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Old Apr 16, 14, 2:35 pm   -   Wikipost
FlyerTalk Forums Thread Wiki: TopCashBack: 2.25% on Amex Gift Cards, but changes in fees, BigCrumbs 2%.
Please read: this is a community-maintained wiki post containing the most important information from this thread.
 
Last edit by: xoxx

UPDATE 4/16/14: Barclay is 2x, Alaska is 1x, Delta is 1x, TopCashBack is 2%, BigCrumbs is 1.2% + 0.2% (referrer) + 0.2% (2 deep referrer), BeFrugal is 1%

For other cash back or airline portals, check here: http://www.cashbackmonitor.com/Cashb...erican+express

CAs on:
- Citi (including Citi AA Executive)
- First Bankcard (La Quinta CC)
- Some US Bank cards
- Discover More (3/10/14)
- Note: reps will often claim a charge was declined because it exceeded your CA limit. This is NOT sufficient to update this list or assume it will post as CA. For example, with Discover some of us have found you just need to lower the purchase amount to get Discover to approve the charge, but it ultimately posts as a purchase.

Recently shown as a purchase on:
- All Chase cards
- All BofA cards (Alaska, Hawaiian, Travel Rewards)
- All Barclays cards (Arrival, Lufthansa, Sallie Mae, Travelocity Amex, US Airways)
- All American Express cards
- HSBC
- CapOne Venture (12/29)
- US Bank Club Carlson (11/19)
- Discover (see note above)

FAQ

How do I set PIN on AMEX Gift Cards and use as debit to load Bluebird, buy MOs, etc.
You cannot set PIN or use them as debit to load Bluebird, buy MOs, etc. You can only use them as credit where AMEX is accepted.

How do I cash out AMEX Gift Cards?
Use manufactured spend techniques (buy Visa/MC GCs, VRs, AFT, etc.) or normal spend where AMEX is accepted.

Why buy AMEX Gift Cards then?
To reduce the cost of manufactured spend, to mask your manufactured spend (i.e unusual high spend at Target or CVS), earn additional cash back on spend, or meet minimum spend targets faster.

Next day shipping that isn't?
The next day shipping is from when they ship the cards to UPS, which can be as long as 10 days from the order submission. More recently this has been under a week. For next day shipping, you are notified late night (once your card finishes processing, see above) and the package arrive that same morning before 10:30AM in your area.

What is with the charge disappearing from my credit card?
Once the order is placed you will see a pending charge on your CC account. Quite often once the card ships this pending is removed but does not show as a charge. Don't panic (or celebrate) it will show up as a charge within a day or so.

Personalized GCs?
Either Biz or Personal CC can be personalized with your name. This helps when shaky cashiers who demand to see your card are prevalent. These take approximately 4 biz days to arrive compared to the non personalized which arrives as quickly as the next day.

Tracking?
If you logged in to your AMEX account when placing the order you can get tracking info by logging in to your AMEX account and clicking on cards > gift cards > order history > order details. Unfortunately tracking information may not appear until well after your order has shipped so it's best to sign up for UPS My Choice to get faster tracking info and reroute your package if needed. Since UPS likes to drop your package off at the door if you're not home, it will be useful to know when your package will arrive.

Why didn't I get cash back on the full amount?
If you use a fee-free code, then the cashback portal will track on the gift card amount minus the normal $3.95 fee. For example, if you buy a $1000 gift card and use the fee-free code, the portal will track on $996.05.

The portal terms indicate that purchasing denominations > $500 and/or using coupon codes not listed may invalidate cash back. Is this true?
Historically this not been enforced, but there is no guarantee this will continue. If your order does not track properly you may be out of luck. Proceed at your own risk.

Why was my purchase declined by AMEX?
There are several possibilities:
- Your billing address does not match 100% with what the credit card company has on file. This could be anything from apt/suite/condo # on the wrong line to zip code requiring 9 digits instead of 5. If your first purchase does not go through, call your bank or login to your acct to verify that this matches what you used.
- You have gone over the $5k every 14 day limit on personal gift card purchase.
- Even if you are sure the first two are correct as you have ordered before on that card and it's been more than 14 days, you might still get declined. No one has any idea why.
- You placed a business order and you don't really have a business (at some point AMEX does a background check for a valid business).

Can I order from the business side using a personal card? Or does it need to be a business card?
You can use whatever credit card you want to pay for business or personal orders. About the only restriction is you can't use an AMEX GC to buy another AMEX GC.


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Old Nov 30, 12, 3:26 am   #1
 
Join Date: Feb 2009
Posts: 2,163
TopCashBack: 2.25% on Amex Gift Cards, but changes in fees, BigCrumbs 2%.

Update Oct 22:
There are reports that purchases with Chase credit cards are posting as cash advances.

Update 3:
Bigcrumbs is now offering the gift cards at 2% cash back.

Update 2:
There is anecdotal stories that Top Cash Back has not been paying out for purchases of Amex gift cards. Their site currently states that they are no offering cash back for these gift cards.

Currently purchases via Big Crumbs are posting in 7-10 days. If your purchase has not posted within 14 days you can submit a ticket. They will verify your click-through and typically post the purchase within a day or two after receiving your ticket.

Some member have reported success liquidating Amex gift cards at CVS to purchase vanilla reloads. You might want to test this option with your local store as some cashiers want the name on the card to match your credit card. They will type in the last four digits of your card during the purchase.



Update:
Cash back rate is currently 1.4%. Historically the rate changes very little over the year until November and December. These can be used on Amazon Payments and other methods to liquidate. I would suggest entering in your cards information with the wrong expiration date, saving the card, and then updating to the correct expiration date to avoid the $1 temporary hold so that you can liquidate all funds on the gift card. I always suggest reading the most recent posts to keep up to date before making a large purchase. The most recent posts usually contain either shipping or fee codes. These codes tend to come in emails put out by American Express. Something most if not all bloggers will not mention is that these cards come by UPS and are dropped off on your doorstep without having to sign. So please be aware of this. Though, there have not been any issues with this posted on Flyertalk.





Bigcrumbs just bumped the cash back up to 2.25%!! Even higher than the black friday 3 day special. Special shout out to Judy who was my referral for posting about the jump in cashback over black Friday weekend.

I believe the black friday weekend special was fee-free and $3 2-day shipping, but this has changed.

Do not use a coupon code when purchasing to remove the fees, you may not get cashback. Use code WRAP12P for free standard shipping, and a backup code for free shipping is AFLQ42012. For business you can use AFLQ42012 for $5.95 off shipping.


For personal Amex Gift Cards the max per order is $5k. So I would suggest to maximize purchasing a $3k and a $2k card since there is a flat $3 shipping.

$5k * 2.25% = $112.5

$112.5 - $3.95 fee - $3.95 fee = $104.60 back per transaction

Business Amex Gift Cards

$75k * 2.25% = $1687.50

$1687.5- $98.75 fees = $1588.75

I do receive a commission for anyone who uses my link, but will help provide any answers regardless if someone uses my link or not.

I also suggest not purchasing what you cannot liquidate. AZ payments provide a fee free way to liquidate up to $3k per month. Bluebird you can purchase vanilla refills a drug stores for a nominal fee. Max load for BB per card is $5k.

Williampaid has a flat rate of 2.45% to help liquidate if you want to do some research.

In my opinion this is a great way to boost your SPG Amex spending. You maybe be taking a risk when changing your monthly spending habits with Amex. I do not know how prevalent financial reviews are on here. This is a great opportunity to get spending on your Amex Cards for points and put a little money in your pocket. There are several easy methods of liquidating these cards right now and in the end you are gaining points and liquidation methods allow for a bit of cash back.

I do want to warn that the two day shipping is dropped off at my door step. So keep that in mind. If anyone want to chime in with any mistakes or extra input go for it. The bonus posted on my Bigcrumbs account within days of reviving my gift cards. Cash back with Bigcrumbs is sent faster than any other cashback service.

I've yet to see any mention of this information on the blogs, but would appreciate a shutout to Judy who originally announced the black Friday. Seems after the Amex small business Saturday and now this.. exciting to have some great deals out there to boost spending and earn some SPG points and money in my pocket from the cash back.

Maybe others can chime in with their experiences of using services like other payment services that charge 2.4% fee, and also the limits per month for personal and business gift card orders.

Looks like the point gods have been well to us this season!!

Last edited by Astrophsx; Oct 22, 13 at 1:37 pm.. Reason: Remove referral link
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Old Nov 30, 12, 7:31 am   #2
 
Join Date: Sep 2012
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Quote:
Originally Posted by Astrophsx View Post
Do not use a coupon code when purchasing using the fee free promotional codes otherwise you will not get cashback. Use code WRAP12P for free standard shipping, and a backup code for free shipping is AFLQ42012. For business you can use AFLQ42012 for $5.95 off shipping.
Could you clarify on this a bit? You said not to use a coupon code when using these promotional codes... are coupon codes and promotional codes not the same thing? What would be an example of a coupon code?
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Old Nov 30, 12, 7:43 am   #3
 
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Originally Posted by DaveInLA View Post
Could you clarify on this a bit? You said not to use a coupon code when using these promotional codes... are coupon codes and promotional codes not the same thing? What would be an example of a coupon code?
If I understand correctly.....free shipping vs free card fees. Free shipping appears to be ok, but getting the cards fee-free can prevent the cash back.
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Old Nov 30, 12, 7:45 am   #4
 
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Can't you get much more back using other methods, 5x, citi, etc?
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Old Nov 30, 12, 7:46 am   #5
 
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Originally Posted by leftpinky View Post
Can't you get much more back using other methods, 5x, citi, etc?
Perhaps but it depends on what sort of points goal you have.
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Old Nov 30, 12, 9:29 am   #6
 
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Thanks for the shout out!
My first posting for cards from 11/24 showed up today!! Whoo Hoo!

JudyJFLA
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Old Nov 30, 12, 9:39 am   #7
 
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So when bought on an AMEX card, these count as minimum spend for signup bonus purposes?

Or is that risky if your intention is to liquidate them by bulk paypal/AP/sq/etc...?
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Old Nov 30, 12, 11:02 am   #8
 
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Just don't go opening a blog and dare them to send a lightening bolt down.

(In case you were wondering that ain't a spelling error as the poor, emaciated crowd outside the beanery can attest.)

Quote:
Originally Posted by Astrophsx View Post
Looks like the point gods have been well to us this season!!

Last edited by AlohaDaveKennedy; Nov 30, 12 at 1:06 pm..
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Old Nov 30, 12, 11:24 am   #9
 
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This is indeed a surprising development.

It seems this CB rate is in flux these days. Yesterday afternoon they briefly had it at 1.75%.

I wouldn't be surprised if the rate changes again. Given that 2.25% is the largest I've seen this in years, I doubt the change will be upwards, but, who knows...
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Old Nov 30, 12, 11:25 am   #10
 
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Quote:
Originally Posted by Stoughton View Post
If I understand correctly.....free shipping vs free card fees. Free shipping appears to be ok, but getting the cards fee-free can prevent the cash back.
I was denied cashback after using a free shipping code. Also "missing cashback" claims have to be filed promptly.
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Old Nov 30, 12, 11:26 am   #11
 
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Quote:
Originally Posted by johndoe123 View Post
So when bought on an AMEX card, these count as minimum spend for signup bonus purposes?

Or is that risky if your intention is to liquidate them by bulk paypal/AP/sq/etc...?
I've done it to get spend on my Amex cards. Just remember, Amex can trace who you spend your gift cards with, so there could be a problem.

I would not use sq or any other hand held devices. They are very particular about gift cards being used and I have since gone away from them in terms of doing this. You do not want your money to get tied up for months, which is what they will do. Simply not worth it.
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Old Nov 30, 12, 12:01 pm   #12
 
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Originally Posted by Mrgolfer21 View Post
I've done it to get spend on my Amex cards. Just remember, Amex can trace who you spend your gift cards with, so there could be a problem.

I would not use sq or any other hand held devices. They are very particular about gift cards being used and I have since gone away from them in terms of doing this. You do not want your money to get tied up for months, which is what they will do. Simply not worth it.
Amex also knows how often I use Amazon Payment as well. YMMV, but it seems that it is hard to gauge how much they go after these people. Technically they are still making $$ when you liquidate these cards. I think it's kind of like the 50k limit for spending with the Bold card, as some level there might be red flags. I personally wouldn't go out and order $30k+ in business cards.

I would always suggest doing some research if you are going to participate in a deal like this.
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Old Nov 30, 12, 12:29 pm   #13
 
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Quote:
Originally Posted by Astrophsx View Post
Amex also knows how often I use Amazon Payment as well. YMMV, but it seems that it is hard to gauge how much they go after these people. Technically they are still making $$ when you liquidate these cards. I think it's kind of like the 50k limit for spending with the Bold card, as some level there might be red flags. I personally wouldn't go out and order $30k+ in business cards.

I would always suggest doing some research if you are going to participate in a deal like this.
Yeah..i had to cut out amzn for a month...last two months i had quite a bit of spend and it was all amzn, huge red flag to get nailed.

But with 2.25% back...i'm gonna have to buy some up...I actually like using my cap 1 card for this if i have easy liquidation...2 miles per dollar and I can use that card to offset mileage runs for elite status.

I'm curious, does paypal not care how much you send if you are paying a fee? They are obviously providing the service and know you are sending money for whatever reason, but would they shut you down if you sent say $5K a month to somebody? When the fee is less 1% out of pocket, i consider it worthwhile.
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Old Nov 30, 12, 1:26 pm   #14
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Originally Posted by st.exupery View Post
I was denied cashback after using a free shipping code. Also "missing cashback" claims have to be filed promptly.
I've only failed to get my CB twice but filed claims both times and got it.

Mike
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Old Nov 30, 12, 1:50 pm   #15
 
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I've only failed to get my CB twice but filed claims both times and got it.

Mike
Back in the days of the mint there was a month where they weren't showing up for everyone. Bigcrumbs acknowledged the problem, fixed it, apologized, and if I remember correctly everyone got their money in a timely fashion.

Mine posted a few days after getting the cards in the mail this week. Usually they are a bit faster, guessing they got hit with a lot of black friday transactions?
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