I would consider myself a gadget freak. One of the benefits of being an entrepreneur is that buying gadgets that are used for business purposes is tax deductible. However, getting the latest cool gadget, the iPhone 3GS-for free-is even better. Here's how I did it.
I bought the first generation iPhone for $500 and I thought it was really expensive (comparatively between weight and cost) but I wanted it bad enough to pay for it. I have had the original iPhone for almost 2 years now.
About 4 months ago, I was perusing the American Express Awards website to see what gifts I can get for our team and stumbled upon an Apple Store Gift Card offer. They had a $300 Apple Gift Card that I could use our points to buy and we had close to a million points at one time.
I bought the card with our points and was about to trade it in for the 3G but found out the same day that the 3GS was coming out soon so I waited and waited and waited. Finally today after dinner, I went with my boys to the Apple Store to proudly trade in my gift card for the new 3GS 32GB Black color iPhone.
Here is how we as a business can get so many points from American Express: We charge as much stuff on our credit card as possible. Every dollar we charge is an award point we add to our arsenal of points.
For example, we charge all of our Internet Marketing with Google, Yahoo and Bing through our credit cards. Each year we rake up hundreds of thousands of points from American Express from just this alone, and we use the points to buy gifts that we can give to our associates or clients. If possible, pay your phone bill or any vendors with credit cards. Don't pay with checks if you can pay with credit cards. (Just make sure to pay off your bill every month.)
After you start doing this for a few months with your business expenses, it will add up very quickly and your iPhone 3Gs will be waiting for you.