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There is a Lowe’s offer that came out this week that is an awesome deal: Get a $15 Lowe’s gift card when you buy a $200 Visa Gift Card from 4/22/21 to 4/28/21 with a limit of 2 per email address. This deal has been out for a couple of days but I thought it was still worth reporting for anyone who may be unaware since there are some great ways to stack for additional savings.
- Lowe’s is offering a free $15 Lowe’s gift card when you buy a $200 Visa Gift Card in-store between 4/22/21 and 4/28/21.
- Direct link to the rebate redemption page
- Valid 4/22/21 to 4/28/21
- Two per email address
If you value the Lowe’s gift card close to face value, this deal is profitable from the base point since the activation fee on standard Visa Gift Cards is $6.95 — meaning that you’d come out $8 ahead in gift card money before accounting for credit card rewards or any stacking. If you’re able to find the Grocery Everywhere cards and can use those at your local grocery store, it gets even better since those only have a $4.95 activation fee.
But there are a number of ways to stack this deal to make it even better:
- There is a targeted Amex Offer for 10% back at Lowe’s
- There is a targeted Amex Offer for $25 back on every $500 up to 10 times
- Many new Amex cards approved recently come with a $200 credit for home furnishings that is valid at Lowe’s
- Those who have successfully referred someone during the home furnishings promo could be earning 5x on home furnishings on the card from which they made the referral (valid at Lowe’s)
- The Chase Freedom card has home improvement stores as this quarter’s 5x category (don’t forget to activate it)
- Card-linked programs (See (Updated) Card-Linked Programs & The Networks They Run On (AKA Which Programs Stack) for full details)
Note of course that Amex has been known to claw back points if meeting minimum spending requirements with gift card purchases and they also clawed back points on gift card purchases last summer when they offered a bonus at US supermarkets on Hilton cards. I’ve not had problems buying gift cards with past Lowe’s offers, but YMMV as to how that will pan out with the Amex options above. In my opinion, one or two gift cards is probably low-risk. If you intend to buy a lot more, you should tread carefully and beware of the risk.
Note that James in our Frequent Miler Insiders Facebook group notes that the Lowe’s gift card number shows up right away when you submit the form and that you’ll want to save that number right away in case it isn’t readable in the email for some reason.
H/T: Doctor of Credit