American Express is offering a great promotion right now. If you buy 5 gift cards in one order at www.americanexpress.com/gift, you can get a complimentary American Express branded gadget lover’s card worth $25 by mail-in rebate!

Gift Card (total): 5*$25=$125.00;

Activation Fees: 5*$3.95=$19.50;

Shipping: $5.95;

Promotion Discount: $19.50;

Total: $130.95

In order to get the activation fees waived, you should use promotion code: HOLIDAY07 and use your american express card to place the order.

So you pay $130.95 for $125+$25=$150.00. It seems you can get 12.70% off on everything by using the gift cards purchased from American Express. We might all remember that they offered buy two get one promotion (see this post) last time. However, considering they have deducted the activation fees, this is still a good deal.

The Gadget Lover’s card can be used at some selected electronic merchant locations lick circuit city, bestbuy, staples and so on. You can locate the retailers here at www.electronicpoints.com. This card is valid for only 3 months. Offer is limited to 1 redemption per household or address (you may find out a way to get more.) Promotion duration is from 11/07/2007 to 12/31/2007. Remember: purchases of personalized or customizable gift cards are not eligible for redemption. You must have to choose from the current gift cards from americanexpress.com. You can find the rebate form here. Good luck!