Youneverlose Review/Giveaway! (2/21)

There's a new site in town called YouNeverLose.com and they auction off gift cards to retailers like Amazon, Apple and Wal-Mart at serious discounts - like 90% off retail.

I won a $25 Starbucks Gift Card for $.59 at You Never Lose - Review and Giveaway (ends 2/21)

Seriously, this site is addicting. There I said it, it's a good disclaimer but one that I think some people may need to hear before I get started. If you have a gambling problem this may not be the site for you. For everyone else - check this out!!

The clear benefit of YouNeverLose.com in contrast to other auction sites (like penny auctions and others) is that instead of buying bids, you buy "lower-level" gift cards (they call them Reward Cards) to retailers like Gap, Staples, Payless and more, and for each Reward Card you buy, you get free points to play in the auctions for the "Dream Cards" to Amazon, Wal-Mart and more.

YouNeverLose.com offers frugal shoppers a way to score some serious discounts without the risk of losing, since for each dollar you spend, you get cash back in Reward Cards sent with free shipping.

I know what you're thinking - do people win?

Well, look right here. I won this $25 Starbucks Gift Card for $.59 with 9 bids. The actual bidding seems to take place the last minute of the auction, and whenever someone places a bid it makes the time jump back up to 20 seconds to go. It's good to know this because as much as you want to snipe it from someone -- they will get the chance to do it right back to you.

I've always been skeptical of penny auction sites. I mean, it sounds too good to be true, but if you think about it each bid is for .01, but it also costs $1. Well, most places it does - here it's just a reward point. You already have your money back in the form of the gift card you just bought. So anything you win on the penny auction side is a bonus.

Now if you win a penny auction you will have to pay the agreed to price you won it for and then $5 to ship. The ones you buy shipping is free, but the ones you win you have to pay to ship.

Want to try them out?? Go register here and then you can use the code LAUNCH10 which gives you a 10 point bonus when registering and buying your first gift card. You can pay by paypal or credit card.

Ones you can buy to earn points include $25, $50, or $100 to many of these stores:

Sears, Gap, Brooks Brothers, 1-800 flowers, Banana Republic, Bath & Body Works, Fannie May, Kmart, L.L. Bean, Lands' End, Mrs. Fields, Nike Store, Old Navy, Restaurant.com, AMC Theatres, American Airlines, and Costco.

Want to try the site out for free???

We're giving away a $25 AMC gift card plus the corresponding 25 points to use on the site.

a Rafflecopter giveaway