Several weeks ago, American Express had a $50 off $100 Airbnb offer. The offer has expired already. It has taken me a long time to write about the deal because I was waiting for all the statement credits to post. If you want to hear about the best and the latest deals, be sure to follow Doctor of Credit. I don’t usually post about deals until after I’ve completed them, mostly because I don’t have the time to publish posts all the time, but also because many other sites do a much better job at keeping readers up-to-date with the best deals. Here at FPT Gift Box, I write about turning limited resources into abundance!
In any case, 50% discount at Airbnb seemed like an AMAZING offer, so I registered all 38 of my AMEX cards. AMEX targeted every single one of my cards, including the Costco card which usually gets the least number of offers.
The terms of the offer stated that the offer was good for online booking as well as gift cards. I’ve never used Airbnb before and had no upcoming travel plans, so I opted to buy the Airbnb gift cards. I didn’t know if I’d be able to sell them but 50% discount on future vacations is too good to pass.
Initially, there were numerous reports that gift card purchases didn’t trigger the statement credit but online bookings did. I bought two $100 gift cards to see if I’d get the email notification that I usually get when redeeming an AMEX offer. I didn’t, but I was certain that I’d eventually receive the statement credits because the terms were clear that gift card purchases were valid. I was willing to wait 90 days if that’s what I had to do. I also didn’t mind keeping and using the 2 x $100 Airbnb gift cards for myself, but I wanted to see if I could sell them.
None of the gift card exchanges were selling them, so I posted on a few online forsale groups to see if anyone was interested in buying them at a 10% discount ($90). To my surprise, I got quite a number of replies! I bought a few more $100 Airbnb gift cards and those got sold quickly too!
So between November and December, I bought a total of 38 x $100 Airbnb gift cards and sold all but one at $90 each. I gave one gift card to my sister for $50. I thought I’d keep a few gift cards for myself but I kept getting emails from people who wanted to buy more, so I decided to let go of the last few Airbnb gift cards.
With all 38 gift cards sold, I still did not receive the $50 statement credit for any of the cards. Reports from Doctor of Credit were coming in that some people were able to receive the statement credit after calling an 800 number. I didn’t want to bother with phone calls since many of the AMEX cards I used to make the purchase weren’t in my name. I opted to use the Contact Us chat. This was a tedious process which painstakingly took several weeks because most CSRs I chatted with were not helpful and repeated the same thing – credit would post after 90 days. But occasionally, I got a few CSRs that went ahead and triggered the $50 statement credit manually. When that happened, I had the CSR repeat and credit the other cards under the same name. This process took multiple attempts before all 38 statement credits posted.
The whole deal took me two months to complete, but the profit is absolutely fantastic!
- Total credit card charges: 38 x $100 Airbnb gift cards = $3,800
- Total statement credits: 38 x $50 = $1,900
- Total out of pocket cost: $3,800 – $1,900 = $1,900
- Total received from selling the gift cards: 37 x $90 + 1 x $50 = $3,380
- TOTAL HAUL:
- Total cash profit = $3,380 – $1,900 = $1,480
- Total points earned from the credit cards:
- Blue Cash: 16 x $100 x 1% = $16
- Costco: 2 x $100 x 1% = $2
- Platinum: 7 x $100 x 1 MR = 700 MR points
- SPG: 13 x $100 x 1 SPG = 1,300 SPG points
Vision for FPT Gift Box
My vision for FPT Gift Box is to take the proceeds from the gift card sales, extra gift cards (if any), and the miles/points to sponsor kids with severe medical condition/disability to a dream trip to Disneyland! The money made from this Airbnb deal is enough to buy Disneyland tickets for 2-3 families! If you know of a child with a severe medical condition or disability and want to make their Disneyland dream come true, please send me a message!
That’s what “The FPT (5+2) Model” is all about – turning limited resources into abundance and blessings!
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