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I shared yesterday that Kroger’s stores (and apparently their Smith family of stores) is having a one-day-only 4x fuel points gift card bonus today (Saturday 1/23/16), but I wanted to share how I actually put this deal into use. I was able to head to my local Kroger’s and stock up on some gift cards that are basically as good as cash to my family and earn not only 4.5x Amex Membership Reward points on the purchase, but also saved my way to 54 cent gas! Here’s how….
Purchase $250 in Gift Cards Today
I bought $250 in gift cards from Kroger’s with the 4x fuel points promo (double the normal 2x) from retailers that I frequent and that won’t result in me spending money I otherwise wouldn’t. I got $100 Amazon, $100 Hyatt, and two $25 Jason’s Deli gift cards – all of which will be used up in the next month or two pretty easily. This resulted in no extra dollars spent to take advantage of the promo.
Pay for the Gift Cards With a Credit Card That Pays Grocery Store Bonus
I paid for the purchase with a card that pays out a grocery store bonus such as the Amex Everyday.
Use 1,000 Fuel Points to Save $1 a Gallon
The $250 gift card purchase will earn 1,000 Kroger fuel points which amounts to $1 off each gallon of gas, up to a $35 gallon purchase. With gas prices already so low at $1.54 per gallon in my area, that will drop the price to 54 cents per gallon, which is insane. And for those living in such an oil heavy city as Houston, frankly a little scary.
Actually, we will do better than that because we will pay for the 54 cents per gallon purchase with our Chase Freedom which has gas stations as a 2016 first quarter 5x bonus category. That will save a minimum of another 5% on the purchase if you use the points as cash, but for me it will rack up 5x Ultimate Reward points (since I also have the Ink Plus) that I value at more than one cent per point.
Stacking a deal on top of a deal on top of a deal is very rewarding, and honestly pretty fun. I needed to go to Kroger’s anyway today, and by taking advantage of this deal I earned 1,125 Membership Reward points and will save about $25 in gas when we fill up the truck…all while paying less per gallon for gas than I have ever paid. Even lower than when I first started driving in the 1990’s and gas went below a dollar a gallon.
Anyone else going to be filling up for around 54 cents per gallon?!
Terms and Conditions for the 4x Fuel Points:
CARDS HAVE NO VALUE UNTIL ACTIVATED. TERMS AND RESTRICTIONS APPLY. Only purchases made with your loyalty card from The Kroger Co. Family of Stores or 1-2-3 REWARDS® Visa® are eligible. Excludes: The Kroger Family of Stores Gift Cards, ALL PREPAID RELOADABLE DEBIT CARDS (Green Dot®, MoneyPaks®, 1-2-3 Rewards ® Visa), & ALL FINANCIAL VARIABLE LOAD CARDS (American Express®, MasterCard®, & Visa®).Offer may be modified or discontinued at any time without notice. Fuel discounts are limited to up to 35 gallons of fuel per purchase, subject to fraud prevention limits on the amount of purchase. Not valid where prohibited by law. Subject to availability. See gift cards for details, terms, conditions and (if applicable) fees. All trademarks are property of their respective owners. Third party participants are not a sponsor of the promotion. Product and offer may not be available in all states.Wireless phones & airtime cards are excluded from this promotion.
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.