Sam’s Club Amex Offer Gift Cards to Purchase
Yesterday I covered in detail a new targeted Sam’s Club Amex Offer found on select business credit and charge cards. You can find the full details in that post, but basically if you have the offer you can get 20% back on up to $1,250 in spend for a maximum of $250 in cash back. I had the offer on several cards, specifically on SPG Business and Business Platinum cards. (Including employee cards.)
Since gift cards are not excluded in the terms, I went to a store to check out what sort of gift cards they had. While I didn’t purchase any third party merchant gift cards on this trip, I did purchase $1,250 in Sam’s Club gift cards which can also be used at Walmart. Following my purchase I immediately received the congratulations email.
I will be waiting to make sure the credit comes through before purchasing any more, but during my visit I made sure to document all of the brands of gift cards on sale. Some of the deals are tremendous when you factor in the 20% off. Let’s take a look!
24% Off Disney Gift Cards
Sam’s Club sells a variety of Disney gift cards at a slightly discounted rate. For example you can purchase a $500 card for $474.98.
If you buy a $500 card for $474.98 (try to spend $1,250 to maximize your purchase) the math works out like this:
- Cost: $474.98
- Minus 20% rebate: – $95
- Final cost: $379.98
- Face value: $500
- Discount $ off face value: $120.02
- Discount % off face value: 24%
I don’t know of anywhere else in the world that you will be able to get 24% off of Disney, especially in such high amounts. If you have this offer on a couple of cards, you could honestly get 24% off of an entire Disney World vacation or even a Disney Cruise considering the dollar amounts. I know this isn’t for everyone, but for those of you looking for Disney discounts, this is the mother lode!
36%+ Off Many Cards
Sam’s Club also has many other brands available at 20% off regularly. By stacking these promotions, you can save 36% off face value on these cards. The following cards are generally found as big cardboard displays. They are mostly national brands, but some local businesses are found as well. Brands will vary from store to store.
Some brands were even discounted by 25%-30% at Sam’s Club. A 30% discount off face value before the Amex Offer brings your total discount off face value to 44% once the offer is factored in. That is outstanding!
Great Discounts on Other Brands
There are a number of other brands that are discounted as well. Restaurant chains such as Darden, Subway and Panda Express join Starbucks, Bass Pro Shops, iTunes, Google Play and even Southwest Airlines. With this deal you are getting 24% off Southwest Airlines if that is your thing!
Mastercard Gift Cards
My store also had Vanilla Mastercard and American Express gift cards. These cards are tough to liquidate so I generally wouldn’t recommend purchasing them. Some stores supposedly do carry Vanilla Visas which are much easier to liquidate, although they don’t work well at Walmart. (Note: Some Vanilla Mastercards have PINs and are as easy to liquidate as the Visas, but others do not have PINs, so YMMV.)
If you decide to purchase a variable load card, the bad news is that you can only buy 1 per transaction (at the customer service desk only) and the card cannot be purchased with other items. That means you will be limiting yourself to a $504.94 purchase and won’t be maximizing the full $1,250. If you buy fixed value cards, then you can go up to $1,250 and can mix with other cards/merchandise.
If you look at the very bottom of the picture above, you can also see $100 Uber cards available for $97.48. After the offer that would be a 22% discount on Uber. Not bad!
Sam’s Club Gift Cards
Finally, you can purchase regular old Sam’s Club gift cards. These can be sold as Walmart cards for about 90% of face value most of the time, although if you want to sell in large quantities make sure to contact a reseller first to ensure they will buy them from you. Selling at 90% of face value nets you an instant $125 profit without much hassle!
The maximum amount that can be loaded to a Sam’s Club gift card is $1,000, although some registers will only go to $500. If you want to do $1,000 you can go to the customer service desk. Additionally, you should be able to split your payment onto multiple Amex cards.
Use Caution & Test the Waters
As I mentioned, I personally purchased $1,250 of Sam’s Club gift cards today and received the email that the offer was triggered. I’ll still make sure to follow up to ensure the credit is issued before buying more. It’s always better to be safe with these things, especially with such large dollar amounts.
We also don’t have solid data points as to whether merchant cards work, although I don’t see any reason they won’t. The offer doesn’t expire until January so we have some time to ensure everything works as it should based on the terms.
As you can see, there is a ton of opportunity at Sam’s Club with this latest Amex Offer. In fact, this offer is so good that it will pay for the annual fee on both mine and my wife’s SPG Business cards many times over. Right now I am still formulating my overall strategy given that I have multiple offers, but I might just buy a little bit of everything!