Just saw an email from US Airways’ Triple Miles and American Airlines Double Miles Promotion and Neiman Marcus is part of the list of promotions. We know that Chase will credit Ultimate Rewards Point when purchasing through the UR Mall. Since the UR Mall is run by Cartera as is the US Airways Dividend Miles and American Airlines Mall, we can expect the extra miles to work as well. At the cheapest for physical gift cards, this opportunity will allow you to buy points at $.009/point. Buy 1 $1000 gift card and 1 $500 for a total of $1510, there’s a $5 fee per gift card. The promotion for both is 12x miles and 5x for the Chase Ultimate Rewards from the Freedom card. The total haul of points and miles will be 25,550 at a cost $226.50.
Chase depicting Neiman Marcus as a 5% category for department store.
US Airway’s Triple Miles for Neiman Marcus
American Airlines has a double miles at 12x
Gift Card Granny showing us that when we sell the Neiman Marcus card it will cost us 15% of the card’s value for the $226.50
I am not sure how long the triple miles offer will go. Best to jump on it as soon as you can. I am also undecided if I will take advantage of this deal. It is right up my alley of buying miles/points under a penny.
American Express has an offer where you purchase $200 or more at Neiman Marcus and you will receive $50 back as seen below.
Current rates that you can sell Neiman Marcus for is up to 85%.
If you buy just $200 the $50 back means you will be buying the gift cards at 75% of the face value. That means you will be earning at least 10% back. If you do the physical gift card route like I did, there is a $5 service fee per card. In the end the physical gift card route the pay out would be 80% and you would earn 5% back.
The best part about buying the Neiman Marcus gift card is receiving 7x back from Chase’s Ultimate Rewards Mall.
According to Gift Card Granny, Hyatt Gift Cards sell for 85% of the face value.
You must pay with a business American Express with OPEN savings for 5% off. You will earn 4275 Membership Rewards or SPG points for $55.95 which comes out to $.013/point.
Solely buying the points is a little expensive, but if you could take advantage of the benefits of the premium package this manufactured spend opportunity can’t be missed as this would lower the cost of the points.
I was not planning on buying the premium membership because I have Hilton Gold and still do not see much value in the rest of the package.