Published on June 5th, 2019 | by Chuck11
[YMMV] Amex Membership Rewards: Redeem Select Giftcards at 20% Discount (Home Depot, Gap)
- American Express Membership Rewards is offering select gift cards at a 20% discounted redemption rate:
- Home Depot gift cards in denominations of $25, $35, $50, $100, $500, $1,000 at 20% off (e.g. $100 for 8,000 points)
- Walmart gift cards at 20% off
(e.g. $100 for 8,000 points)
- Gap gift cards in denominations of $10, $25, $50, $100 at 20% off (e.g. $100 for 8,000 points)
iTunes gift cards are also 20% off, but that’s off the original price – after the discount it lands up just under 1 cent-per-point value, not 20% better.
The Fine Print
- Valid between 6/3/19 and 7/31/19.
I don’t see this deal in my login, but it appears to be working for many Slickdeals members. Home Depot at 20% off is a pretty good deal for someone who values that as cash. A lot of people will find better value from mileage transfers or even from cashing out via Schwab at 1.25 cents per point.