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Bed Bath & Beyond Amex Offer
There is a new Amex offer available for Bed Bath & Beyond for $5 back on $25 in purchases. This is a decent offer on it’s own since Bed Bath & Beyond sells 3rd party gift cards and Visa gift cards. But, I am going to show you how to stack deals to maximize this offer.
Details of the Amex Offer
The terms of the offer are pretty simple:
Get a one-time $5 statement credit by using your enrolled Card to spend a minimum of $25+ in one or more transactions in-store at Bed Bath & Beyond or online at bedbathandbeyond.com by 12/26/2017.
But we can do a lot better than $5 off some gift cards.
Upcoming Visa Gift Card Sale
A few weeks ago DDG posted about an upcoming VGC sale that Bed Bath & Beyond will be running over Black Friday weekend. With that offer you get a $25 BB&B gift card as a rebate when you purchase a $200 VGC or Mastercard gift card. The sale is from 11/24-11/27 which happens to overlap with this Amex offer. That would be a nice double stack but we can do a little better.
Ebates Shop In Store Cashback
Ebates has a in store cash back program that works very similar to a shopping portal. You load the offer to your card and you get cashback on your in store purchase. You can only load the offer to one card at a time so you would need to do multiple transactions to really maximize it.
Ebates is always changing their in store vendors so there is a chance Bed Bath & Beyond may not be available 11/24-11/27. But the rate could also be increased by then so we will just have to wait and see. They are a staple in the program so it is likely there will be an offer for them that weekend.
How the Numbers Look
If you used your American Express card to buy a $200 VGC with a $6.95 fee you would get $5 back from American Express. You would also get a $25 BB&B gift card from the rebate which has a resale rate of 83.5%, or $20.88. Plus you would get 2% cash back from Ebates, or $4.14.
Here is how the numbers look:
A pretty nice return for very minimal work, if you have a Bed Bath & Beyond store near you. This also does not include your credit card points which you could add another 1-2% in return for that. I didn’t add it in since this offer is on multiple American Express cards so the return will vary.
You could always use the Amex offer and Ebates in store cash back to buy regular 3rd party gift cards. They have Shell, Itunes, and Chilis gift cards etc. if Visa gift cards are not your thing.
UPDATE: A good idea that Alex brought up in the comments in the original post is to split tender the VGC purchase across multiple cards. You could do it up to 8 times with a willing cashier increasing your profit to $57.37 or a rate of return of 27.7%!!!
This is a great way to maximize the return on your Bed Bath & Beyond Amex offer. By stacking the Amex offer with other deals you can turn your discount from a $5 credit to $22.37 in profit!
I am not sure what the limit will be on the VGC rebate, I believe it was two per household last year. You could partially stack the offer and buy third party gift cards once you hit the VGC limit. Make sure to use the Ebates in store cash back even when buying the 3rd party gift cards to increase your savings there too.
Do you plan to use the offer on VGC’s, 3rd party gift cards, or both?
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.