Last year AMEX had several statement credit offers for various restaurant chains that could be combined with the annual "bonus card" offers from those restaurant for purchases of their gift cards to save even more on them. (Only when purchased in-store, not online.)
This year, the only AMEX offers I'm seeing are $5 off $20 at Five Guys (but they don't offer any bonus card incentive on their gift cards) and Outback Steakhouse.
If you purchase a $50 Outback gift card (which can be used at any Brinker chain, like Carrabba's, Bonefish Grill and Flemings as well), you get a $10 bonus card (that is good only from January 1 - February 11, 2018) from them and another 1,000 Member Points From AMEX (worth about $10) for an effective cost of $30 for the $50 gift card.
https://global.americanexpress.co...=%2Foffers
DETAILS
Get 1,000 additional Membership Rewards points one-time by using your enrolled Card to make a single purchase of $50+ in-restaurant at Outback Steakhouse by 12/31/2017. See terms for exclusions.
OFFER TERMS
ENROLLMENT/ELIGIBLE CARDS: Enrollment limited. Must add offer to Card and use same Card to redeem. Only U.S.-issued American Express® Cards that are enrolled in the Membership Rewards® program at the time of purchase are eligible. Your enrollment of an eligible American Express Card for this offer extends only to that Card. Your enrollment does not extend to any other Cards that may be linked to the same Membership Rewards program account (such as Additional Cards). Offer is non-transferable. ELIGIBLE PURCHASES: Offer valid in-restaurant. Not valid for gift cards purchased online. Not valid at airport locations. Valid at any participating location in the US. Locations in Puerto Rico, US Virgin Islands and other US territories excluded. Purchases may fall outside of the offer period in some cases due to a delay in merchants submitting transactions to us or if the purchase date differs from the date you made the transaction (for example, the purchase date for online orders may be the shipping date). If American Express does not receive information that identifies your transaction as qualifying for the offer, you will not receive the additional points. For example, your transaction will not qualify if it is not made directly with the merchant. In addition, in most cases, you may not receive the additional Membership Rewards points if your transaction is made with an electronic wallet or through a third party. EARNING POINTS: Limit 1 enrolled Card per American Express Card online account and limit of 1,000 additional Membership Rewards points per Card. These additional points are in addition to any points you would normally receive for purchases on your Card under the terms of your Card Member Agreement and the Membership Rewards program. When we calculate the additional points benefit for Amex EveryDay® Card products, points awarded under this offer will not be included. Additional points will be credited to your Program account within 90 days after 12/31/2017, provided that American Express receives information from the merchant about your qualifying purchase. Terms and conditions for the Membership Rewards program apply. Visit membershiprewards.com/terms for more information. Participating partners and available rewards are subject to change without notice. The value of Membership Rewards points varies according to how you choose to use them. To learn more, go to
www.membershiprewards.com/pointsinfo. By adding an offer to a Card, you agree that American Express may send you communications about the offer. Bonus ID: B3TL POID: G9XX:0001
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I did this a TON last year. Not many decent AmEx offers this holiday season for me so far.