Save $250 at Sam’s Club with Amex Offers! Plus, Buy Other Merchant Gift Cards Cheap!

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A new Amex Offers just came out where you can receive a statement credit for up to $250 at Sam’s Club. Unfortunately though, this is a targeted offer and out of all of mine and my husbands American Express cards, we only received this offer on one card. If you have this offer on multiple cards, make sure to read this post first and use the multiple browser trickWith this offer, you’ll receive a 20% statement credit on your purchase up to $250. This is on a single transaction in-store where you must purchase at least $100 or more. To fully maximize this offer, you’ll want to make a $1,250 purchase during one swipe of your registered card.

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Over the course of the day, I did a bunch of digging, and found a bunch of ways to fully maximize on the deal. Here is what I found:

  • Purchase another merchants Gift Card at a discount: Sam’s Club (similar to Costco and BJ’s) sells gift cards to many other merchants at a discount. For example, Disney, Southwest Airlines, restaurant gift cads, etc.
    • Disney: Sam’s Club sells $500 Disney gift cards for $474.98 and $150 Disney gift cards for $142.98. Purchase two $500 gift cards and two $150 gift cards and that will cost you $1,235.92. Using your registered American Express gift card will give you a 20% statement credit of $247.18. This ultimately means you are purchasing $1,300 worth of Disney gift cards for $988.73! These Disney gift cards can be used on Disney tickets, Disney cruises, and anything else at a Disney park!
    • Southwest Airlines: Sam’s Club sells $150 Southwest gift cards for $142.98. Purchase 8 of these for $1,143.84. Using your registered American Express gift card will give you a 20% statement credit of $228.76. This ultimately means you are purchasing $1,200 worth of Southwest gift cards for $915.07!
    • Many other gift cards! There are a slew of gift cards, such as California Pizza Kitchen, Coldstone Creamery, Regal Cinemas, etc. that are always 20% off. So a $50 gift card costs $39.98. Purchase 31 of these gift cards for a total of $1,239.38. Using your registered American Express gift card will give you a 20% statement credit of $247.87. This means you are purchasing $1,550 of the desired gift card for only $991.51. This is by far the best deal IF there are gift cards that you’d typically use anyways!
  • Purchase a MasterCard Gift Card: Some stores even sell MasterCard gift cards. While they do not sell at a discount off the normal price, you can still get the 20% statement credit. Remember though, purchasing these gift cards do carry a small fee. You’ll want to purchase the variable ones that you can select a denomination between $20-$500 that comes with a $4.94 fee. To fully maximize, purchase two $500 gift cards and one $235 gift card. After the 20% statement credit, you’ll ultimately be paying $999.85 for $1,235 worth of gift cards. You can then use the gift card as cash at any merchant that accepts Mastercards.
  • Purchase Sam’s Club gift cards. Purchase $1,250 worth of Sam’s Club gift cards for $1,000. You can then use a Sam’s Club gift card at Walmart if you prefer.

While the already discounted gift card options have the highest percentage off after all is said and done, if you’d prefer a more flexible option, go with the MasterCard gift card option.

For those of you who have this offer multiple times, I am very jealous and highly suggest taking advantage! This is a great way to save a ton of money! To learn more about these American Express offers, read this Amex Offers series:

Make sure to check out all of the current Amex Offers available on this permanent page on the blog.

Comments

  1. The MasterCard gift cards can only be rung up one at a time. Their system wouldn’t allow multiple MasterCard GiftCards in one transaction. So you can’t maximize it but can net a decent $95 without the hassle of trying to sell merchant gift cards.

  2. The MasterCard gift cards can only be rung up one at a time. Their system wouldn’t allow multiple MasterCard GiftCards in one transaction. So you can’t maximize it but can net a decent $95 without the hassle of trying to sell merchant gift cards.

  3. Unfortunately, my Sam’s club only lets you purchase one Mastercard gift card for $500 in a single transaction, so this option is not scaleable to me.

    • @mommafrica – did you already add them to your account? another reader told me that they met enrollment pretty quickly.

  4. Both my wife and I have the offer on our SPG accounts. I want to take advantage of the Southwest gift cards as you suggest but wanted to confirm a couple of things since I do not see comments on the matter.
    1) Only In-Store is valid?
    2) Noted in the comments the MasterCard is limited. Have you or anyone had success doing the 8 Southwest cards as 1 transaction?

    Thanks,
    Rick

      • On Saturday I purchased 9 $150 SW gift card packs. Today on Tuesday I saw the $250 credit on my wife’s account. We also purchased almost $400 in other purchases but I put them on another card because I wanted to be sure there was no issue.

        I have the same offer on my Starwood card so will be making another trip to Sam’s.

  5. Note for next time this type of fantastic promo returns.
    As i understand it from other blog sites, whilst one can only purchase a single $500 mcgc per transaction at sc, if one purchases 2×500 plus 1×$250 on the same day, then you could receive the full $250 statemnt credit of this promo.
    I, like most Im sure, was too hasty and bought just 1×$500 mcgc/ cc for a single $100 statement credit for each cc, but ill be much more careful next time!
    For those who still havent used the promo….you lucky folks!

    Comments

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