New Airfare Amex Offer Is a Moneymaker
This morning I awoke to a deal alert from Slickdeals about a new targeted Amex Offer. As has been the case with a lot of these targeted offers lately I didn’t get any love, but I thought I would share the offer and break down a little of how it can be maximized.
Get a one-time $75 statement credit by using your enrolled Card to spend a total of $300 or more on purchases made directly with any airline by 9/15/15. (There is also a version of this offer giving a $50 statement credit on $300 in spend.)
This offer is only available on the Amex website in the “Offers for You” tab and cannot be loaded via social media or other channels.
- Offer valid only to eligible US Card Members for purchases made directly with passenger airlines.
- The following do not count as qualifying purchases and are excluded from the offer: (i) Charter flights and private jet flights; (ii) any flight purchased as part of a vacation package or through a third party (including agents for travel suppliers); (iii) Sky Mall purchases and (iv) Boingo wireless internet purchases.
- When you make a qualifying purchase in a foreign currency, the applicable statement credit will be credited in your local currency using the exchange rate at the date the statement credit is applied.
How to Maximize
If you don’t have any upcoming flights, there is always the possibility of booking ahead. Do you have any flights that need to be paid for within the next year? I know most of you try to pay for flights with miles so lets look at option “B”.
Before we go to option “B”, there is something I know you will ask about. There may be a possibility of booking a refundable ticket and then cancelling it after receiving the credit. I personally wouldn’t do this and if you do, be fully prepared for Amex to take back the credit.
So lets say you don’t have any immediate plans to travel, but want the credit. Then how about purchasing some gift cards? Sure you can use those gift cards yourself at a later date, or you can possibly sell them for some sort of a profit. The first thing to do is make sure gift cards are sold directly by the airlines.
- American Airlines Gift Cards
- Southwest Airlines Gift Cards
- United Airlines Gift Cards
- Delta Airlines Gift Cards
I didn’t go through all of the airlines, by I can confirm that American Airlines, Delta, United & Southwest all sell gift cards directly through their websites and thus should qualify based on the terms. The offer only states that a purchase needs to be made with the airline and gift cards are not excluded. (With that said, it is probably a good idea to test this before making multiple purchases.)
Selling Gift Cards
If you decide not to use the gift cards for future flights, you could sell them to a reseller. Several companies will pay 81% for American Airlines cards, while Southwest cards go for about 82% and Delta cards hover around 80%. I found Gift Card Granny had a more consistent list of airline card rates than GiftCardWiki. (GCW didn’t have United, Delta or SW listed.)
Another good option is United Airlines at 79%. That is less than the others, but there is one important thing to consider. SaveYa will purchase these cards digitally at that rate, meaning you could make an easy $12 without needing to mail anything. I know for some this will be the most attractive option.
If you received this offer then you are definitely a winner. Whether you use it to save 25% on your airfare or just to make a few bucks on airline gift cards, you should come out ahead either way. Did you receive it on one or more cards? Let us know in the comments!