Go Back  FlyerTalk Forums > Miles&Points > Credit, Debit and Prepaid Card Programs > Manufactured Spending
Reload this Page >

AmEx for Target: $400/week credit card ATM withdrawals for 1.3%+ in certain cities

AmEx for Target: $400/week credit card ATM withdrawals for 1.3%+ in certain cities

    Hide Wikipost
Old Dec 7, 14, 10:52 am   -   Wikipost
Please read: This is a community-maintained wiki post containing the most important information from this thread. You may edit the Wiki once you have been on FT for 90 days and have made 90 posts.
 
Last edit by: weezl
Wiki Link
please be aware the Target breach cards are currently on the black market, as always be aware of activity on all accounts

Purchase in store. Each store seems to have just one lane that has them on display (unlike the AMEX GC which are at most lanes). Package is larger than other gift cards, silver and red.

Not available in all states. Search here for possible locations

Note: Unlike AMEX's restriction on BB/Serve/Redbird where one person can only hold one of those, you can have an AFT (2, actually) while holding a BB, Serve, or Redbird

Need DL to purchase.
Max 1 purchase per ss# per day--this means one person can actually have 2 AFT cards, which is why there is a $5000 total limit for 2 cards (see below).
Max initial load $500 + $3 load fee.

May reload temp card as soon as verification of identity is complete, may take 48 hours. You can use an ATM with a temp card as soon as you're able to view your temp card PIN online. If you're unable to view your PIN online, you won't be able to use an ATM until you have the permanent card, which takes about two weeks.

Many stores now limit reloading to the service desk, and no longer at cashiers. The card must be swiped at a cash terminal to reload, not scanned! Ask cashiers to try if they don't seem to recognize the card. Ask if loading at service desk is a policy, it might just be a knee-jerk response from cashiers that don't know about the card. I have been told that a few times, "You need to go to the Service Desk," it has never been true. Say please and thank you.

Limits & Fees
Loading
Codes as purchase on all cards.
Load fee $3
Max $1000 per card in 24 hour period.
Max $5000 total for both cards per 28 day rolling period.
May load any card *until* balance is $2500 for 28 day period (not *up to*)

System will allow a $1000 load on a card with a $2000 balance so long as you are under $5000 for all cards over 28 day period. See below for optimal load sequence, $15/$5k a month after 1st month and $15k in 65 days for new cards.

Unload via ATM
Max $400/card/day (resets sometime in the wee hours of the morning)
First ATM w/d per month per card is free, based on 1st of the month (not rolling)+ any ATM owner fee.
Additional ATM w/d fee $3 + ATM fee.

When asked 'from account' choose 'checking.'

Possibly helpful link:
Free and Low-Cost ATMs

Unload by purchases
No fee. No cash back.

Additional information

Optimal load pattern for least number of $3 fees after first $500 load is $3k/$2k.
New accounts can load $15k in 65 days. 4 trips in a week for new cards, 3 in a week once a month after that.

Load always means load $1000. 28 day load total in parenthesis. 'Dropped' means that load is past the 28 day mark.


Day 1: Purchase card #1, load $500
Day 3: Purchase card #2, load $500; Load card #1 ($1500)
Day 5: load card #1 ($2500); load card #2 ($1500)
Day 7: load card #2 ($2500)
*********************************wait************
Day 29: ($2000)($2500) day 1 dropped
Day 31: ($1000)($2000) day 3 dropped
Day 32: load card #1 ($2000) ; load card #2 ($3000)
Day 33: ($1000)($2000) day 5 dropped
Day 34: load card #1 ($2000); load card #2 ($3000)
Day 35: ($2000) ($2000) day 7 dropped
Day 36: load card #1 ($3000), ($2000)
*********************************wait************
Day 61: load both cards, day 32 dropped
Day 63: load both cards
Day 65: load one card.

Repeat Loads waiting 29 days between loads, if you loaded both cards 29 days ago load both now, if you loaded one card, load one now. So next load date is 61+29= Day 90

FAQ

Q: Will this show up as a CA?
A: No, Target is not a financial institution.

Q: Even with xxxx cards?
A: Yes, no cards will be charged a CA.

Q: Can I load with Visa/MC/Amex Gift Cards?
A: Yes. Also the balance can be detected and drained if you ask to load more than the value on a prepaid it will just prompt you to give a second payment form. Great for draining random balances.

Q: How about Target gift cards?
A: The register prompts not to allow Target gift cards. They may not be hard coded, though.

Q: Will I get 5% off if I load with a Target Red card?
A: No. Sorry, I wish.

Q: Can I load multiple cards in one transaction?
A: Yes. Up to 3 cards can be loaded in one transaction, but each card will be charged $3.

Q: Why load multiple accounts in one transaction?
A: to avoid multiple $1003 transactions on same CC in minutes. This may trigger a fraud alert.

Q:Is there a max number of payment swipes?
A: Yes. Maximum swipes for split payments is 7, though other users have reported being able to swipe at least 10 gift cards for payment without problems.

Q: Any reason not to load multiple cards in one transaction?
A: Yes, when you have multiple small value gift cards to unload because of 7 swipe limit.

Q: The title says withdrawals are 1.3%, is that true?
A: No. Do the math. I'm not very good at math. Under 1.3% includes Costco ATM fees. It is not possible to edit a thread title, the fees are lower due to the ATM limit now being $400.

Q: What are the lowest possible fees with a fee-free ATM available?
A: For 2 cards, each loaded with $2.5K each over 2 months ($10K in total), you would pay $30 in loading fees (10 load fees of $3 each) and $63 in ATM fees (25 total withdrawals, with 1 free withdrawal per card each month, resulting in 21 ATM fees of $3 each).


Official fund loading from T&C

You may load funds to your Cards using your Funding Source until the Available Funds on any Card purchased by you equals $2,500 and on all card purchased by you equals $5,000... Not more than $1,000 may be loaded to any Card purchased by you in a 24 hour period using your Funding Source, not more than $5,000 may be loaded to all Cards purchased by you in any 28-day period using your Funding Source.

IMPORTANT MESSAGE IF YOU LOADED YOUR PREPAID CARD AT TARGET DURING THE CHRISTMAS SECURITY BREACH: It is important to have AMEX reissue your cards (just phone the number on the card and ask for a new card). Thieves have the numbers and pins and can drain your account at any time. AMEX does not appear to be using software to block suspicious activity, so they can drain it all. If you loaded your prepaid card at Target between November 27 and December 15, 2013, you are at significant risk of having your money stolen (several reported cases in April and May).
Print Wikipost

Old Dec 30, 12, 11:29 pm
  #181  
 
Join Date: Sep 2012
Posts: 4,385
Originally Posted by booyaa View Post
Exactly. I consolidated almost 30 rebate cards using Target Amex. Went to CS counter to do it so wouldn't hold up checkout line. Then used Amazon Payments to cash out. Pretty painless. $3 well-spent IMO.
You used the Target AMEX to fund Amazon Payments? That's a pretty good idea, I hadn't thought of that. But isn't this a way to get the good ol' AMEX FR if you load $1000 and then pay $1000 in a short amount of time?
DaveInLA is offline  
Old Dec 30, 12, 11:47 pm
  #182  
 
Join Date: Dec 2009
Location: ROC
Programs: Anything CC gives me
Posts: 1,112
Originally Posted by DaveInLA View Post
You used the Target AMEX to fund Amazon Payments? That's a pretty good idea, I hadn't thought of that. But isn't this a way to get the good ol' AMEX FR if you load $1000 and then pay $1000 in a short amount of time?
I used it for some small regular purchases at Target too. And I am not doing some crazy withdrawals like some people are. Everything in moderation. My purpose of getting the Target Amex was solely to consolidate and cash out rebate cards, and since rebate cards come in such small amounts, it's only once in a while I get enough to go load $1000.
booyaa is offline  
Old Dec 31, 12, 12:04 am
  #183  
 
Join Date: Sep 2012
Location: LAX
Programs: AA EXP, HH Diamond
Posts: 294
Originally Posted by Nottafatslob View Post
But how would you get the money off there without paying over 1% to make it worth it? Will the question have to me asked for weeks and months?
Same question I've been fiddling with as well. Like others have mentioned, I used this to help meet my minimum spend for a mini-AOR I just did.
StephenW is offline  
Old Jan 1, 13, 3:20 pm
  #184  
 
Join Date: Sep 2009
Posts: 1,758
Can you load this with a BB?
QL_714 is offline  
Old Jan 1, 13, 3:22 pm
  #185  
 
Join Date: Oct 2011
Posts: 4,167
Originally Posted by QL_714 View Post
Can you load this with a BB?
Why would you want to?
Superorb is offline  
Old Jan 1, 13, 3:29 pm
  #186  
 
Join Date: Apr 2005
Location: Dallas, TX
Posts: 442
  • Pin is for ATM use only and not for POS transactions.
  • Cannot use to load BB.
ferrari_fan is offline  
Old Jan 1, 13, 3:47 pm
  #187  
 
Join Date: Jul 2007
Programs: Marriott Platinum
Posts: 265
Originally Posted by QL_714 View Post
Can you load this with a BB?
no, you cannot. I tested this out personally, and it's a no-go. need to figure out another way to liquidate.
the_jaguar is offline  
Old Jan 1, 13, 4:03 pm
  #188  
 
Join Date: Apr 2005
Location: Dallas, TX
Posts: 442
GC=>AFT=>VR=>BB
ferrari_fan is offline  
Old Jan 1, 13, 4:36 pm
  #189  
 
Join Date: Aug 2007
Posts: 210
AFT=>VR - will they (stores that insist on cash or debit) accept this prepaid card as a payment for VR purchase?
sktnyc is offline  
Old Jan 1, 13, 4:59 pm
  #190  
 
Join Date: Apr 2005
Location: Dallas, TX
Posts: 442
Only if you trick it/negotiate it There are stores and gas stations that don't accept GC but do accept CC. This comes in handy there.
ferrari_fan is offline  
Old Jan 1, 13, 5:46 pm
  #191  
 
Join Date: Oct 2012
Posts: 968
Originally Posted by booyaa View Post
Exactly. I consolidated almost 30 rebate cards using Target Amex. Went to CS counter to do it so wouldn't hold up checkout line. Then used Amazon Payments to cash out. Pretty painless. $3 well-spent IMO.
Painless? Not for me. About a month ago I tried to load 5 $200 gcs and it was bloody blue murder. 4 employees plus 2 managers couldn't figure it out. 20 minutes later finally loaded each card - and I paid the $3 fee for each - I just wanted out of there and didn't argue.

It's hit or miss with Target. Mostly miss. If I had VRs available, I'd never use AEFT (American Express For Target). Still hoping fervently that VRs hit NorCal one day...so tantalizing to walk into my CVS and see 3-4 empty slots where they "should" be...
farwest101 is offline  
Old Jan 1, 13, 5:55 pm
  #192  
 
Join Date: Oct 2011
Posts: 4,167
Originally Posted by farwest101 View Post
Painless? Not for me. About a month ago I tried to load 5 $200 gcs and it was bloody blue murder. 4 employees plus 2 managers couldn't figure it out. 20 minutes later finally loaded each card - and I paid the $3 fee for each - I just wanted out of there and didn't argue.

It's hit or miss with Target. Mostly miss. If I had VRs available, I'd never use AEFT (American Express For Target). Still hoping fervently that VRs hit NorCal one day...so tantalizing to walk into my CVS and see 3-4 empty slots where they "should" be...
At least you have CVS stores, there are NONE in my state
Superorb is offline  
Old Jan 2, 13, 11:05 am
  #193  
 
Join Date: Oct 2012
Posts: 968
Originally Posted by Superorb View Post
At least you have CVS stores, there are NONE in my state
A CVS without VRs is the same as no CVS.


For the time being, slogging on with the AEFT will have to do.
farwest101 is offline  
Old Jan 2, 13, 11:37 am
  #194  
 
Join Date: Jul 2010
Posts: 106
Originally Posted by ferrari_fan View Post
GC=>AFT=>VR=>BB
Not a bad idea... although a bit convoluted. Requires a few visits to Target and CVS to liquidate a big amount.
vacaloca is offline  
Old Jan 2, 13, 11:39 am
  #195  
 
Join Date: Oct 2011
Posts: 4,167
Originally Posted by farwest101 View Post
A CVS without VRs is the same as no CVS.


For the time being, slogging on with the AEFT will have to do.
There's a better chance your existing stores will begin to carry beans than there is that CVS will begin building stores in CO
Superorb is offline  

Thread Tools
Search this Thread
Search Engine: