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 Nov 5, 12, 8:35 pm
  #46  
 
Join Date: Aug 2010
Posts: 327
Where do you think the bloggers picked it up from

http://www.flyertalk.com/forum/miles...-cities-2.html
mshah is offline  
Old Nov 5, 12, 9:18 pm
  #47  
Formerly known as cagalindo
 
Join Date: Sep 2010
Location: MCO TPA
Programs: Citi AA/HH/TYP Amex SPG/HH & Chase SP/PC
Posts: 1,334
way to bring more publicity to it...
caGALINDO is offline  
Old Nov 5, 12, 9:40 pm
  #48  
 
Join Date: Sep 2012
Posts: 100
@daveinla My BB card came in the mail in a week (registered/requested online).
mmamminna is offline  
Old Nov 6, 12, 6:29 am
  #49  
jk2
 
Join Date: Dec 2010
Posts: 1,423
I bought Target AMEX prepaid card in Super Target using SPG Amex and purchase was NOT classified as "grocery". It was shown as "MERCHANDISE & SUPPLIES - WHOLESALE STORES".
jk2 is offline  
Old Nov 6, 12, 8:21 am
  #50  
mia
FlyerTalk Evangelist, Moderator: American Express, Citi, Diners Club, Signatures
 
Join Date: Jun 2003
Location: Miami & London
Programs: AA & Marriott Perpetual Platinum; HH Gold
Posts: 38,880
Moderator action

Two new threads discussing this product have been appended to the older discussion.
mia is offline  
Old Nov 6, 12, 10:36 am
  #51  
 
Join Date: Sep 2012
Posts: 4,384
Originally Posted by jk2 View Post
I bought Target AMEX prepaid card in Super Target using SPG Amex and purchase was NOT classified as "grocery". It was shown as "MERCHANDISE & SUPPLIES - WHOLESALE STORES".
I mentioned that my Target purchase with Visa was billed as a grocery purchase. I wonder if this is because it's a different type of Target (not Super), or do you think Visa and AMEX classify purchases differently?
DaveInLA is offline  
Old Nov 6, 12, 1:07 pm
  #52  
jk2
 
Join Date: Dec 2010
Posts: 1,423
Originally Posted by DaveInLA View Post
I mentioned that my Target purchase with Visa was billed as a grocery purchase. I wonder if this is because it's a different type of Target (not Super), or do you think Visa and AMEX classify purchases differently?
I have no idea. From my experience, if you buy only groceries in walmart or target, it would be classified as "grocery" (I checked it when I use Chase Freedom card), but if you purchase at those stores is a mixing of groceries/other stuff, it wouldn't be a "grocery" purchase. YMMV.
jk2 is offline  
Old Nov 8, 12, 1:15 pm
  #53  
jk2
 
Join Date: Dec 2010
Posts: 1,423
Originally Posted by DaveInLA View Post
I mentioned that my Target purchase with Visa was billed as a grocery purchase. I wonder if this is because it's a different type of Target (not Super), or do you think Visa and AMEX classify purchases differently?
Now I can say (checked myself) that AMEX and Citi classify Target differently - AMEX as WHOLESALE Store, Citi as "grocery".
jk2 is offline  
Old Nov 8, 12, 1:28 pm
  #54  
 
Join Date: Mar 2008
Location: DCA
Programs: DL Silver, HH Gold, PC Plat, Marriott Silver
Posts: 420
Originally Posted by jk2 View Post
I bought Target AMEX prepaid card in Super Target using SPG Amex and purchase was NOT classified as "grocery". It was shown as "MERCHANDISE & SUPPLIES - WHOLESALE STORES".
I purchased a diet coke and some mints at a Target on an AMEX the other day to test and that showed up with the above description. Much better ROI if it will show as Grocery for me. Going to test a few others to see if there is a difference.
bearcat74 is offline  
Old Nov 8, 12, 1:35 pm
  #55  
FlyerTalk Evangelist
 
Join Date: Nov 2002
Location: BOS, MHT
Programs: AA ltg, B6, DL, UA, AS, SPG/Marriott Plt, HH, Hyatt
Posts: 10,037
I got my TGT Amex.
Thought about it. Used it for something thereby now giving it a $0 balance.
Will sit on this one til I figure out best uses and other ways to cash out.
Marathon Man is offline  
Old Nov 11, 12, 10:06 pm
  #56  
Suspended
 
Join Date: Apr 2012
Location: SFO, SIN, PVG
Programs: UA, AA, Hyatt, Marriott
Posts: 303
Originally Posted by jk2 View Post
I bought Target AMEX prepaid card in Super Target using SPG Amex and purchase was NOT classified as "grocery". It was shown as "MERCHANDISE & SUPPLIES - WHOLESALE STORES".
did you get the spg points from this transaction?
kunk00 is offline  
Old Nov 13, 12, 9:07 am
  #57  
jk2
 
Join Date: Dec 2010
Posts: 1,423
Originally Posted by kunk00 View Post
did you get the spg points from this transaction?
Why not? it show as purchase at Target.
jk2 is offline  
Old Nov 14, 12, 9:39 pm
  #58  
 
Join Date: Sep 2012
Posts: 4,384
I just activated my permanent Target AMEX account and logged in. I noticed that if I click on the "set up DD" link, there's a routing number and account number, just like with BB. Couldn't I use this to pay credit card bills like you can with BB?
DaveInLA is offline  
Old Nov 15, 12, 11:00 am
  #59  
 
Join Date: Aug 2010
Location: SEA
Programs: HH Gold, SPG Gold, AA Gold
Posts: 351
Originally Posted by DaveInLA View Post
I just activated my permanent Target AMEX account and logged in. I noticed that if I click on the "set up DD" link, there's a routing number and account number, just like with BB. Couldn't I use this to pay credit card bills like you can with BB?
I'd bet that like BB, you can only push funds in, not pull funds from another account.
y2chen is offline  
Old Nov 15, 12, 1:54 pm
  #60  
 
Join Date: Sep 2012
Posts: 4,384
Originally Posted by y2chen View Post
I'd bet that like BB, you can only push funds in, not pull funds from another account.
I didn't realize that you can't "pull" funds out of BB. It's currently set up as a funding account for my AMEX credit card accounts. I haven't tried paying my CC bills via the main AMEX website, but if you're right, it won't let me. I'm not about to try it now, but what will it say?
DaveInLA is offline  

Thread Tools
Search this Thread