Now there's an auction website where everyone wins. provides an incentive to people who want to get major discounts at some of their favorite retailers without fearing losing something in the process.

Here's how it works:

1. Purchase rewards points in $25 dollar increments. Each dollar = one point.

2. Choose from a list of gift cards and use your rewards points as bids.

3. If you win, you can score a $25 card for a super low price (in P. Mungi's case below: $1.77).

4. But if you lose, you can redeem the $25 you spent on bids for a gift card to any retailer of your choice.

As of today, here's what's on offer:

Though gift cards may not be the hottest item on the market right now, popular participating retailers like Amazon, Mastercard and ExxonMobil (think of the money you could save on gas!) make the process more appealing.

Still not a fan of gift cards? As we've reported, sites like CouponSherpa can help you redeem the ones you have lying around for cash.

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