Good evening everyone. I received an email from Club Carlson today alerting me that I could redeem my
beloved forgotten Club Carlson points for gift cards. I decided to check it out and see how good or bad the deal was. Spoiler alert: it is bad, really bad. You can go directly to the gift card page by clicking here and signing into your Club Carlson account.
Once you get to the gift card page, you are presented with a few retail gift cards in various denominations ($10, $15, $25 and $50). I did the math below and the results are not pretty.
Regardless of the gift card denomination, you get around 0.14 cents per point (CPP) for each redemption (that means it takes about 7 Club Carlson points to equal 1 cent). If you have a US Bank Club Carlson Credit Card, you earn 5x everywhere. In order to generate enough points for a $10 Amazon Gift Card, you need to earn 7,000 Club Carlson points. To get that many points, you would need to spend $1,400 (1,400 x 5 = 7,000). Receiving a $10 gift card for spending $1,400 is a terrible deal and equates to getting around 0.7% cash back. The math for the larger denomination gift cards is pretty much the same. The yellow cells are averages.
Long story short, don’t redeem your Club Carlson points for gift cards. If you have any extra Club Carlson points laying around, I would be happy to have them. If you have any questions, please leave a comment below. Have a great evening everyone!