AmEx for Target (2015)

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Old Jan 12, 16, 12:21 am   -   Wikipost
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American Express® is discontinuing the American Express for Target Prepaid Card program on March 21, 2016.

***Attention*** If you are new to the forum and thinking about AFT loads to accomodate your bonus or rewards spend, please be advised this method has taken a major hit effective first week of May, 2015, as mentioned in latter posts on this thread.****

This thread is a continuation of http://www.flyertalk.com/forum/manuf...ities-208.html

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 12am PST)
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
Note that unlike Amex RB/BB, AFT is NOT in AllPoint network, thus NO surcharge-free ATM generally.

When asked 'from account' choose 'checking.'

Possibly helpful link (Surcharge Free ATMs):
http://www.flyertalk.com/forum/manuf...-fee-atms.html

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: Can I load with Visa/MC/Amex Gift Cards?
A: Visa and MC Gift cards with a PIN can be used. Amex gift cards no longer work.

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: No. This died February 4, 2015 or shortly before.

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: 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).

Q: Where is my permanent card? I did not receive my permanent card. How do I receive my permanent card?
A: You do not need to register the temporary card online after purchase or create the online account to receive your permanent card. You should have received your permanent card within 7 days. Your temporary card will stop working after 30 days.

If you have not received your card, your application may have been declined. The personal information you registered may be incorrect, or Amex could not verify your identity.

---

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 May 5, 15, 4:00 pm
  #496  
 
Join Date: Feb 2013
Programs: United MP, American AAdvantage, Chase UR, AMEX MR
Posts: 211
Originally Posted by oozze View Post
Can someone confirmed for me:
My last earliest load was April 7. I have to wait until tomorrow to load right? i cant do it today?

Thks!

oozze
I think you can reloaded today (28 days seperation), doesnt matter, just go up there to load. If it goes through, then you are good, if not, your're out of luck 2 ways 2morrow anyway.
vfdfs2 is offline  
Old May 5, 15, 4:53 pm
  #497  
 
Join Date: Jul 2012
Location: KSTP KSPG
Programs: AOPA
Posts: 959
Originally Posted by vfdfs2 View Post
I think you can reloaded today (28 days seperation), doesnt matter, just go up there to load. If it goes through, then you are good, if not, your're out of luck 2 ways 2morrow anyway.
It won't let you. Ready tried
teddy25 is offline  
Old May 5, 15, 5:29 pm
  #498  
 
Join Date: Jun 2001
Posts: 653
Originally Posted by vfdfs2 View Post
I think you can reloaded today (28 days seperation)
It's 28 days to the hour. So if you loaded 4/7/15 at 6pm, you have to wait till after 6pm today before it will load.
gw14 is offline  
Old May 5, 15, 5:35 pm
  #499  
 
Join Date: Oct 2011
Posts: 4,167
Originally Posted by ILGfly View Post
It will be worth it for RB but not for AFT, which is what this thread is about. You're looking at ~$100 in fees to load and unload 2 AFTs with a total of $5k; and that's only with fee free ATM. If you have to pay ATM fees it's even more. At 1.5% CB on AGCs you're only getting $67.10 in CB (after AGC fees) so it's costing you $33+ to cycle those AFTs each month. I'd be better off just increasing my MO volume at WM. I can do that same $5k volume for only $63 in load/unload fees.
Slight break even at 2% CB, a little better with 2.25% CB like today's TCB rate. If it's worth it for such a little gain and lots of leg work is the question.
Superorb is offline  
Old May 5, 15, 6:21 pm
  #500  
 
Join Date: Oct 2014
Posts: 500
Originally Posted by Superorb View Post
Slight break even at 2% CB, a little better with 2.25% CB like today's TCB rate. If it's worth it for such a little gain and lots of leg work is the question.
It wouldn't be too much leg work for me because it's so close by and we shop at Target a lot anyway so when those bonus rates come around I may do it. A local grocery chain will sell me $5k in VGCs a days 7 days a week if I wanted to buy that many. What a pain in the ... though, when I have loads available on all 12 of my AFTs that would be 24 separate transactions.
ILGfly is offline  
Old May 5, 15, 7:41 pm
  #501  
 
Join Date: Apr 2013
Posts: 343
Originally Posted by ILGfly View Post
It will be worth it for RB but not for AFT, which is what this thread is about. You're looking at ~$100 in fees to load and unload 2 AFTs with a total of $5k; and that's only with fee free ATM. If you have to pay ATM fees it's even more. At 1.5% CB on AGCs you're only getting $67.10 in CB (after AGC fees) so it's costing you $33+ to cycle those AFTs each month. I'd be better off just increasing my MO volume at WM. I can do that same $5k volume for only $63 in load/unload fees.
Where are you getting $100 in fees? Each $1K load is $3, and each $400 withdrawal after the 1st in a month is $3. With 2 cards, the fees in 2 months (since you would want to get $10K in AGC to minimize fees and to maximize AFT divisability & free monthly withdrawal) would look something like this:

$3*10 Loads
$3*20 Withdrawals (+4 free Withdrawals)
$90 Total in fees for $10K load across 2 months with $170 left on each card

Even at 1.5%, you still make $$ without even considering what CC you used to buy the AGCs.
JunkDiver is offline  
Old May 5, 15, 7:44 pm
  #502  
 
Join Date: Sep 2005
Programs: Northwest, United
Posts: 2,881
All moot in a little more than 2 hours...
nwflyboy is offline  
Old May 5, 15, 8:32 pm
  #503  
 
Join Date: Oct 2014
Posts: 500
Originally Posted by JunkDiver View Post
Where are you getting $100 in fees? Each $1K load is $3, and each $400 withdrawal after the 1st in a month is $3. With 2 cards, the fees in 2 months (since you would want to get $10K in AGC to minimize fees and to maximize AFT divisability & free monthly withdrawal) would look something like this:

$3*10 Loads
$3*20 Withdrawals (+4 free Withdrawals)
$90 Total in fees for $10K load across 2 months with $170 left on each card

Even at 1.5%, you still make $$ without even considering what CC you used to buy the AGCs.
Did you not read what he and I were discussing? If you have to use VGCs to load now the total fees, including VGC fees, would be a lot higher.
ILGfly is offline  
Old May 5, 15, 10:48 pm
  #504  
 
Join Date: Oct 2011
Posts: 4,167
Originally Posted by ILGfly View Post
It wouldn't be too much leg work for me because it's so close by and we shop at Target a lot anyway so when those bonus rates come around I may do it. A local grocery chain will sell me $5k in VGCs a days 7 days a week if I wanted to buy that many. What a pain in the ... though, when I have loads available on all 12 of my AFTs that would be 24 separate transactions.
First world problems
Superorb is offline  
Old May 6, 15, 6:49 am
  #505  
 
Join Date: Mar 2010
Posts: 140
Had anyone tried loading aft with a credit card yet? Is it RB collateral damage?
BillyFlyer is offline  
Old May 6, 15, 6:52 am
  #506  
 
Join Date: Jul 2005
Location: Chicago, IL
Programs: AA PLAT; UA SILVER; MARRIOTT TITANIUM; HH DIAMOND; IHG PLAT; RADISSON PLAT; HYATT GLOBAL
Posts: 1,733
Originally Posted by Superorb View Post
Someone above mentioned that their Costco charged $1 less if you selected checking instead of credit.
YMMV, but in may ATMS I have used either option and no difference.
ORD-TGU is offline  
Old May 6, 15, 6:55 am
  #507  
 
Join Date: Oct 2014
Location: LAXatives
Programs: Delta Cubic Zirconia, Marriott Titanium, Hertz Chairman's Square, Avis Preferred Plus
Posts: 379
RB Collateral damage seems evident at some stores: http://frequentmiler.boardingarea.co...emo-questions/

Haven't tried yet personally but sad to see
thoiboi is offline  
Old May 6, 15, 7:09 am
  #508  
 
Join Date: May 2009
Location: PHL
Posts: 2,823
I assume from a loading perpsective an AGC is considered a credit card?
nova08 is online now  
Old May 6, 15, 7:11 am
  #509  
 
Join Date: Jul 2014
Posts: 3,699
Originally Posted by nova08 View Post
I assume from a loading perpsective an AGC is considered a credit card?
YES because when register prompts for a PIN, there's none for AGCs so they have to be processed as credit. NO GO.
Mamibear is offline  
Old May 6, 15, 7:46 am
  #510  
 
Join Date: Jul 2012
Posts: 274
Originally Posted by gw14 View Post
It's 28 days to the hour. So if you loaded 4/7/15 at 6pm, you have to wait till after 6pm today before it will load.
Went to target, and register wont let it load.
I am sure it is after the time when I last load.
oozze is offline  

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