Yes, it’s possible to get deeply discounted gas! The deal continues through the end of tomorrow so there is still time. You don’t even need a super points earning credit card to get this deal. If you’re in the tri-state area (MA, CT, NY, RI) you’ll be looking for a Stop and Shop. If you’re in the mid-Atlantic (MD, VA, DE, PA)… head to your local Giant. DON’T FORGET TO BRING YOUR STORE LOYALTY CARD.
Here’s how: Stop and Shop / Giant is running a 3x gas rewards on all gift card purchases for Father’s Day that runs through tomorrow (6/16/14) evening. What does this mean? If you purchase a $500 Visa, Mastercard, or American Express gift card… you will earn 1500 gas points. Do it twice, earn 3000 gas points.
Now, there is a $5.95 fee per card but let’s do the math.
For $5.95, you will be saving $1.50 off a gallon. If you fill up 20 gallons… you save $30 dollars.
If you have a credit card that offers you rewards at supermarkets, you can multiply your savings. Personally, with my American Express… I earn 5% back netting me an extra $25.30 cash back per gift card I buy. That means my $5.95 purchase is putting $55.30 back in my pocket. I went ahead and picked up three of these guys for a total net earning of $148.05.
If you’re like me, you may be concerned about hanging on to massive amounts in gift cards that can be easily lost. What I do is simply transfer the funds off the gift cards onto my AMEX Bluebird account. Read about the AMEX Bluebird here. Happy father’s day and point hacking!