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Giant, Martin’s and Stop & Shop grocery stores are going to be offering 2x points when buying Mastercard gift cards from May 29 to June 4. If you can make use of the fuel points – or live in an area where you can redeem the points on groceries – this can be a great deal.
- Earn 2x points when buying Mastercard gift cards at Giant, Martin’s and Stop & Shop stores.
- Offer valid May 29 to June 4, 2020.
This offer is good on variable load Mastercard gift cards which means you’ll earn 1,000 points for every $500 card you buy. Those points can be redeemed for $1 off every gallon of gas on up to 20 gallons which means you can save up to $20 per card. With an activation fee of $5.95, you don’t even need to max out the 20 gallon limit to make this profitable.
Some Giant and Martin’s stores now offer the opportunity to redeem your points for grocery savings instead. I’ve not looked into that new element to their programs deeply yet, but my understanding is that while redeeming points for gas can offer the greatest savings, grocery redemptions can be a great option too, especially if you’re not driving much right now or are planning on going all-out on this deal to rack up some grocery store spend and so would never be able to redeem all those points for discounted gas.
Speaking of which, there are a lot of cards that offer bonused spend at grocery stores right now due to Amex, Chase and Citi offering limited-time bonused spend at supermarkets. Many of the Chase cards have a $1,500 limit per month for bonused spend, so if you’ve not maxed out this month’s allowance yet, this could be a good opportunity.