I‘ve carried the Gold American Express card for years. One of the big advantages of an Amex card is the regular discounts they send along. Yesterday I received notice of a 20% discount from Home Depot, and thought I’d pass it along.
Normally, a $50 gift card to Home Depot costs 5,000 Amex Membership Rewards points. Five thousand points for a $50 gift card is a standard 1% rewards rate. Through July 15, 2010, however, you can get a $50 Home Depot card for just 4,000 points, which is a 20% savings.
This deal is good with any Amex card that offers Membership Rewards points. I carry the American Express(R) Premier Rewards Gold Card and have been very happy with it. Another great Amex card option is the newly introduced Zync from American Express(SM), designed specifically for younger adults (although anybody can apply).
Either way, be sure to take advantage of the 20% savings if you carry (or plan to apply for) an American Express Card.