How I earned 5x points and saved a little money stocking up on Disney gift cards

Mar 29, 2021

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

It feels like we’re on the cusp of a return to travel in a pretty major way. After a very light to non-existent travel schedule over the last few months, my family now has a comparatively full agenda in the spring and summer. On that travel to-do list is our happy place, Disney World.

To save money on that upcoming trip to Disney, and start racking up more points for the trips that will follow, I decided to utilize this quarter’s Chase Freedom Flex 5% cash back (5x) bonus category at wholesale clubs by purchasing some discounted Disney gift cards at Sam’s Club. There is a $1,500 quarterly max for the 5% cash back (5x bonus points), and you must have registered for the quarter’s bonus by March 14. But while I had registered in time, I hadn’t really charged any expenses to this card in the 5x bonus categories of wholesale clubs, internet, cable, phone services and streaming.

Because of that, I had a lot of spending I could do (before the quarter ends on March 31) to earn 5x on theme park expenses I know I’ll have a few weeks down the road.

Want more travel news and credit card advice from TPG? Sign up for our free daily newsletter!

Warehouse clubs have discounted gift cards

If you don’t frequently shop in-store or online with warehouse clubs such as Costco or Sam’s Club, you may not yet know that in addition to industrial-sized boxes of mac and cheese and jumbo packs of granola bars they have discounted gift cards to a variety of retailers and attractions. This can include travel brands such as Southwest Airlines, Amtrak,, Airbnb, Alaska Airlines and … Disney.

(Photo by Summer Hull/The Points Guy)

The percentage of the discount varies depending on the gift card, but when it comes to Disney, saving some money is better than no money. To put exact numbers to it, currently, a $500 Disney gift card at Sam’s Club is going for $484.98. Saving $15 on $500 I know I’ll spend on Disney resort hotels, food, tickets, etc. is nice, but that amount by itself may not be enough to make me jump through the extra hoops of ordering and keeping up with gift cards.

However, saving $15 per $500 and taking on earning 5x points that I value at 2 cents each is enough for a little extra hoop-jumping.

Related: How to use points to pay for Disney tickets 

Use Freedom points with the Chase Sapphire Preferred Card or Chase Reserve

By themselves, points earned with the Chase Freedom Flex are worth 1 cent each when redeemed towards gift cards, etc. If you only have the Freedom Flex they can’t be transferred to Chase Ultimate Rewards hotel and airline partners.

However, if you have the Freedom Flex and a card such as the Chase Sapphire Preferred® Card or Chase Sapphire Reserve®, you can transfer the points you earn with the Freedom Flex to your Sapphire Preferred or Reserve account to make them more valuable.

For example, you could then redeem them at 1.5 cents each towards travel booked in the Chase Travel site. Or, you can do what I’m most likely to do, and transfer the points to Chase partners such as Hyatt, United, etc. when there’s an award redemption I want to maximize via one of those programs. A perfect example of this is when I recently transferred Chase points to Hyatt to book the ski-out Park Hyatt Beaver Creek hotel when cash rates were $1,000+ per night.

(Photo by Summer Hull/The Points Guy)

Assuming I redeem these points for at least 2 cents each in value (which I usually do), then that means by purchasing Disney gift cards in this way I not only saved some money but earned 10% back in travel rewards for a future trip at the same time.

Related: These are the best credit cards to use for theme parks

Bottom line

Even if I maxed out $1,500 in 5x spending this quarter in this manner, that still ‘just’ results in earning 7,500 points. Even factoring in saving some money along the way, that’s not likely to be a life-changing event. However it’s small tweaks in how you spend your money, such as this, that can really ramp up your points strategy over time.

A final piece of advice if you do something similar is that paying for goods or services with a gift card obviously means you have fewer protections and less flexibility than if you just paid with a credit card.

In this case, even if my upcoming Disney trip falls apart, I know I can use the gift cards at a later date. I also don’t need the valuable built-in travel protections a credit card can offer on an airfare purchase for Disney churros, t-shirts or to pay off a Disney hotel room balance so I felt OK stocking up a bit of Disney gift cards knowing my own personal travel patterns.

Featured image by Matt Stroshane/Disney Parks

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points


CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
  • Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
Regular APR
15.99%-22.99% Variable
Annual Fee
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below 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.