Posted by Chuck on December 6, 2015
Gift Card Deals

Published on December 6th, 2015 | by Chuck

34

Sears: $20 Credit with $100 Gift Card Purchase + 16% Off with Portal/Discover!

[12/14/15: We wrote a few updates on this offer, see Sears $20 Promo Coming Through – Much Better Than Expected!]

The Offer

Direct Link (scroll down, under ‘a few reasons to be jolly’)

Sears and Kmart are offering a holiday bonus for the purchase of Sears/Kmart gift cards. Valid until 12/25/15.

Screen Shot 2015-12-06 at 1.31.23 PM

  • Purchase $50 Sears gift card and get a free $10 Sears promo credit
  • Purchase $100 Sears gift card and get a free $20 Sears promo credit

The terms don’t specify whether the gift card needs to be a physical gift card or an e-gift card; I’m pretty sure that both will work. (By default, the link brings you to the e-gift option.) Unclear if gift card reloads will work as well. The promo code doesn’t show up in your cart; it will just be sent out afterward via email within 10 days of purchase.

Sears gift cards never expire, and the promo card will be valid from 12/12/15 – 1/31/15.

The Fine Print

  • Offer valid  12/6/2015 – 12/25/2015, online only.
  • Promo card will be valid in-store or online 12/12/2015 – 1/31/2016.
  • Limit (1) eAward card per transaction.
  • Qualifying online purchases will automatically receive an eAward card via email within 7-10 days of purchase.
  • $100/$50 thresholds must be met in a single transaction.

Limits

The big question here is whether you can get multiple $20 promo cards by buying $100 gift cards in separate transactions. The terms say, “Limit (1) eAward card per transaction.” I’m not sure if that is referring to the redemption of the eAward cards or the earning of the cards.

In any case, there is no explicit exclusion saying that you can only get this offer once total; hopefully there is no limit, and you can earn unlimited amounts of $20 eAward cards, one for each separate $100 gift card purchase.

Our Verdict

The deal is a good one on its own, but even better is that fact that Discover is now offering 5% back on Sears purchases, up to $1500, and many of us will get that doubled at year’s end to become 10%.

[Update] Important: The 5% will only work for e-gift card purchases or reloads purchases made at Sears.com. Physical gift card purchases made at Sears.com get processed through Kmart and won’t trigger the 5% bonus. For us, the e-gift card option is the sweet spot since it is eligible for the 5% Discover and it’s eligible for the $20 promo credit offer.

The Portal

Additionally, you can go through a shopping portal when purchasing the Sears gift cards. See all portal rates for Sears here.

Many shopping portals allow cashback on the purchase of Sears gift cards and e-gift cards while others exclude it. We rounded up the stated terms of the major portals here.

The best is Topcashback who explicitly includes gift cards, but Ebates and Shopathome should work okay as well. Currently, Topcashback is only offering 2% on gift cards, and I’d recommend using Ebates at 6% or Shopathome at 5%.

Note that not all the terms are necessarily enforced, and at least one recent report indicates that Cartera portals have been working in practice as well, although they officially exclude it. If you want to risk it, you can go through Splender for 7% or the Cartera mileage portal of your choice.

Also, note that the portal rates regularly go up for Sears. I’m optimistic about seeing 10% or possibly more within the next couple weeks, and probably some mileage bonus rates as well.

Final Haul

If all works out, you can buy $1500 in Sears gift cards in 15 separate transactions and pay for it with Discover. You’ll get back 10% from Discover and 6% with the portal. Plus the $20 promo card that amounts to a 16.6% discount. All told it would amount to 32.6% off the gift card.

And that’s before double-dipping when making the purchase. After double-dipping it can be close to 40% off by going through Splender!

[If you are new to Ebates, you’ll get another $10 for signing up and making a $25 purchase. Here is my Ebates referral link. Appreciate if you use it!]

HT: Slickdeals



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Pauly
Pauly

I’ve lost all trust in Discover! They are dead to me!

Will S
Will S

Riiiight, ya had to ruin this one by mentioning Discover….. That right there kills it for me. Odds are very high the order wouldn’t track, and even if it did, the cheapskates at Discover will find a way to claw back any credits given (as they did on a purchase I did via discoverdeals at AdvanceAuto Two MONTHS ago…. without explanation — miserable scoundrels….)

In short, any time you mention Discover, for me, the value of the deal goes south.

Vincent
Vincent

Discover is being used for the 5% quarterly bonus (doubled if you’re part of the double cash back after 1 year promo), not for the Discover Deals portal.

Parkerthon
Parkerthon

Was gonna say, this isn’t Discover Deals. The bonus category for the card which is automatic. IMHO, ALL portals are suspect and occasionally screw things/consumers up anyway.

The main problem with this deal, from what I recall, is buying a gift card straight up from Sears online won’t trigger the category bonus with Discover. Something to do with it going through another website altogether. I think you alluded to this Chuck when you mentioned that it’s unclear on whether reloads trigger the offer as my recollection is that is that’s only way to trigger the category bonus with Sears.com.

Thoughts?

emma
emma

why not use Discover deals? it is 10%.

Darren
Darren

Excludes gift cards

Randy
Randy

So you’re saying the Discover quarterly bonuses are the same for the original card AS WELL AS the Discover It and Discover It Miles?

Florian
Florian

Can this be combined with this promo code ? it’s valide on ebats and havent seen gift card exclusion : SEARS5OFF50

Paul
Paul

Can I buy visa gift card with sears gc online?

Florian
Florian

Can someone answer me for the promo code SEARS5OFF50, can it be combined with this offer?

Paul
Paul

I read post saying discover filters gc purchase while using apple pay. Any thought on how discover takes sears gc purchase online?

Parkerthon
Parkerthon

There’s no reason to believe they have changed how they handle quarterly bonus categories. Apple Pay was just a very rich offer and was therefore heavily scrutinized(and restricted).

jacinto
jacinto

chuck-great post. In your update, you say that reloads of Sears gift cards will qualify for the 5% quarterly Discover category?

rouven69
rouven69

Well see the terms. Takes at least a week to get it

Limit (1) eAward card per transaction. Qualifying online purchases will automatically receive an eAward card via email within 7-10 days of purchase

JD
JD

Another angle worth noting is to 1st buy the DIY Home Improvement Gift Card at Office Depot to nab either 5% via Amex Simply Cash or 5* points using Chase Ink. THEN go through a portal to Sears to purchase the $100 Sears Gift Cards using the the DIY GC. This is worth at least 30% in total. Not bad. Any data points out there on getting the $20 from Sears? Anyone being limited to the number of $100 get $20 back transactions?

Lucy
Lucy

Is it still valid? now the ads is gone from the sears.com front page.

Darren
Darren

Good news: Just got an eAward card from Sears for $200 (I ordered 10 different $100 gift cards, so $200 = $20 * 10). No mention of expiration dates as per post above. Anyone else?

anthonyjh21
anthonyjh21

Was the total for $200 or was it a sum of $200? I ask because I don’t want to be limited to $20 cards that can only be used one per order. Now if it were a $200 card that would be worth while for me.

Justin
Justin

did you make ten separate transactions or only one?

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