Initially I didn’t see the offer on many of my cards so I went ahead and started adding random offers, logging out and then it finally showed. Turns out AmEx will only show 100 offers at a time. As you move more offers to the accepted category it will populate the offers again. I added 23 offers before the In-Kind offer showed up. Last night I was able to send myself a $50 gift card, but I don’t see that option today. Maybe they got wise on it.
What is interesting about the prepay model is that “In-Kind” is a micro lender for these restaurants, in the comments section one reader of Frequent Miler writes:
I’ve been doing some reading on in-kind and its a really interesting business concept. They are able to sell discounted credit because they buy the business’s credit upfront based on their capital needs. So for example a coffee shop doesn’t want to go the traditional banking way, doesn’t want to lose equity or doesn’t want a high-interest quick capital injection, they can go to inkind and sell them credit at an agreed upon discount price and the business gets a large upfront cash inflow to cover whatever they see fit. Assuming the markup on food is sufficient, this isn’t a bad idea.Reder Max from Frequent Miler
There is an option to pay $5,999 to get $8,000 in credit. Might not be a bad idea to fund a child or employee for dining credits for the year all at a $2,000 bonus, and also to make spend on a credit card. Hope that kid/employee eats a lot. What’s the Meals and Incidentals rate for DC anyways?
In Summary I have $185 to spend: $50 using my wife’s offer sent to me as a gift code, $110 using my mom’s offer ($99 charged), and the $25 from the referral code (Thanks Dan). Looking forward to going out to dinner tonight.