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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 Dec 8, 12, 5:47 pm
  #91  
 
Join Date: Jan 2011
Location: ATL
Programs: DL PM, SPG Plat
Posts: 856
Originally Posted by farwest101 View Post
Sadly, looks like they have stopped allowing Target Amex prepaids to be loaded with Amex GCs. My usual gc load was denied today on the screen after swiping and giving last 4 digits of my gc. Worked like a charm before. Anyone having similar issues?

Bums me out as this was a prime method of gc churn for me...
I wonder if all GC loads are blocked? Or just amex?
FederalFlyer is offline  
Old Dec 8, 12, 7:13 pm
  #92  
 
Join Date: Nov 2011
Posts: 300
Have not tried Amex GC but Visa GC/Debit loads today worked fine.

Originally Posted by FederalFlyer View Post
I wonder if all GC loads are blocked? Or just amex?
tonyflyer is offline  
Old Dec 9, 12, 3:45 am
  #93  
 
Join Date: Oct 2012
Posts: 958
Originally Posted by tonyflyer View Post
Have not tried Amex GC but Visa GC/Debit loads today worked fine.
Good. I'm hoping that my problem was that I had bought the Amex GC about 20 minutes prior to my attempted load at Target and that the cashier was just spewing the same "we don't allow gcs to buy gcs" mantra.

I've since read that Amex puts a several hour hold on the funds as fraud prevention (but isn't mentioned anywhere that I know). Will retry later today and report back. I'm really hoping the short time between buying the gc and attempted load is the problem!

Question: Which sort of Visa gc did you use? Vanilla or Giftcardmall type?
farwest101 is offline  
Old Dec 9, 12, 7:05 am
  #94  
 
Join Date: Dec 2006
Posts: 236
(sorry, posted in wrong thread...)
JoeJetplane is offline  
Old Dec 9, 12, 7:51 am
  #95  
 
Join Date: Dec 2008
Posts: 364
Originally Posted by tonyflyer View Post
Have not tried Amex GC but Visa GC/Debit loads today worked fine.
It's not clear to me which Visa gift or pre-paid cards can be registered as debit.
st.exupery is offline  
Old Dec 9, 12, 12:06 pm
  #96  
 
Join Date: Sep 2012
Posts: 6
My daughter is doing a card promotion for XXXXX airline and needs to meet the minimum $1,000 spend to earn the bonus miles. I recently obtained an AMEX for Target prepaid card while on a business trip in a state that sells the card and have now made test loads at a local Target store (located in a state that does not sell the card) using CITI, Chase and AMEX cards. All test loads showed up as purchases on each card.

In order to help my daughter meet her minimum spending requirements, I was hoping to have her use her promotional credit card to load $1,000 on my AMEX for Target card. It seems like this should work as long as both cardholders are present.

Have any of you had someone else use their mileage earning card to load money onto your AMEX for Target card?

Your thoughts are appreciated.
nross222 is offline  
Old Dec 9, 12, 12:10 pm
  #97  
 
Join Date: Oct 2010
Location: ATL
Programs: Shamelessly still Gold at Flying Burrito and AirTrain A+ Elite. Turkish Star Gold
Posts: 660
Originally Posted by skynerd View Post
I would like to thank Astrophsx for sharing his discovery of this card at http://www.flyertalk.com/forum/16822687-post409.html .

The "American Express for Target" reloadable prepaid card is being tested in Atlanta, Baltimore (reportedly includes DC and much of Northern Virginia), Chicago, Denver and Miami metropolitan areas.

Edited 7/31/2011: Thanks to MyTravels for pointing out that the $10/card annual fee would add about 0.1% to the costs of depositing $1k per card every 5 weeks, and that the maximum reload per person per 28 days in the terms and conditions is $5k, not $4k. I am sorry I don't know a way to change "1.3%+" to "~1.4%" in the thread subject. Also, thanks to BeachMiles for noting "Baltimore test area includes Washington DC and much of Northern Virginia."]
.
Anyone knows of a no-fee ATM in the Atlanta area. PM me if necessary.

I am asking since this card is tested in the Atlanta market and have not yet found any fee-free ATM around here despite all my best efforts.

Minos
Minos is offline  
Old Dec 9, 12, 12:17 pm
  #98  
 
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,818
Which bank? There are many card tricks out there.

Originally Posted by nross222 View Post
My daughter is doing a card promotion for XXXXX airline and needs to meet the minimum $1,000 spend to earn the bonus miles. I recently obtained an AMEX for Target prepaid card while on a business trip in a state that sells the card and have now made test loads at a local Target store (located in a state that does not sell the card) using CITI, Chase and AMEX cards. All test loads showed up as purchases on each card.

In order to help my daughter meet her minimum spending requirements, I was hoping to have her use her promotional credit card to load $1,000 on my AMEX for Target card. It seems like this should work as long as both cardholders are present.

Have any of you had someone else use their mileage earning card to load money onto your AMEX for Target card?

Your thoughts are appreciated.
AlohaDaveKennedy is offline  
Old Dec 9, 12, 12:26 pm
  #99  
 
Join Date: Sep 2012
Posts: 6
Originally Posted by AlohaDaveKennedy View Post
Which bank? There are many card tricks out there.
I understand that there are many card tricks out there. I've used pretty well all of them. My question though is limited to the use of the AMEX for Target card and whether my daughter would be permitted to charge $1,000 to her BofA card when adding money to my AMEX for Target card.
nross222 is offline  
Old Dec 9, 12, 1:32 pm
  #100  
 
Join Date: Nov 2012
Posts: 575
I've checked my local Target and they don't sell these cards. Will check out others in the area in the coming weeks. But I don't believe my area is part of the "test" market.
mrstraveler is offline  
Old Dec 9, 12, 1:36 pm
  #101  
 
Join Date: Dec 2006
Posts: 236
Originally Posted by farwest101 View Post
Sadly, looks like they have stopped allowing Target Amex prepaids to be loaded with Amex GCs. My usual gc load was denied today on the screen after swiping and giving last 4 digits of my gc. Worked like a charm before. Anyone having similar issues?

Bums me out as this was a prime method of gc churn for me...
After his last rant, I would sure hate to be the person who has to explain this one to Mein Fuhrer.
JoeJetplane is offline  
Old Dec 9, 12, 1:55 pm
  #102  
 
Join Date: Jun 2006
Location: Manchester,UK and NYC
Programs: One Pass, BAEC, AA
Posts: 707
No problem about 1 hour ago loading $1000 with SPG Amex onto Target Amex Prepaid
forextrader is offline  
Old Dec 9, 12, 2:22 pm
  #103  
 
Join Date: Sep 2011
Location: BOS
Posts: 85
Have to wait before loading

You tried to load the Target card to soon after purchaing the gift cards.
I have done the same, bought visa gift cards from Staples and called when they didn't go through. Even though they were activated, it takes up to 17-20 minutes beofre you can use them.





Originally Posted by farwest101 View Post
Good. I'm hoping that my problem was that I had bought the Amex GC about 20 minutes prior to my attempted load at Target and that the cashier was just spewing the same "we don't allow gcs to buy gcs" mantra.

I've since read that Amex puts a several hour hold on the funds as fraud prevention (but isn't mentioned anywhere that I know). Will retry later today and report back. I'm really hoping the short time between buying the gc and attempted load is the problem!

Question: Which sort of Visa gc did you use? Vanilla or Giftcardmall type?
jrreynolds is offline  
Old Dec 9, 12, 5:23 pm
  #104  
 
Join Date: Aug 2012
Location: Ny
Posts: 31
I tried using Amex gift cards to load my target card and the cash register would not take the gift card. I was able to use my charge card. Posted as purchase on my charge card.
somogyi03 is offline  
Old Dec 9, 12, 5:35 pm
  #105  
 
Join Date: Oct 2012
Posts: 958
Originally Posted by farwest101 View Post
Good. I'm hoping that my problem was that I had bought the Amex GC about 20 minutes prior to my attempted load at Target and that the cashier was just spewing the same "we don't allow gcs to buy gcs" mantra.

I've since read that Amex puts a several hour hold on the funds as fraud prevention (but isn't mentioned anywhere that I know). Will retry later today and report back. I'm really hoping the short time between buying the gc and attempted load is the problem!

Question: Which sort of Visa gc did you use? Vanilla or Giftcardmall type?
Bad news. Went back today - same problem. Target not allowing Amex gift cards to load the Target Amex prepaid. I checked the Amex gift card balance to make sure it was fully loaded, so that's not the issue. I successfully loaded the Target prepaid using my Amex Gold, but that's a booby prize as far as I'm concerned.
farwest101 is offline  

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