Earn 5X Points on No Fee AMEX Gift Cards at CVS with the Chase Freedom, with thanks to TravelSort reader Jim, who alerted me to this offer. The Chase Freedom earns 5X on Drug Stores this quarter, Q4 2016, and normally I don't manage to max this out since the main no fee gift cards I buy are for Amazon and Whole Foods, and these are available at office supply stores for 5X using my Ink Plus.
But AMEX gift cards are more flexible and almost as good as cash, so it's a great deal when no purchase fee is charged, as is the case November 20-26, with this CVS promo; these could be used as holiday gifts, or for your own future spend:
The main problem will be finding a CVS store that isn't sold out of AMEX gift cards–the two in NYC that I checked were completely sold out.
Of course, if you don't have the Ink Plus, and have a use for any of the other fee free gift cards sold at drug stores such as CVS, Walgreens, Duane Reade, etc. then there's no reason not to front load spend you'd make anyway at Amazon, Whole Foods, Starbucks, etc. by buying gift cards with your Chase Freedom to earn 5X points.
If you also have the Chase Sapphire Reserve, Ink Business Preferred or Ink Plus, you can transfer these points out to Ultimate Rewards partners such as Singapore KrisFlyer, Korean Air Skypass, United MileagePlus, Air France KLM Flying Blue, Hyatt Gold Passport, and others to fly Singapore Suites on the A380, Singapore First Class, Asiana First Class, SWISS Business Class, KLM Business Class and other international first class and business class awards, which are the highest value return for your Ultimate Rewards points.
Do you plan to earn 5X buying no fee AMEX gift cards at CVS with your Chase Freedom?
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