If you own an American Express Credit Card, you can get $5 off the purchase of a $100 American Express Gift Card. This offer expires on July 31st, 2016. Keep in mind that there will be a small fee when you purchase the card, but we can find a way to mitigate this cost.
What’s The Deal?
American Express Credit Card holders have access to Amex Offers & Benefits. These are special deals unique only to Amex cards. Some of the deals include getting a certain amount of cash back or getting a discount at a certain retailer. You can find these deals when you log-in and scroll down.
Right now there’s a deal that gives you $5 back when you make the purchase of $100 or more on an Amex gift card. Log-in and click the “Add to Card” button where the deal is located.
When you make this purchase with your card, you’ll automatically get $5 back on your card within 30 days.
How To Avoid Fees
Purchasing an Amex Gift Card usually comes with fees at around $5 for activating the card. We can lower these fees by using a cash back portal. The portal that gives us the highest amount of cash back for this purchase is BeFrugal.
Log-in and search for “American Express” in the search bar and you should notice that all cards you purchase will get you 1.5% back in cash back. Any cash back that you get from using your credit card will also stack with it. You need a minimum of $25 in your account before you can cash out to PayPal or have a check sent to you.
Gift cards that can be used to make purchases anywhere are excellent gifts. If you know of any way to avoid the Amex activation fee, we’d love to hear about it. Let us know in the comments below. Thanks for reading and happy frugaling!