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Hmm... terms say up to 12 purchasesMaximum $200 per purchase, Max 6 ebay auctions.
Sign up on live.com for cashback (The blue menu bar)
Use live.com to search for something basic... like a wii or PS3
Click the first link under the searchbar, should say something about "You could earn 30% cashback" with a little logo
Now type whatever product you want into your search bar on Ebay... find a buy-it-now auction for a decent price.
When you're going through the checkout process, make sure the cashback info is popping up. It will tell you if you're eligible or not, and then right before you confirm purchase or make a final payment it will tell you the amount of cashback.
Maximum $200 per purchase, Max 6 ebay auctions.
I'm getting $170 back on a 4870x2 which brought it down to $390