Shopping portals have pulled American Express gift cards, but some folks may still end up with a bunch of them for one reason or another. Simon Mall accidentally sends an American Express rather than a Visa gift card (happened to me), newbies buy them at the grocery store without realizing they’re not PIN enabled, and other have purchased them in large quantities before shopping portals decided to stop offering cash back for them and are unsure of where to go next. So how do you cash out your American Express gift cards? Here are some options:
Amazon Payments. This option is ending next month with the demise of Amazon Payments, but you still have time to unload upwards of $2,000 until then. If you’re still left with a large balance after October 13, you can head to your local Target store…
American Express for Target. This is more frequently becoming a hit-or-miss situation, but loading the American Express for Target card is still an option if you’re looking to get rid of your American Express gift cards. American Express for Target cards can then be unloaded via ATM withdrawals. Just make sure you load at the customer service desk rather than the regular check-out. Often the cashiers at check-out have no idea how to load Amex for Target cards, they’ll call a manager, and check your ID. In my experience, the cashiers at customer service know how it’s done and they’re in a rush to keep the line moving, so they don’t care to look at the card and ensure there is a name on it.
Other Visa or Mastercard gift cards. Simon Malls have clamped down on the ability to purchase their Visa gift cards with American Express gift cards. However, I have gotten reports from readers who are still able to do so from time to time. You can also try using your Amex card to buy Visa or Mastercard gift cards at your local grocery or drug store, then load those onto your Bluebird card or use them to buy money orders at everyone’s least favorite retail store.
Google Wallet. Google Wallet isn’t the cheapest option here, by any long shot. Fees are hefty at 2.9% + $0.50 but it is the easiest option of them all. You simply send someone you trust (or have them send you them money) money and use the Amex gift card to pay for it. Just make sure to leave a buffer of about $1 otherwise your payment may get declined.
If you want to unload your American Express gift cards cheaply, the best way to go is Amazon Payments. Other than that, using them to buy another prepaid or gift card is a good way to go. So if you’re stuck with thousands of dollars in American Express gift cards for whatever reason, there are several options to get your money back.
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