How to spend down Amex gift cards

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  1. BoardingArea

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    Now that it is once again possible to get a rebate on the purchase of Amex gift cards from BigCrumbs (see “Amex gift cards 2% cash back via BigCrumbs!“), many have asked me how best to use those cards. I don’t know what the “best” answer is, but below are a number of options.

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    Use Amex gift cards to:


    1. Buy stuff you would buy anyway.


    2. Buy reload cards.


    3. Buy Visa or MasterCard gift cards and then load to Bluebird or GoBank.


    4. Send Amazon Payments to friends or family.


    5. Make Kiva loans.


    6. Buy merchant gift cards through online portals in order to earn extra points or cash back.


    7. Load the American Express for Target card and then withdraw money from ATMs.


    8. Pay federal taxes. You will incur a 1.89% fee, but that can be partially or wholly offset by cash back earned when buying Amex gift cards.
    Don’t try:


    The following things cannot be done with Amex gift cards:

    1. Withdraw money from an ATM.
    2. Use as a debit card.
    3. Load Bluebird.
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