple cards at the $87 level! Just place a separate order for each.
Hurry! An amazing offer by PayPal Digital Gifts on eBay currently has $100 American Airlines gift cards for sale at $92. This sale is stackable with a promotion that takes $5 off purchases over $50 from PayPal Digital Gifts.
When you first add it to the cart, it will show a price of $92. But if you haven’t taken advantage of the $5 off offer yet, once you get to the cart, it will show a final price of $87. You will even earn $1.74 in eBay bucks, to be used on a future eBay purchase.
Once purchased, a voucher code will be e-mailed to your registered e-mail address within 24 hours.
Sure, with some credit cards you can get bonus points by purchasing directly with airlines. There is an opportunity cost with paying with gift cards. However, a 8%- 13% discount on flights is still really hard to beat.
The $5 off $50 code can only be applied once, but you can purchase more gift cards at the $92 rate. There seems to be hard $1000 limit per rolling 30 days on gift cards (paid value, not face value), and supplies are limited. There are also reports that PayPal may place a soft $250 limit per order. This is applied to the paid value ($87 or $92), not the face value ($100) of the card. PayPal Digital Gifts is a reputable seller. They are akin to grocery stores, office supplies store, or drug stores selling gift cards, only online.
It’s also worth noting that when booking with American, you can only use up to 8 gift cards per flight. You cannot use a gift card to pay for taxes or fees as part of an award redemption. American Airlines gift cards do not expire.
Update: I received my gift card just 15 minutes after purchasing. Your mileage may vary though.