Amex points HD/Lowes hack

[Rafael Ortiz]

OK here is a cool hack that I just figured out if you have a renovation going during the next few months. AMEX just came out with a cool promotion – if you open a new platinum card, you will get 10X points in grocery stores for the next six months up to $15k. So you go to your grocery store and buy $15K worth of Home Depot/Lowe’s gift cards. Then you pay for materials with those cards. You are effectively getting a 10% discount, in the form of points.

A more advanced move, for any points nerds out there like me, you can also open a platinum Schwab card along with an investment account. This one lets you transfer points 1.25X to your investment account 🤓. So you’re saving $1875. You’re welcome 😜