If you've been following this blog for a while, you'll know that I'm all about stacking multiple avenues of savings together to make travel as inexpensive as possible. Today, we'll take a look at how to do the same with other expenses, all in accord with the site motto: "do more and love every minute."
AMEX Offers - $25 statement credit after $100 spent at Staples
If you have an American Express credit or charge card, you have access to "AMEX Offers." Once you click on these offers (to add them to your credit card), they give you the opportunity to earn a statement credit after completing a transaction with AMEX-affiliated vendors. Today, an offer for Staples popped up:
My wife and I have several AMEX accounts between us, so I quickly added this offer to every account it popped up on (3 of our 4 AMEX accounts had the offer available). Once added, the stacking fun began in earnest.
Using discounted gift cards to buy discounted merchandise + topcashback.com rebate
First, I used the topcashback.com portal to access the Staples website, earning a 3% rebate on anything I spent there for the next seven days (more info on topcashback.com and other portal sites is available in my miles and points e-guide). Savings: $3
Once on the Staples website, I looked to see what gift card options were available to me and discovered that Banana Republic's gift cards were 20% off. I found the most perfect-fitting shirt there recently and have been wanting to buy a few more in different colors, so this was a perfect opportunity for me! I quickly snapped up $125-worth of BR gift cards for $100. Savings: $25
Immediately after my gift card purchase, I received an email from AMEX showing that the terms of my offer had been fulfilled, earning me a $25 statement credit on my next credit card bill. Savings: $25
Finally, I headed over to Banana Republic, where I noticed several of the shirt I wanted on sale for 40% off ($30 instead of the usual $50). After tax, that put four shirts at almost exactly the $125 in gift cards I had purchased. Savings: $80
The Bottom Line: Huge Savings Through Stacking
Let's walk it all back in reverse. The shirts were originally 4x$50+tax for about $215 total. I purchased the Banana Republic gift cards for $100. After subtracting the $25 statement credit and the $3 topcashback.com rebate I'll be receiving, I spent $72. By quadruple-stacking my discounts, statement credits, and rebates, I ended up saving 66% off retail for shirts that I'm really excited to have.
This was a particularly good stacking opportunity, but these types of opportunities are out there all the time. I still have two more accounts to use this AMEX Offer on, so I will end up saving even more. Staples sells Whole Foods gift cards, so I will probably by $200-worth of those for $150 after receiving the statement credits. That will net me $50 in free groceries, allowing me to shop at a place I normally avoid because of price-shock! I feel a celebratory craft beer coming on...