When Home Depot first began offering 10X through the Ultimate Rewards Mall, the question on everyone’s mind was how best to double dip? Could we go through the mall to buy gift cards and then go through again to use them for a total of 20X? Or, what if we search GiftCardGranny.com for discounted gift cards and then go through the UR mall to use them… Would that work?
Home Depot’s Terms & Conditions within the Ultimate Rewards Mall say “Not eligible on gift cards.” I hate when vendors do that. There is no indication of whether that means you won’t get points for buying gift cards, or you won’t get points for using gift cards. In this case, sadly, it appears that both are true: no points are awarded for buying or using gift cards.
Lab Assistant Jeff tried both buying and using gift cards, but neither has resulted in points. I’ve also heard from a couple of other readers who have had similar results. So, unless anyone out there can tell me differently, I’ll declare this potential double dip dead and update the Laboratory page.
To maximize points at Home Depot, simply log into the Ultimate Rewards Mall, click through to Home Depot, and shop without gift cards. If you use your Sapphire Preferred card to pay, you’ll get a total of 11.77 points per dollar (10X from the UR mall, 1X from the card, .77X from the annual dividend).
If you want to take advantage of Home Depot’s 10X offer, you might need to hurry. I can’t find it right now on the site, but I have a vague memory of seeing a statement along the lines of “available through March 31”. That is, if my memory is correct, today may be the last day! We’ll see tomorrow…