Does anyone purchase discount gift cards?

[Livin Large]

I was searching swagbucks website the other day and ran across a discount gift card website. Has anyone ever used these before? If you have please let me know as I'm very interested in trying it after I did a little math and stacked up the savings and earnings......

For example my DH only wears Levi jeans and the website had gift cards for JC Penny's that were 15.6% off - $106.94 gift card for $90.30 plus earning 2SB/$1 spent on the gift card and putting it on my cc for 1% cash bask. Then turn around and use the gift card on JC Penny.com, going through swagbucks website, to get an additional 5 points/$1 spent.

So...pay $90.30 for a gift card and get the following:
$106.94 gc buying power
180 SB - $1.80 for buying the gc
$0.90 cash back on the cc
415 SB - $4.51 for the actual purchase at JC Penny with the gc
Total - $114.15

Is this wrong thinking? Are there better websites than Raise.com (the one I found on swagbucks)
with better discounts?

Any ideas, information, experiences, other websites would be greatly appreciated!!!

[NikoSan999]

I haven't bought any from anywhere but I ran across a site last week and I want to say it was also Swagbucks. I believe the name was Giftcards dot com. I know it's been around a long time and the one you mentioned I've never heard of. Not to say it's not reputable just that I hadn't heard of it.
Giftcards dot com might be wrong. Whatever it was does the same as the one you mentioned. Look around on Swagbucks a little more.

[Bernice]

I've heard good things about Gift card Granny