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Posted by on Aug 19, 2013 in Amazon, Amex Starwood, Amex Starwood Business, Cash Back, Credit Cards, Gift Cards | 0 comments

Free Money from Amex Sync and Best Buy

Amex Sync is a great program from American Express where you can sync your American Express credit card via Twitter, Facebook, of Foursquare to get deals and discounts at many popular retailers. My advice is to just use Twitter for Amex Sync, because you won’t always see all the deals when syncing with Facebook or Foursquare. Amex Sync is fantastic if you were going to shop at one of the retailers anyways. In the past, for example, I was able to get $25 off $75 at Ticketmaster and $25 off $100 at Costco. But the program is also great for retailers you don’t shop at, because some of the deals often mean free money for little to no work.

 

Amex Sync Best Buy

Take for example, the recent Amex Sync Best Buy deal (expires 9/8/13) where you will receive a $25 statement credit for spending $250 or more at Best Buy. Until recently, I had not bought an item at Best Buy in 5+ years much less spend $250 there, but the deal essentially means free $19.05 plus a $5 Best Buy reward certificate for each American Express credit card you have.

The reason for the free money is because you can buy $250 in gift card at Best Buy and receive the $25 Amex Sync statement credit. The best way to maximize this deal is to buy a $200 Visa gift card and $50 in Amazon gift cards. The Visa gift card has a $5.95 fee, but Amazon gift cards have no fee. You don’t want to buy $250 in Visa gift cards, because each Visa gift card can only be loaded with up to $200, but the $5.95 fee applies regardless of how much you load so buying $250 in Visa gift cards will cost you $11.90 ($5.95 x 2) in fees. You can tack on $50 in Amazon gift cards instead to get you to that $250 needed for the $25 Amex Sync statement credit. Technically, Best Buy only sells Amazon Kindle gift cards, but they are exactly the same as Amazon gift cards. If you are a really heavy Amazon shopper, you can of course buy $250 Amazon gift cards and pay no fee, essentially making this deal 10% off your next $250 in Amazon purchases.

 

Best Buy gift cards

Best Buy gift cards

 

The terms and conditions say gift card purchases don’t qualify for the Amex Sync deal but in my experience, credit card companies can’t really tell what you purchase in a specific store and I always only buy gift cards (Ticketmaster, Costco, and now Best Buy), and I always get the Amex Sync statement credit. It may be obvious, but you will need American Express credit cards; the more the better since you can get the deal once per card. Some great American Express cards to use include the American Express Starwood credit card and the American Express Starwood Business credit card. On each card, you will earn 35,000 Starwood points after spending $5,000 within 6 months (30,000 points signup bonus on top of the 5,000 points for spending). Last but not least, you can only sync one American Express credit card per Twitter account so if you have multiple American Express credit cards, create multiple Twitter accounts.

[Update 9/16/13] While the summer promotion to get 35,000 Starwood points is over, you can still open the American Express Starwood credit card and the American Express Starwood Business credit card. On each card, you will receive 30,000 Starwood points after spending $5,000 within 6 months (25,000 points signup bonus on top of the 5,000 points for spending).

 

To apply for the credit cards discussed and other credit cards, please see my credit card bonuses page

To apply for the credit cards discussed in this post and other credit cards, please see my credit card bonuses page

 

Example

Step 1: Tweet “#AmexBestBuy”.

Step 2: You should instantly get an email saying, “@’YourTwitterName’ got your tweet! Sync Card at amex.co/12BXAqr to enroll in #AmexBestBuy offer. See terms amex.co/12BXAqp.”

Step 3: Click on the first link to sync your card, and you will be taken to an authorization page. Click sign in to approve the American Express Twitter app.

Amex Sync authorization

Amex Sync authorization

 

Step 4: Fill in the details of your American Express credit card.

Amex Sync credit card form

Amex Sync credit card form

 

Step 5: You should instantly get an email saying, “@’YourTwitterName’ thx for enrolling in #AmexBestBuy offer. Spend w/ synced Card & receive credit. See terms: amex.co/12BXAqp.”

Step 6: Go to Best Buy and buy $250 in gift cards.

Step 7: About two days later, you should see the Best Buy charge on your American Express credit card along with the $25 statement credit!

Amex Sync Best Buy confirmation

Amex Sync Best Buy confirmation

 

Step 8 (optional): After you get your $25 statement credit, you can use the original link you used to sync your card to now UNsync your card. You can also go into your Twitter account and revoke access for the American Express Twitter app.

 

Best Buy Reward Zone

If you want to take this deal a step further, sign up for Best Buy Reward Zone and give the cashier your Reward Zone number when buying the gift cards. Reward Zone is Best Buy’s loyalty program and in a nutshell, you get a $5 Best Buy reward certificate for every $250 you spend at Best Buy. By signing up for Reward Zone then spending $250 at Best Buy, you will get a $5 Best Buy reward certificate, which you can use to buy more gift cards at Best Buy! Between my wife and I, we did the Amex Sync Best Buy deal 10 times and will be receiving $50 in Best Buy reward certificates ($5 x 10), which we will use to redeem for $50 in Amazon gift cards. It takes a couple of weeks for the Best Buy Reward Zone points to post as you can see from the picture below. We received a $5 reward certificate already, but the other 2,303 points (worth $45 in reward certificates) are still pending.

 

Best Buy Reward Zone

Best Buy Reward Zone

 

The Main Point

The more American Express credit cards you have, the more times you can take part in the Amex Sync Best Buy deal and the more free money you will receive. We did the deal 10 times and received $250 in statement credit + $50 in Best Buy reward certificates – $59.50 in fees ($5.95 per Visa gift card x 10) for a total profit of $240.50. You can give out the Visa gift cards as wedding gifts or you can cash them out via Amazon Payments. You can also give out the Amazon gift cards as wedding gifts or you can use them to buy wedding registry gifts. Of course, you can also spend the gift cards in your normal day-to-day activities. Just remember to not spend more than you normally would!

I still think the American Express Starwood credit card and American Express Starwood Business credit card are two of the best cards to use in the Amex Sync Best Buy deal but there are many other American Express credit cards that offer big signup bonuses as well.  Just remember the current American Express Starwood signup promotion ends 9/3/13, and the Amex Sync Best Buy deal ends 9/8/13.

 

Disclaimer: I may receive referral credit for some of the links above, which I appreciate

 

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