Okay, thanks, wendow, for responding! I'll have to go look and try to unlink it. Don't remember linking it, but it must have been before I ever started churning, as I've had the account awhile.
Well, they really won't rack up that greatly if you don't wait for the 4x/5x ebay bucks promo offers, you'll just be eating into your $5000, and not getting max return you can get in a quarter of $500 in ebay bucks. That's when you'll see best returns. You also need a larger amount to churn if you are really trying to max out for some really good savings.
This would be a great idea, to have more to churn, which will help get a bigger return if you hold off for when you start getting the good promo offers. It's best to buy the biggest possible target gc's at ebay, so increments of the $150 would be best. If you could add another $50, you could do five cards at $150, which would actually be $750(5x deal $75, 4x deal $56). Shipping of first card at $2.99, then 4 cards at $.99, so $6.95 shipping.
And, I would start my first round at Ebay right now to get in on the end of this quarter. You wouldn't need a promo offer this round to get started. You could order $750 in Target cards, 5 cards at $150 each. You could get an 8 - 10% Discount on cards to start, using a credit card to pay, not gc's. That would be a better alternative than going thru Raise to get started, and would not eat into the $5000 paypal limit,(which only counts paying with giftcards against the $5000). And, hopefully, you'd get in on the end of the quarter if you wait to hopefully get a 5x or 4x deal before the end of March. I'd wait till I got a good deal and not churn anything until then. Then the next quarter would start in April and you could start the churning and paying with gc's that next round. Although, looking back at your post, you could really only do this with the $500 since you already spent the $200 on the ebay cards. But, still would be the way I'd get the rest of my cards in to Target cards(the $500).
Btw, Lain made lots of great points! I just added my two cents in, as well, lol.