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American Express Giftcards Discounts, Deals and Coupon Codes

Amex save 20% on points until 12/31/2015. YMMV

tekrazn 502 53 December 15, 2015 at 05:02 PM in Finance (3) More American Express Giftcards Deals
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Just got an email from American Express with the below offer. Check your email. I login to Amex Blue account and verify I can get $25.00 gift card for 4,000 points instead of the normal 5,000 points.

https://www01.extra.americanexpre...y2015.aspx

Save 20% on points until 12/31/2015 when you redeem for merchandise or select gift cards from popular brands. Term apply.*
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30 Comments

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Joined Feb 2007
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#2
It is still a bad deal.
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Joined Apr 2006
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#3
thanks OP

Quote from m124 View Post :
It is still a bad deal.
care to explain?
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Last edited by SDRebel December 15, 2015 at 05:07 PM
Joined Feb 2007
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#4
Quote from SDRebel View Post :
thanks OP


care to explain?
$25 gift card should cost 2,500 points, that would be a fair price.
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#5
Quote from m124 View Post :
It is still a bad deal.
agreed. You can get. 1.2- 1.3 cpp into your paypal from brokers.. i.e. 4K pts maybe $50 or so
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#6
Quote from MrHalliday View Post :
agreed. You can get. 1.2- 1.3 cpp into your paypal from brokers.. i.e. 4K pts maybe $50 or so
can you advise of any broker who will buy 50k lately? i have had the hardest time unloading them.
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Joined Jun 2009
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#7
I must have been living under a rock. What is this brokers business to unload Amex points? I have never seen 2,500 points for $25 for Amex gift card either. Can you all educate me to maximize my Blue card?
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#8
Quote from Switching2Geico View Post :
can you advise of any broker who will buy 50k lately? i have had the hardest time unloading them.
me too. i have hundred of thousands of amex points but their conversion rate is horrible.
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#9
never mind...
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Last edited by MrHalliday December 15, 2015 at 05:38 PM
#10
Quote from MrHalliday View Post :
rewards2cash is offering 1.25 at the moment.
they suck. not just their rate. but they never respond to me. and they want some instant messaging service and are only available at weird hours.
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#11
Quote from Switching2Geico View Post :
they suck. not just their rate. but they never respond to me. and they want some instant messaging service and are only available at weird hours.
must be some money laundry outsiders.
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Joined Sep 2009
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#12
The best use of points (most value) is transferring to airline partner (especially to fly Bus class)

As an example we took a trip a few months ago for 118k miles total plus $250 in taxes for 2 business class roundtrip tickets- if we were paying cash that would'be been $5000 in airfare... giving a value of well over 4 cents per point

The deal in the OP is barely over half a cent per point.


The reason a broker is happy to pay 1.2-1.3 cents a point is they can use them to book airfare with a return of 3-4 cents a point, then charge someone wanting a "discounted ticket" for that ticket they're buying around 2.5 cents a point... meaning they double their money while still providing a "cheaper" ticket to the guy who has no points at all.
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#13
its never worth redeeming for GC, only miles or hotels buddy
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#14
Quote from m124 View Post :
$25 gift card should cost 2,500 points, that would be a fair price.
my bad, i totally misread. I was thinking $50 GC for $40 worth of points Stick Out Tongue
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#15
Quote from tegeek6 View Post :
its never worth redeeming for GC, only miles or hotels buddy
Booking hotels through Amex travel isn't a good ratio either since they use a 3rd party (used to be Orbitz). Flights or transferring points to their limited partners is about all that is left.
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