Yes! I have done this many times recently. And, if you ever get those 5% off shopping spree cards from pharmacy rewards, you can combine both discounts and get 10% off of your gift card purchases for one day.
This is how I pay for my vacations every year! I buy most of the gift cards when I have the additional 5% card from my pharmacy rewards. It usually saves us $200+. The only drawback is that my Target only sells $25 & $50 gift cards so I have to add them one at a time to my balance or call Disney to add them. As a Disney travel agent, I recommend this savings tip to all of my clients!
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