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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

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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
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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).
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Old Apr 7, 13, 10:52 pm
  #796  
 
Join Date: Jun 2009
Location: ONT/LAX
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Originally Posted by bensim View Post
Went to a target store today to buy the card. Was not allowed to load using my credit card. Anyone had this problem before?
denied by the cashier or by the register?
indelible is offline  
Old Apr 7, 13, 11:19 pm
  #797  
 
Join Date: Feb 2006
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Probably a supervisor.

Originally Posted by indelible View Post
denied by the cashier or by the register?
bensim is offline  
Old Apr 8, 13, 12:04 am
  #798  
 
Join Date: Dec 2003
Location: CA
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Yes you can withdraw for free once a month on the two cards.


Originally Posted by GatorBlues View Post
If you get the two cards on a single SSN as you're allowed to do, can you withdraw $800 per month for free (well, almost free at a $1.25 costco ATM)? If so, although it's not a game changer, it's a nice slow and steady way to make sure I reach some annual spend thresholds.
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Old Apr 8, 13, 1:21 pm
  #799  
 
Join Date: May 2000
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Can you add something small to the same transaction as the refill to vary the amount of the total charge on your card?
Bean is offline  
Old Apr 8, 13, 7:39 pm
  #800  
 
Join Date: Feb 2003
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Originally Posted by bensim View Post
Went to a target store today to buy the card. Was not allowed to load using my credit card
Never whip out (your form of payment) until ready to commit the deed
Alcibiades is offline  
Old Apr 8, 13, 9:06 pm
  #801  
 
Join Date: Feb 2013
Programs: United MP, American AAdvantage, Chase UR, AMEX MR
Posts: 211
Which Target did you went to? Where is your location?

Originally Posted by bensim View Post
Went to a target store today to buy the card. Was not allowed to load using my credit card. Anyone had this problem before?
vfdfs2 is offline  
Old Apr 9, 13, 1:15 pm
  #802  
 
Join Date: Oct 2011
Posts: 4,167
Originally Posted by Alcibiades View Post
Never whip out (your form of payment) until ready to commit the deed
I've found this to be the case too. After they swipe the Amex and enter the amount then I take out my payment card(s) and start swiping.
Superorb is offline  
Old Apr 10, 13, 11:50 am
  #803  
 
Join Date: Dec 2003
Location: CA
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+1.

Learnt it the hard way. A few times the cashier will not even try to load the moment they know you are using a gift card to load it.




Originally Posted by Superorb View Post
I've found this to be the case too. After they swipe the Amex and enter the amount then I take out my payment card(s) and start swiping.
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Old Apr 11, 13, 11:59 am
  #804  
 
Join Date: Oct 2011
Posts: 4,167
Originally Posted by rambo View Post
+1.

Learnt it the hard way. A few times the cashier will not even try to load the moment they know you are using a gift card to load it.
Some cashiers don't understand the difference between a TARGET gift card and then a Mastercard/Visa gift card. I just tell them it doesn't say Target on the GC so it's not a Target GC. Usually they just stare at me and I begin swiping if they stop me. Or I swipe it while they're mumbling something.
Superorb is offline  
Old Apr 15, 13, 2:18 pm
  #805  
 
Join Date: Sep 2012
Posts: 104
finally picked one up from a state that carries these...brought it home (to a store that doesn't)...can't load it in store
agent0068 is offline  
Old Apr 15, 13, 2:19 pm
  #806  
 
Join Date: Jul 2006
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Originally Posted by agent0068 View Post
finally picked one up from a state that carries these...brought it home (to a store that doesn't)...can't load it in store
What happened when they swiped it?
josephstern is offline  
Old Apr 15, 13, 3:20 pm
  #807  
 
Join Date: Jan 2012
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Originally Posted by agent0068 View Post
finally picked one up from a state that carries these...brought it home (to a store that doesn't)...can't load it in store
It should work, try again. I purchased mine while in ORD and brought it back to SEA and I have had no problems with it. Sometimes I have to instruct them how to load it but no other problems.
rdaven2003 is offline  
Old Apr 15, 13, 3:24 pm
  #808  
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Originally Posted by Alcibiades View Post
Never whip out (your form of payment) until ready to commit the deed
This is wise advice, even beyond CC's =P
PainCorp is offline  
Old Apr 16, 13, 8:51 am
  #809  
 
Join Date: Sep 2012
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Originally Posted by josephstern View Post
What happened when they swiped it?
the POS kept prompting them as if they were trying to process a refund
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Old Apr 16, 13, 8:52 am
  #810  
 
Join Date: Sep 2012
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Originally Posted by rdaven2003 View Post
It should work, try again. I purchased mine while in ORD and brought it back to SEA and I have had no problems with it. Sometimes I have to instruct them how to load it but no other problems.
yea i intend to go back and/or try a different location. fwiw, i picked mine up in MI and had the failure in NC. tried a number of cashiers (who all brought me to the same supervisor lol). the customer service area was equally at a loss
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