Cyber Monday 50X

Some decent deals pop up on OpenSky.  Combine these deals with 50 MyPoints per dollar and you’ve got a sweet deal… 

A couple of months ago, an online store called OpenSky ran an incredible promotion through the MyPoints portal.  For a brief time, they offered 150 points per dollar for up to $500 in purchases.  At the time, there was a lot of confusion over whether the points earned were really MyPoints (which would be good) or OpenSky points (which would be bad).  The final conclusion was that the 150X deal was indeed for MyPoints.  Once we were convinced of that, many of us jumped in and bought up to $500 worth of overpriced stuff because the value of 150 points per dollar made the purchase basically free.  For more information about this prior deal, please see “MyPoints 150 points per dollar! Maybe. (Update 3).”

Since that time, OpenSky has continued to offer 50 points per dollar through the MyPoints portal:

image

I never mentioned this deal in my blog because OpenSky items tend to be so overpriced that even 50X wasn’t enough to convince me to buy.

Cyber Monday Deals

Today, the 50X offer looks more appealing.  OpenSky is offering Cyber Monday deals for some items at prices that are actually competitive:

image

I price checked several of these deals and found that quite a few really are good deals.  I looked up the current prices on Amazon.com and found that some were cheaper on OpenSky!

Even better, OpenSky is offering free shipping all day.

Step by step

Here’s how to get the deal and cut your costs even more:

  • Join MyPoints:  MyPoints is an online shopping portal in which you can earn points when shopping.  Those points can then be traded for gift cards, cash, or United Airline miles.  If you use my referral link to sign up I’ll earn extra points if you make purchases (and I’ll appreciate that!).
  • Join OpenSky:  If you’re new to OpenSky, you’ll get a $20 credit when you join.  If you use this link I will earn a credit too (and I’ll appreciate that too!).  Wait until you receive an email about the credit before making your OpenSky purchases.
  • Go to MyPoints and find OpenSky: To make sure you get 50 points per dollar, you need to start by logging into your MyPoints account.  If you’ve already browsed to OpenSky, I recommend closing all browser windows first, and starting over just to make sure you get credit.  To find OpenSky, look for the “Alphabetical Brand Index” near the top of the MyPoints screen, and click on the letter “O”.
  • Shop OpenSky: Hover over the top menu items and look for Cyber Monday deals.  In some cases, you can find them by selecting “see all collections”.
  • Post to Facebook: Some (all?) OpenSky items include the option to save an additional $5 by spamming your friends on Facebook.  Look for a little ad like this on the right of the screen:

image

What are MyPoints worth?

The value of MyPoints vary greatly by how you redeem them.  Here are some examples:

  • Redeem for cash (via PayPal): 8900 MyPoints can be exchanged for $50 in cash.  In this case, each point is worth just over half a penny (.56 cents each).
  • Redeem for miles: 10,100 MyPoints can be exchanged for 5000 United MileagePlus miles.  In this case, each point is worth about half a mile (.495).  With the fair trading price of United miles at 1.31 cents each, this means that each MyPoint is worth .65 cents (65% of a penny).
  • Redeem for gift cards: Some gift cards cost less in MyPoints than others.  For example, 11,850 MyPoints can be exchanged for a $100 gift card at Macy’s, Express, Banana Republic, and several other retailers.  In this case, points are worth .84 cents each.  With other gift cards (LL Bean, Pottery Barn, Marriott, etc.), MyPoints are worth a bit less.

If you conservatively say that each MyPoint is worth .65 cents, then this 50X deal is equivalent to a 32.5% rebate on anything you purchase today at OpenSky.  Alternatively, if you like United miles (and who doesn’t?) you can think of it as earning 24.75 miles per dollar!

About Greg The Frequent Miler

Greg is the owner, founder, and primary author of the Frequent Miler. He earns millions of points and miles each year, mostly without flying, and dedicates this blog to teaching others how to do the same.

More articles by Greg The Frequent Miler »

Regarding comments: Comments posted at the bottom of Frequent Miler pages and posts 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.

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Ollie
Guest
Ollie

Just in time for my cyber-Monday shopping. Thx FM

Lively
Guest
Lively

I almost spilled my cheerios when I saw 50X.

FrequentMiler
Guest

Lively: I’m glad your Cheerios survived!

Del
Guest
Del

another great update. Dont forget if you are a new member of mypoints the offer gets doubled to 100 points per dollar or 49.5 UA miles 🙂

FrequentMiler
Guest

Del: I think the double points offer is limited to particular merchants and that OpenSky is no longer on the lists. See this page: http://www.mypoints.com/emp/u/welcome/nmFirstPurchase.vm

Booyah
Guest
Booyah

Spend $330.

Carlos
Guest
Carlos

How long till points show up, usually?

benji
Guest
benji

FM,
My email (which I forwarded to you; check your email) says the double points offer is “on all your purchases through mypoints” and “no exclussions will apply”.

FrequentMiler
Guest

benji: Thanks. That would be awesome if people get 100X for this deal. I’d recommend that each person just assume they’ll get 50X and then be delighted if they end up with 100X.

Mypoints
Guest
Mypoints

Last time there was a 150 points per dollar offer.
And the points took more than one month to appear and another one month to redeem…
I do think mypoints is a good business that can survive more than two months…

benji
Guest
benji

I haven’t taken advantage of the double points offer because my account opened in early October, but because of some account verification problems with the mypoint website, I wasn’t verified until early November. Thats when I started getting the double points emails. I don’t know if they would screw me because my account was really opened 30 days before I even started getting the emails.

They seem very shifty from what I have read.

Mypoints
Guest
Mypoints

Don’t do that. It’s better to open a new account.
But it usually takes time to receive the double points email… Some people never receive that offer.

FrequentMiler
Guest

Mypoints: I don’t recommend that people open new accounts. There have been reports of MyPoints shutting people down when they do that to get the new account bonus.

Jon
Guest
Jon

I received 150 MyPoints per dollar during the last offer. And that doubled to 300 MyPoints per dollar with the 2x new member bonus.

Anyone know if there is a maximum dollar amount limit to this 50x point offer?

FrequentMiler
Guest

Jon: As far as I can tell, there is no minimum or maximum.

TravelBloggerBuzz
Guest

Are you back? 150 or 50 pts per dollar still not enough for this anti shopping ovepriced stuff to make me click to buy:-)

FrequentMiler
Guest

TravelBloggerBuzz: Yes, I’m back.
MileageUpdate: Yes, their prices are shocking. However, as I said in the post, some of their Cyber Monday prices are actually pretty good.

MileageUpdate
Guest

So is their gig to overprice stuff and then give a huge shopping reward? Im shocked how high priced Open Sky is. Wow.

Steelsnow
Guest
Steelsnow

Still waiting for my MyPoints to post… As of the beginning of last week when I talked to them, it was supposed to be the end of last week. Still on 0 here… Even if they do post, have not been very impressed.

Dave
Guest
Dave

I was one of the lucky ones to get the 150x last time. And like other new members, my points doubled. I ended up getting a total of 150K Mypoints (redeemable to >70K United miles, but could’ve cashed out for $800 or so), 500 SPG pts, and lots of decent but overpriced goods (probably worth $200 to me), and paid only $500 for it. This was the deal of the year for me.

xiao
Guest
xiao

Miler

Just signed up through you referral keep up the good work

Trevor
Guest
Trevor

I just might get the juicer. Will be using my Discover card for 5% cash back also if I do.

Will
Guest
Will

So the 50x points are these OpenSky points of Mypoints? I just ordered a pair of headphones for $300 and on OpenSky it shows I have earned 3000 points (10x) but it doesn’t show any activiy on Mypoints. Thanks.

romsdeals
Guest

Any good items to resell?

Will
Guest
Will

Sorry I didn’t read your entry clearly..it’s obviously MyPoints. My question is how long does this take to post to Mypoints. Thanks.

Jon
Guest
Jon

Will – it takes up to 30 days to receive your MyPoints. If you don’t receive them after that, contact MyPoints Customer Service. The last time around, people did not receive their points within 30 days and had to poke MyPoints to get them to show up. This deal will likely take some effort, but it will pay off in the end.

russell
Guest
russell

Just bought slightly over $100 worth to hit the 5200 mypoints threshold for 2.5k transfer to United.

John Hoe
Guest
John Hoe

Completely unrelated item. Just recently made a purchase at a walmart neighboorhood market with an Amex card. Normally codes as grocery, but shows up as a super center now? Anybody else having an issue with this?

CHRIS
Guest
CHRIS

Fm: side question…
I want to buy something online..from office depot.
I saw on ink ultimate rewards mall, office depot is 5x extra.

If i buy 100 worth of product, do i get 5x from ultimate mall + 5x ink bold or just 5x?

thks!

FrequentMiler
Guest

CHRIS: You will get 10X total.

Rob
Guest
Rob

FM,
I recently noticed a change on the UR portal saying as of 11/01/12 Sears Gift Cards no longer earn points on the UR portal. Do you or anyone else have experience with a purchase post 11/01/12 to see if the points posted? Your sears double dip may be gone.

Bayguy
Guest
Bayguy

Rob,

I am having the exact issue with UR now. I bought $100 Sears egift card Oct 24 and they denied points. I sent a secure message with screenshot and its now sent to next tier. Keeping fingers crossed.

CHRIS
Guest
CHRIS

FM: THANK YOU!! <– OFFICE DEPOT QUESTION.
I just login into my amex gold for small business, I have completed the 10k spending requirement today. I have 84750 rewards points….

what is the best way to utilize this point?
wait and transfer it to airline?

FrequentMiler
Guest

CHRIS: Yes, transferring MR points to airline miles can give you the best value. In general it’s best to keep the points as MR points until you have specific travel you want to book. That way you have the freedom to convert your points to the airline or alliance that has the best availability for the trip you want. Once exception is that often Amex offers bonuses for transfers to miles. If you know you can make use of those miles it can be worth it to take advantage of those transfer promotions

CHRIS
Guest
CHRIS

looks like amex rewards points = .50 for each points.

Rob
Guest
Rob

Bayguy,
Bummer. I hope it works out for you.

russell
Guest
russell

My Opensky purchases are arriving at home. Now just need to wait ’til after Xmas to see if the points post.

Carlos
Guest
Carlos

Points havent posted I emailed them last week. ughhh a lot more emails comin ur way

FrequentMiler
Guest

My MyPoints for this deal posted on 12/4. Just FYI

Carlos
Guest
Carlos

I did the calculations..

$100 Express for 11,850 $100 Express for 11,850 1
$100 Williams for 12,600 $100 Williams for 12,600 2
$100 Marriott for 12,600 $100 Marriott for 12,600 3
$50 Groupon for 6,850 $100 Groupon for 13,700 4
$25 Macy for 3,450 $100 Macy for 13,800 5
$50 JCP for 7,000 $100 JCP for 14,000 6
$50 Target for 7,600 $100 Target for 15,200 8
$50 Walmart for 7,600 $100 Walmart for 15,200 9
$25 Hyatt for 4,000 $100 Hyatt for 16,000 11
$25 Visa for 4,600 $100 Visa for 18,400 13
$50 Paypal for 8,900 $100 Paypal for 17,800 12

FrequentMiler
Guest

Carlos: Thanks, very helpful chart for MyPoints award redemptions!

Carlos
Guest
Carlos

On CyberMonday I spent $330 and somehow now I have 101k in my account. Cool I’ll take em.

FrequentMiler
Guest

Carlos: That’s great! MyPoints had (has?) a separate deal in which you can get double points on your first purchase. This must have been your first purchase, so you got 150X x 2 = 300X!