Wednesday, September 05, 2007

Pottery Barn credit card bonus

Whilst perusing the latest Pottery Barn catalog, I noted that the fine print of their credit card bonus program is actually pretty sweet. If you spend $750 during the six-month "program cycle" (which appears to be the first six months of the year, and the second six months) you get a $50 gift certificate to Pottery Barn. Plus, if you spend $100 in the first month, you get a 5% rebate certificate which you could use to make the gift cards go farther. If I spent $750 on my American Express card, I'd only earn $7.50 in gift certificates, so that seems like a good deal to me. To totally dork out, $100 in gift certificates just for spending $1500 with the card (and it doesn't stipulate anything about balances, so you could pay it off right away) gets you a 6.6% return on your money. If you don't want to shop at Pottery Barn, you could sell the gift certificates on eBay or get 70% of value without hassle at or a similar site. (Most of the time eBay'ed gift certificates will get at least 85-90% of value, but it's more time-consuming and you have to pay fees.) I'm probably going to do some credit card arbitraging once my current 0% deal expires and I pay it off, so I'll apply for this one too and get my free gift card.