Right now, 5-5-11 through 5-11-11, Publix is offering $10 off a $50 American Express gift card with a coupon from their store flyer. You will need 1 coupon for each card you want to purchase. There is a $4.95 activation fee, so after that is taken into consideration, it is like getting paid $5.05 for each card you buy. $5.05 is not bad, but please pay attention carefully now, because this is where it gets interesting! You can buy more AmEx gift cards with the AmEx cards you previously purchased, so you are not coming out of pocket any more money than your initial investment and you are making money each and every time you buy them.
Here's what I did:
I bought 4 $50 AmEx gift cards with 4 coupons spending a total of $179.80 for $200 worth of AmEx gift cards. $50 gift card + $4.95 activation fee = $54.95 - $10 coupon = $44.95 spent for $50 gift card. $44.95 gift card purchase price x 4 cards purchased = $179.80 paid for $200 in AmEx gift cards = $20.20 in profit.
I wait the 1 hour and 10 minutes for the AmEx gift cards to activate. After the cards are activated, I go back to Publix, tear out 4 coupons from their store flyer and buy 4 more $50 AmEx gift cards with the cards I bought an hour ago. Again paying a total of $179.80 for $200 in gift cards.....$20.20 profit. I wait another hour and 10 minutes and go back and do it again and again and again basically getting paid $20.20 each time. I can't go every hour, but I try to go as often as I can. It works, I have even done this right in front of the store manager. I usually do this 4 cards at a time, but you could do it as much or as little as you like. The Publix down the street from me lets me buy as many as I want, but I have been to another Publix store in my area and they have put a limit of 2 per person at a time. I guess it is up to the individual store to put limits on this. The stores tend to restock a lot throughout the day. If they are completely out they will give you a rain check that is good for a month.
I have seen this deal in the Publix flyer several times in the past, the most recent was about 3 weeks ago. So keep an eye out for it. Cha-ching!














































