We just saw a new targeted Amex Offer rolled out for a popular retailer, which I think is worth highlighting.
3,000 Bonus Points Or $30 Back With Best Buy
With this new, targeted Amex Offer, you can earn 3,000 bonus Membership Rewards points or save $30 after spending $300+ with Best Buy in the US by December 31, 2019.
While this offer is targeted, it seems to be pretty widely targeted, as I see it on several cards.
If you do see both versions, I’d highly recommend going with the version for 3,000 bonus points rather than $30 back. That’s because I value Membership Rewards points at 1.7 cents each, so to me that’s the equivalent of a return of ~$51 on $300 of spending.
You can reach that spending over one or more eligible transactions, and transactions either in store or online qualify. The terms state that the purchase of e-gift cards, as well as the purchase of corporate gift cards, don’t qualify.
Use This Promo To Buy Gift Cards
One easy way to maximize this offer would be to register for the 3,000 point offer and then buy $300 worth of gift cards in store. For example, you could buy Amazon gift cards, and earn the equivalent of 10x Membership Rewards points on Amazon purchases. The terms suggest you wouldn’t qualify for this if you buy gift cards online, though.
Use This Promo For Holiday Shopping
Since the cost of many electronics is fixed across retailers, one alternative is to use this to buy something you’re wanting to buy anyway. Best of all, if you buy online you could stack this with another promotion.
At the moment several airline shopping portals are offering bonus miles for purchases. You could potentially stack the two for purchases online.
Does anyone plan on taking advantage of this Best Buy Amex Offer?