How I earned 5x Chase and 12x Amex on a single purchase

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All hail the Multi-stack.Yesterday was just that, when multiple stacks aligned with my annual haul of new shoes. For the last few years, I’ve utilized the sales around Black Friday to get a few pair of Nike Free running/walking shoes. I have a bad back, and those, combined with New Balance shoe inserts, seem to be magic for ailment. Unfortunately, the Black Friday discounts Nike usually give, combined with the TopCashBack rebates, didn’t amount to much on Black Friday. Then the magic happened. Yesterday, via Rakuten, an incredible opportunity opened up to earn 5x Chase and 12x Amex.

Yesterday Rakuten offered 12% cash back on many stores for a single day.

I have opted to earn Amex points vs cashback on all purchases made via Rakuten. Meaning, as long as my store was included, I could earn the 12x Amex points on my purchases. If you’re unfamiliar as to how to do that…read this article.

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Enter: The Finish Line.

The finish line was not only included, they had my shoes at 50% off, AND they had a special code to get $15 off a $150 purchase

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That meant I could get 3 pair of shoes for $135 + tax or…

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Did you notice anything about how I paid?

Enter 5x Chase points via Chase Freedom

Because Finish Line allows me to use Paypal, I could take advantage of Chase Freedom’s Quarterly 5% bonus category.

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In the end I earned 5x Chase Points + 12x Amex Points, and purchased 3, $100 pair of shoes, for $144.45 including shipping and taxes.

If you value both Chase and Amex at 2 cents – I earned another 34% off the $144.45 or $49 – which puts my net cost for 3 shoes lower than the retail of 1 before taxes.

Don’t have a Rakuten account? You can earn $10 after you spend $25 by signing up with my link

While the 12x isn’t currently on offer, plenty of stores have doubled up.

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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® is a great starter card that earns Premium Ultimate Rewards that can be transferred into over a dozen partners many of which are US based including Hyatt, Southwest, United, IHG, and Marriott.

Welcome Offer

Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 

*you may find an elevated offer walking into a branch – see below

Annual Fee


Points Earned

Transferrable Chase Ultimate Rewards

  • Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
    • That’s $750 when you redeem through Chase Travel℠
    • Some people have seen Chase branches offering the following:
      • 75k Ultimate Rewards After $4k spend in 3 months + 10k Ultimate Rewards after $6k in 6 months 
  • 5x on all travel purchased through Chase Travel℠
  • 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 Travel℠
    • The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
  • 2x on all other travel
  • 10% Anniversary Bonus
    • Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
  • Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
  • Points are transferrable to 14 Ultimate Rewards partners
  • Redeem in Chase Travel℠ for 1.25 cents per point
  • No foreign transaction fees
  • Suite of Travel and Purchase Coverage
    • Auto Rental Collision Damage Waiver is my favorite
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024
  • $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.


  • Jordan February 28, 2024


    $30 after your first qualifying purchase in the first 90 days. Don’t forget to change your settings so you can earn Amex points.

  • Ed December 14, 2019

    Hah, I did a similar thing with the Upromise Apple promo… 12% cash back + 5x ulitmate rewards points using PayPal at the Apple Store on an iPhone purchase.

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