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One of the quarterly credits on the American Express Platinum Card® is an up to $75 credit to Lululemon. While it’s popular knowledge at this point that you can walk into the store and buy a gift card to use later, or anecdotally buy one online, did you know that doing this direct with Lululemon is leaving money on the table. I’m going to show you how you can take that $75 credit and whip it into a minimum of $150, and even more depending on how you value Bilt points.
The flow goes like this.
- Enroll your Platinum Card for the Lululemon credit
- Sign up for Rakuten with a spend $50 get $50 back
- Link your Bilt account to earn a bonus 2500 points when you spend $25
- MAKE SURE YOUR EMAILS ARE THE SAME
- Sign up for Bilt…it’s free… if you don’t have one
- Wait until Lululemon is at 10-15% cashback/points at Rakuten.
- Buy $75 worth of merch at Lululemon and trigger them all
This strategy would net you the following
- $75 statement credit with Amex
- $50 back via Rakuten
- 2500 points
- 10-15% back on the $75 which is $7.50 to $11.25
- Total = $132.50 to $136.25 + 2500 Bilt points ( worth at 2 cents or 1.25 cents in travel portal )
- = $163.75 to $186.25
If you did the whole thing in points you’d get $75 back via Amex + 5000 Bilt Points + 2500 Bilt Points + ( 750 to 1125 points ) = $75 + 8250 to 8625 Bilt Points. This is the avenue I’d go since it nets the best points in the business.
First off…the Amex Platinum $75 Lululemon credit – enroll here
Make sure your card is enrolled
Next…sign up for Rakuten with the Spend $50 get $50 bonus – my referral
Don’t spend anything yet…let’s link to Bilt Rewards next.
Next you want to link your Bilt account to Rakuten to get the bonus 2500 points – Make sure your emails match
If you don’t have a Bilt account you can sign up here
Go back to Rakuten and select Bilt as your payment method
Go to account settings where you’ll find “How you’re getting paid”:
You may need to sign out and back in for the Bilt account to actually populate. If it doesn’t go here for Help which has a chat function to see why your Bilt account isn’t populating.
Now wait until Rakuten puts Lululemon on 10-15x promo – I’d guess we will see this around Black Friday/Cyber Monday
And voila…you’d make a killing on your Amex Lululemon Statement Credit
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travelâ„
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travelâ„
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Points Boost
- each account anniversary you’ll earn bonus points equal to 10% of your total purchases made the previous year
- Points are transferrable to 14 Ultimate Rewards partners
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Complimentary DashPass which unlocks $0 delivery fees & lower service fees for a min. of one year when you activate by 12/31/27. Plus, a $10 promo each month on non-restaurant orders
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.