For those of you not familiar with Amex Offers, it’s a program available through most Amex cards, where different cards are eligible for different savings and bonus offers. In many cases the offers can be huge, and more than offset the annual fee on a card.
To view Amex Offers, go to the bottom of the account summary page of any American Express card, where you’ll see all the offers you’re eligible for. These offers come in different forms, including discounts and even in some cases bonus points. 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 $30 after spending $300+ with Best Buy in the US by December 31, 2018.
While this offer is targeted, it seems to be pretty widely targeted, because I see it on almost all of my 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 spend.
You can reach that spend 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 earning the equivalent of 10x Membership Rewards points on Amazon purchases is tough to beat. You wouldn’t qualify for this bonus if you buy gift cards online, though.
Use this promotion 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.
Through November 18, 2018, several airline shopping portals are offering bonus miles for purchases. For example, Alaska is offering 750 bonus miles when you spend $300 through their online shopping portal, and that’s in addition to the miles offered for Best Buy purchases directly, as well as the miles you usually earn through credit card spend. When you stack all those opportunities, it’s potentially quite a return.
Does anyone plan on taking advantage of this Best Buy Amex Offer?