Amex gift card is one of the most interesting gift cards to own. If not anything, the possibility of using at various retail stores makes it unique. However, there are possibilities you do not want to make purchases with it. The best idea here is to cash out with it. This article will show you different ways to cash out on Amex gift cards. Let’s get started.
How To Cash Out Amex Gift Cards
Let’s look at the various ways you can explore to make money from Amex gift cards.
Option 1: Exchange Your Amex Gift Card For Cash
The first way I will recommend is to sell your Amex gift card for cash. It’s the best choice especially when you do not have plans to use it to redeem items. Instead of making it lie down useless in the house or your car, the best is to exchange it for cash. There are various platforms in Nigeria that offer gift card trading services. Nosh is the best platform to sell all kinds of gift cards in Nigeria.
Option 2: Demand For A Refund
If there are cases where you purchase an Amex gift card and do not need it, you can demand for a refund. As long as you’ve not redeemed, there are chances of getting your money back. I strongly advise you firstly read the cardholder agreement to familiarize yourself with the terms and conditions. Once you’ve confirmed, dial 1-833-205-8622 to discuss your refund request.
Option 3: Link Your Amex Gift Card To A Digital Wallet
You should know by now that Amex gift card is an approved payment method by various services. Imterestingly, you can also add it to a digital wallet. Taking PayPal as an example, you can link it with your Amex gift card. This means the fund on the card will be accessible via your PayPal account. It’s similar to having funds in your bank account.
Option 4: Purchase A Money Order
Another option to consider is to purchase a money order that you can then get cash from. Due to the location you are based, money order might require you to subkit a gift card with a PIN. In such case, use your Amex gift card to buy another gift card with a PIN. Then, proceed with the money order.
Option 5: Initiate Online Payments And Request Cash Reimbursement
This option makes sense if you need money urgently. Although, it will require making some enquiries. Get to identify people that purchase items online and request to make payment on their behalf with your Amex gift card. Once the agreement stands, initiate the payment and collect the equivalent cash from the recipient. Nothing to lose at all in this method.
Option 6: Cash Out On Low Balances
There are some states that permit converting your Amex gift card to cash if the remaining balance is low. There is a fixed amount and you can find out by reading your state laws. You can gather all your Amex gift cards with low balances to get a sum of refund.
Option 7: Retail Arbitrage
Retain Arbitrage is basically making yourself a mini-business person or a wholesaler, lol. So, this is how it works. Go into any nearby store and purchase various in-demand items till you exhaust the fund on your Amex gift card. Now, proceed to post these items online for sale. You can even make money from this strategy as long as you aren’t urgently looking for money.
Frequently Asked Question
Can Amex Gift Card Be Added To Apple Pay?
Yes, you can add your Amex gift card to Apple Pay. Not juist that, also Google Pay and Samsung Pay.
What’s American Express Gift Card Used For?
Amex gift cards are used to purchase items virtually anywhere it is accepted as a payment method.
Does Amex Gift Cards Have Fees?
There is a purchase fee attached to Amex gift cards. However, there is nothing like service or maintenance fee after purchase.
Are Amex Gift Cards Reloadable?
No, Amex gift cards are not reloadable. This means your Amex gift card cannot be reused once you exhaust the fund on it. Alternatively, you can request for Amex Serve or Walmart BlueBird
Conclusion
There are times you may receive lots of Amex gift cards as gifts and have them at home. Instead of leaving them lying around, you will agree with me that it makes more sense to cash out from them. The various options you can explore have been discussed. You can choose to sell your Amex gift card for cash, leverage retail arbitrage, or link the card to your PayPal. Whichever option you choose, the end goal is to have some money in place of the gift card.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com