Update, 1/31: Today is the last day to take advantage of this offer. It’s no longer available if you haven’t already saved it to your account.
My local Sam’s Club closed a lane for me and stayed open for an extra hour to complete the spending on all of my additional user cards! All of those cards now have a $250 statement credit.
A few tips:
-Stay organized by keeping every 2 AMEX cards with 5 of the $500 Mastercard gift cards. Each $500 Mastercard gift card requires a separate transaction, so make 2 $500 transactions on your 1st AMEX, split the 3rd transaction with $250 on the first AMEX and the remainder on the 2nd AMEX, and then make 2 $500 transactions on your 2nd AMEX.
-Don’t insert your AMEX until after you click OK to confirm the $500 load amount or else the payment will be cancelled.
-Make sure to check your credit limit. You can request a temporarily higher credit limit by logging onto your AMEX account, locating the available credit on your card, and clicking on “Check spending power.”
Alternatively if you prepay funds from your bank account to a credit card it will be added to your credit limit.
-If a transaction is declined then the $500 Mastercard might no longer be able to be activated. After calling AMEX to clear my account from a fraud alert, the Sam’s Club point of sale system continued to reject the transaction until I told the cashier to try another $500 Mastercard gift card. You may want to bring an extra gift card to the checkout line just in case this happens to you.
Update, 1/19: This offer is now full if you haven’t saved it to your account already.
Update, 1/12: 5 of the $500 Mastercards split among 2 targeted cards for $2,024.70 after $500 off:
Originally posted on 1/10:
AMEX Offers are a great way to save money.
There is currently an offer on primary and secondary AMEX Business cards to get 20% back from Sam’s Club. You can get up to $250 back with this offer per targeted card! The offer runs through 1/31 and is only valid in-club.
Previously many of my cards were not targeted, but yesterday dozens more of my secondary AMEX business cards were targeted for the offer.
To see if you have this offer in your account just login to your AMEX account, click on any of your cards to go the activity page, click on “AMEX Offers For You,” and save the offer to your account.
If you also have multiple cards with the offer don’t rush to save the offer to your account! Open up the Offers page for each card in a separate tab in the same browser. Then go between the tabs to save the offer to each of your targeted cards. Otherwise once you save the offer to one card it disappears from your other cards.
Always check all primary and secondary card offers, as secondary cards will often have offers that the primary card does not. You can add secondary cards in your own name to your primary login or you can create a new login for other secondary cards.
Note that you only have to worry about an offer disappearing from other cards when they are registered to the same account. Saving an offer won’t affect cards that have their own login.
If you mess up and don’t save the offer to a card you can always remove a card from one login and make a dedicated login for it to register it. Alternatively you can remove the card that has an offer saved to it and the offer will reappear for the rest of the cards registered to that account. Once you properly save the offer to all cards on that account you can re-register the deleted card back to the same account.
There are many ways to maximize this offer:
Officially the 20% back offer is only valid for one transaction per card, but many DDF users report receiving 20% back on all transactions made on the same day. Of course this is a YMMV (Your mileage may vary) situation and you might only get 20% back on the first transaction made on a targeted card.
-If you shop at WalMart or Sam’s Club you can buy Sam’s Club gift cards that also work at WalMart. $1,250 of gift cards will effectively cost you $1,000. You can also sell the gift cards to sites like CardPool or CardCash.
-You can buy Disney gift cards that can be used for Disney theme park tickets, resorts, water parks, cruises, adventure vacations, hotels, annual passes, merchandise, dining, shows like Cirque du Soleil, activities, and more.. Sam’s Club sells $150 of these gift cards for $143.88. You can buy 9 of these for $1,294.92 less $250. That’s $1,350 of Disney credit for $1,044.92, an effective 22.6% discount.
-You can buy Southwest gift cards. Sam’s Club sells $150 of these gift cards for $142.98. You can buy 9 of these for $1,286.82 less $250. That’s $1,350 of Southwest credit for $1,036.82, an effective 23.2% discount.
-Other discounted gift cards include iTunes, Regal Cinemas, and more.
-A variable load $500 Mastercard costs $504.94 with fees. You can only buy 1 variable card per transaction. If you have 2 targeted cards you purchase 5 Mastercards in 5 transactions. Charge 2 of the Mastercards to each card. On the 5th transaction ask to split the payment between your 2 targeted cards. In total you’ll get $2,500 of Mastercards for $2,524.70 less $500=$2,024.70. Effectively you’re buying $2,500 of gift cards with a 19% discount. You can use the Vanilla branded $500 Mastercard to buy money orders from select post offices and grocery stores, though that is always YMMV. You can use any 4 numbers as the PIN for the card. Or you can always use the card for everyday spending, as a gift, or as a donation with an effective 19% discount. I used this method yesterday and will update the post with the results.
-A fixed $200 Mastercard costs $206.48 with fees. You can buy multiple of these per transaction. If you buy 6 of the $200 cards you’ll pay $1,238.88 for $1,200 of Mastercards and you’ll get 20% back, or $247.78, for a total of $991.10. Effectively you’re buying $1,200 of gift cards with a 17.4% discount. You’ll have some leftover rebate with this method, so you can also purchase a Sams Club/WalMart gift card of $11.12 in the same transaction for $8.90 to finish off the $250 maximum cash back per card.
You can split a transaction with up to 5 targeted AMEX cards, so you can buy more than 6 of the $200 Mastercards at a time if you want.
You can use the Vanilla branded $200 Mastercard to buy money orders from select post offices and grocery stores. You can use any 4 numbers as the PIN for the card. Or you can always use the card for everyday spending, as a gift, or as a donation with an effective 17.4% discount.
-A variable load $500 AMEX costs $504.48 with fees. I haven’t tested these yet, but I’d assume that these are also only 1 card per transaction. If you have 2 targeted cards you purchase 5 AMEX gift cards in 5 transactions. Charge 2 of the AMEX gift cards to each targeted card. On the 5th transaction ask to split the payment between your 2 targeted cards. In total you’ll get $2,500 of AMEX gift cards for $2,522.40 less $500=$2,022.40. Effectively you’re buying $2,500 of gift cards with a 19.1% discount. Note that these cards have no PIN, so your only option with these will be to sell them or use them for everyday spending, as a gift, or as a donation.
Are you targeted for the Sam’s Club offer? Which strategy will you use? Hit the comments!
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