You can earn membership reward points (MR points) or cashback using the deals in addition to meeting the minimum spend (for a new Amex Card to get Sign-up Bonus) and generating slight profit. As of this writing you could still enroll in American Express NewEgg offer using hashtag #AmexNewEgg to get $25 statement credit for spend of $200 on NewEgg. For e.g. Buying $100x2 Visa gift card will cost you $8.94x2 in Fees, but after $25 credit from American Express you will still have profit of $7.12 and will have spend $217.88 on your American Express card.
There are other offers such as #AmexBestBuy (No longer available) where you get $25 in statement credit for purchase of $250. Even if you have nothing to buy from Best Buy you could simply purchase the Best Buy gift card of $250 and sell it off at ~90% of its face value to various gift card re-sell websites and thus recover your $250 back ($225 from re-seller + $25 from American Express) while earning Amex MR points or Cashback.
Then there are offers which do not look that lucrative or might sound like you cannot take much advantage of, but in reality if you dig deeper you can profit from them as well. Few such targeted offers are:
- Spend $100+ in Single transaction and earn 20% back in statement credit at Sam's Club
- Earn 2000 Membership rewards points when you spend $100+ at Courtyard by Mariott
- Spend $100 or more and get $20 back at Undercover Tourist
- Spend $150 or more and get $50 back up to 3x at At&T Small Business Wireless
The idea is to analyze some of these offers to maximize your profit from them. So, get on your Social Media Gear (Twitter) and get earning with these Amex offers.