How Can I Exchange My American Express Gift Card For Cash
There are a few options to get cash for your AMEX gift card.
What Is An American Express Gift Card
An Amex Gift Card is a prepaid payment card preloaded with a selected US dollar amount. It can be used in any online webshop in the US that accepts Amex Gift Cards as payment and unlike traditional credit, debit, or charge cards, it comes with no usage fees! Just shop online with secure prepaid funds until the cards balance reaches zero. Amex lets you pay simply and with confidence online.
Why Cant I Use My American Express Gift Card Online
American Express Gift Cards are pre-paid cards that can be used for in-store and online shopping almost immediately after their purchase. In the past, to use your American Express Gift Card online, you had to follow a registration process to add your billing address to the card. That is no longer the case.
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Know The American Express Gift Card Restrictions
While you can use your American Express gift card anywhere American Express is accepted, there are a few limitations with Amexs prepaid cards.
- American Express gift cards may not work for paying at the pump. When you pay at the pump, the gas station will obtain authorization for higher amount . If you have limited funds on your prepaid card, it will get declined. Its better to just prepay the clerk inside the station if your balance is running low.
- ATM withdrawals are not permitted. Additionally, you cannot return or cash in your American Express prepaid card for any cash value.
- Recurring billing or payments cannot be paid with an American Express prepaid gift card. This may include phone or utility bills, subscription box services, streaming services, gym memberships, or other products or services that are auto-billed.
- Reservations or deposits cannot be paid with a prepaid gift card, including cruise lines, airfare, car rentals, or hotel stays.
- No reloads. You cannot reload an American Express gift card.
- Fee to reload prepaid Amex cards that are not gift cards. You can reload some prepaid cards for a fee. Usually the fee is around $3.95 a month but it can vary at certain participating locations. There also may be monthly card maintenance fees.
Online Activation And Balance Checking
Personally, I think online activation is the easiest route. The American Express balance checking page also doubles for card activation.
Visit the American Express Balance page to sign in and activate your card. The website should prompt you to enter in your 15-Digit Card Number, Expiration Date, and 4-Digit Card ID.
Once you sign in your card has been activated.
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Can I Return A Store Gift Card That I Dont Want
There are not federal or state laws that dictate whether or not a gift card can be returned so it is up to each merchant to set that policy. Most store and restaurant gift cards that I see have terms printed on the card, on the packaging or on a website that say, This card is non-refundable and non-returnable.
I have seen, however, that some stores will allow you to return a gift card within a short period of time after purchase so long as you have the purchase receipt and havent used the card. Target, for example, has a generous return policy.
The Target.com FAQ says, Physical Target GiftCards can be returned in store with a receipt if unused and Your Target® Visa®, Mastercard® or American Express® Gift Card can be returned to any Target store with a valid, original-purchase receipt. Your card must be new, unopened, contain all original packaging, and must be returned within 90 days of purchase.
Still, this is an exception. Even Nordstrom, the department store well-known for having a generous customer return policy says, Gift Cards may not be returned or applied as payment on any account.
If you have a store gift card that youd like to return, check the back of the gift card for terms and conditions, check the retailers website for information or drop by the store to ask.
If you are willing to accept less than face value for the gift card, then you could sell it to a gift card reseller for cash instead.
How To Use Your Amex Egift Card For Online Purchases
Your American Express Gift Card is ready to use in seconds after you receive it from Dundle . To pay with it, simply enter the card code, security code and expiration date when checking out on US websites that accept American Express gift cards. If you would like to register your card, please visit AmexGiftCard.com or call their customer service at +1-888-846-4308.
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Summary: American Express Gift Cards
Here is everything you need to know about your American Express gift card.
- You can purchase AMEX cards at most retailers. However, Walmart seems to be the retailer with the lowest purchase fee.
- You shouldnt have to activate your AMEX card, but you can call the number on the back of the card to do so. Online and phone activation are also possibilities.
- To check your AMEX gift card balance, check American Express Balance page.
- Unfortunately, you cannot add funds to your AMEX gift card.
- You can use AMEX gift cards anywhere American Express is accepted.
Do you have any other questions? If so, let me know in the comments below!
American Express Cash Advance Fee
When you take out a cash advance on your Amex credit card, youre required to pay $10 or 5% of the amount, whichever is greater. Heres how expensive that is.
Lets say you need some cash for dinner at a venue that doesnt accept your Amex. When you withdraw $30 in cash from a nearby ATM, the cash advance fee would be $10. This means American Express will charge you $40 for just $30 in cash.
Note that this doesnt include the ATM fees or the interest that accrues before you pay your credit card bill. You could easily add another $3 to $5 in ATM fees, bringing your total to a $45 charge on your credit card for $30 in cash. Thats before you add in the high interest rate, which is calculated from day one.
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Swap Your Mastercard Visa Or Amex Gift Card For An Amazon Gift Card
At this point, you could start using your Mastercard, Visa or for purchases on Amazon. The problem is, though, that Amazon doesnt let you divide purchases among multiple cards. So if you have a $30 gift card, you cant make purchases for more than $30. And if you make a purchase for less, youll be stuck with a small remaining balance that is even more difficult to use.
The trick to get around this is to use your Mastercard, Visa or Amex gift card to buy an Amazon gift card. With Amazon gift cards, the full amount can be credited to your purchase, and any additional funds required can be paid with your regular credit card.
How To Use An American Express Gift Card
You can use an American Express Gift Card anywhere in the US where it is acceptable. Banks, restaurants, coffee shops, gas stations, and retailers are well-known places for using Amex gift cards. You can also use it for purchasing regular items online.
How to Use It
On the backside of the card, sign your name in the signature panel. Make a purchase then give the card to the clerk so that he can swipe it through a card reader. Otherwise, put the card number for online purchase. Set the card type as Gift Card if no option for Gift Card set it as a credit card.
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One: Find Out If Your Prepaid Card Can Be Used Anywhere Or Is Limited To Participating Merchants Only
Visit your prepaid card companys website and look at the cards features. Can it be used anywhere that regular debit cards are accepted?
For example, certain cards have the following features:
The Card can be used to purchase merchandise and services anywhere Visa debit cards are accepted in the United States.
However, other cards are only limited to participating merchants:
Your Card can be used to purchase merchandise and services at any grocery store, specialty foods store, food truck or online food retailer in the US where Visa debit cards are accepted.
If your card can be used anywhere in the United States , then you can move on to step two. Otherwise, read our section on transferring gift card balances to your bank account.
Register Your Mastercard Visa Or Amex Gift Card With The Issuing Bank
If your card doesnt already have your name and zip code associated with it, youll need to do that through the financial institution that issued the card. Sometimes there will be a registration URL on the back of the card. If not, look for the name of the institution on the card and then Google gift card registration. That should get you to the right site. If it’s an Amex gift card, use this link. Once there, youll be asked to verify the card info, and then youll have the option of registering the card with your name and address. This is also a good time to confirm the available balance.
Send Cash With American Express Money Transfer And Western Union
Western Union will handle the transaction by telephone and charge it to a MasterCard or VISA card. The service is better domestically than overseas. Maximum amount: $1,000.
Advantage: If the recipient has no identification, WU will ask an identifying question before completing the transaction.
American Express can send up to $1,000 in cash or traveler’s checks anywhere in the world overnight. A personal check will be accepted if the sender has an American Express card.
Otherwise, cash or a certified check only.
Wire transfers can be made by banks, but they don’t like to do it for small amounts. Major drawback: It can take as long as three days for the money to become available. Best use: Backup for American Express or Western Union if large amounts of cash are needed.
Postal Service money orders and certified or cashier’s checks can also be used. Drawbacks:
Delivery is unpredictable unless the Express Mail premium is paid it’s limited to the U.S.
Reminder: Never send a personal check. Few out-of-town banks will cash one. If they do, they will hold the funds until the check clears, often a week or more .
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Why Does The Code Never Work
The most common reasons why American Express Gift Card Fee Waiver code doesn’t work include: the code has exclusions, the code may have expired, the code is non-transferrable or may only be able to be used once. Its also likely that your purchase didnt meet the requirements of spending a certain amount.
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What Is The Best Way To Convert American Express Gift Cards To Cash
With Prepaid2Cash, you can easily, conveniently, affordably, and securely convert your network branded prepaid cards into cash using an app-based service. You can deposit cash directly into your bank account within 3 business days by downloading the app, scanning your prepaid card, and using the app.
How To Check An Amex Gift Card Balance
It is easy to check the Amex gift card balance using a phone or computer. The process is super easy. It is necessary to check the balance when you want to barter the card for buying goods. So, first, confirm your current balance then decide to buy.
Checking Amex Gift Card Balance
To check the balance, simply just call the number on the back part of the gift card or visit the official American Express Gift Card website. Just enter gift card information and PIN. To check the balance online, go to the Balance Check Page, then enter the card number. Prove that you are not a robot, then continue. For further queries, get help from a representative by calling a toll-free number 888-846-4308.
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Four: Link Your Bank Account To The Prepaid Card By Providing The Routing Number And Account Number Of Your Bank Account
To perform the transfer, most prepaid card providers will ask you to link your bank account by entering your bank accounts routing number and account number.
Your routing number is a 9 digit number that tells you where your bank account was opened. One place to search for it is at the bottom of your checkbook.
Its also known as your ABA or RTN number.
Make sure you have this ready. If you dont have the routing number of your bank account, check with your banks website.
Most banks have a page where all their routing numbers are listed. Have a look at U.S. Banks website for example.
Can I Get Cash Back After I Used Most Of The Gift Card
In some states, if the balance of a store-issued gift card falls below a certain threshold, the merchant is required to redeem the gift card for cash upon request. In California, for example, a gift card under $10 can be refunded. In Maine and New Jersey, the limit is only $5. In both cases, the gift card balance must previously have been above the balance threshold.
Please note, the rules do not apply to gift cards that were received via donation or as part of a reward, loyalty or promotional program. These rules do not apply to Visa or Mastercard gift cards either.
How to get the gift card balance back in cash: Use the list belowstate laws that require merchants to cash out gift cardsto find out if your state requires stores and restaurants to give cash back when gift card balances drop. If so, then pay attention to the transaction when you redeem your gift card. If the balance falls below the cut-off line, ask the cashier to pay you the balance of the gift card in cash. Some will do it automatically and others will have to call the store manager to find out how to do it.
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Ways To Spend The Remaining Small Balance On A Gift Card
by Lauren Bennett – Last Updated May 20, 2021
What to do with gift cards with low balances?
It seems like most people just forget about them and let them go to waste . According to statistics, billions of dollars worth of gift cards go unused.
Crazy, but true!
The problem with gift cards is that we often end up with a little bit remaining on our balance.
Lets say you have a $30 gift card for a clothing store, so you buy a sweater for $25. Youve still got $5 left.
What do you do with a small balance like that?
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It would be nice if there were combine gift card apps that would let you combine balances from a few different cards into one bigger balance that you could use to shop with, but sadly thats not an option.
Fortunately, there are a few ways to use the remainder of a gift card, even if it only has a small balance like just a dollar or a few cents!
Below, we tell you exactly how to use the remaining balance on a gift card, even if that balance is teeny!
What Other Gift Card Hacks Can I Try
If you really feel stuck with a gift card that has almost no money on it, dont give up hope or just throw the card away. Try this list below to see if one of the suggestions is a better fit for you:
Ask the Cashier While your state may not require merchants to cash out gift cards, some stores have adopted the policy anyway. When using a gift card, ask the cashier if you can have the balance in cash. You might be surprised.
Buy something more. This isnt my favorite choice, but I would rather spend a few extra dollars than hold onto a bothersome balance that I may forget to use or get tired of carrying in my wallet. When at the cash register, throw a pack of gum on the conveyor belt or add a candy bar to the total. Spend as little as possible to get above the gift card balance so the card will be fully redeemed.
Apply it to your account. If the merchant allows you to add a gift card to your online account before redeeming it, then simply redeem the card, add the balance, and apply it to a future purchase. Amazon and iTunes both work this way. You can redeem a gift card and then just chip away at the balance every time you make a purchase until the money is gone.
Buy a Store gift card with a Visa gift card. Though many retailers will not allow you to buy a store gift card with a store gift card, they may allow you to buy a store gift card with a Visa gift card. Ive done this both online and in stores.
Happy Gift Carding!
~Shelley Hunter, Gift Card Girlfriend
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