American Express Gift Card to Cash: Your Complete Guide

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American Express gift cards can be a convenient way to give someone a gift, but sometimes you might want to turn them into cash. The good news is that it's possible to redeem American Express gift cards for cash, but there are some limitations and requirements you should be aware of.

You can redeem American Express gift cards for cash at certain retailers, such as Walmart or Target, but you'll need to have the card's balance loaded onto a prepaid card first.

To get cash back from an American Express gift card, you'll need to have the card's balance loaded onto a prepaid card, such as a Bluebird card, and then use the card to make a purchase that gets cash back.

Ways to Convert Gift Card to Cash

You can easily cash out an American Express gift card by using it for routine purchases, effectively "converting" it into cash by paying for expenses you would have covered out of pocket.

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Using your gift card to buy everyday items is a hassle-free way to get cash, and it's one of the most popular methods after selling the card for cash. You can also look up potential buyers interested in the products or services covered under the benefits of the American Express gift card.

You can instantly sell the American Express gift card for cash using kiosks found in supermarkets and shopping malls, which will assess the card's value and present you with a cash amount, often at a slightly reduced rate due to fees.

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Ways to Out

You can easily know your AMEX gift card balance by visiting the AMEX website. You'll need to fill in the necessary card details to see the amount you can cash out.

Not all places accept prepaid cards as a payment method for money orders, so be sure to call ahead and ask about payment options. Some places that do accept gift cards for money orders include the United States Postal Service, Western Union, and Walmart stores.

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You can use your Amex gift card to buy a money order, which can then be deposited into your bank account and used as cash. Money orders can be used to pay for lots of different things, making them a useful option for converting your gift card balance to cash.

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Ways to Use a Gift

You can use a gift card to make purchases online or in-store, just like you would with a regular credit or debit card. This is the most straightforward way to use a gift card.

Mobile wallets like PayPal can also support gift cards, allowing you to add them and use them for purchases, similar to a debit or credit card.

Adding a gift card to a mobile wallet like PayPal is a relatively simple process, and it can be done in a few minutes.

Curious to learn more? Check out: Paypal Debit Card Cashback

Redeeming Gift Card

You can check the balance on your American Express gift card online, by phone, or by visiting the American Express website. This will help you determine the best method for cashing out.

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To redeem your gift card, you can use a mobile wallet like PayPal, which allows you to add the gift card and transfer the funds to your bank account.

You can also use an app like Prepaid2Cash to turn your American Express gift card into cash. This app supports various prepaid cards, including American Express gift cards, and can transfer the funds to your bank account in as little as 15 minutes.

Check the Balance

Before you start thinking about how to redeem your gift card, check the balance first. You can do this online, by phone, or by visiting the American Express website.

Knowing the exact amount on your card will help you determine the best method for cashing out. The balance will also give you a clear idea of how much you can spend or redeem.

You can typically check the balance online, which is usually the fastest and most convenient method. By knowing the balance, you'll avoid any surprises or disappointments when trying to make a purchase.

How to Redeem

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You can redeem an American Express Gift Card in a few ways. American Express Gift Cards are a popular gift option, but what if you don't find anything you want to buy with it?

You can't directly convert an American Express Gift Card to cash, but there are alternative ways to get the value out of your card. You can use the card to purchase a gift for someone else or save it for a future purchase.

To convert your balance on an Amex gift card to cash, you can sell it to a third-party website or exchange it for a different gift card.

Prepaid2Cash

Prepaid2Cash is a convenient option to cash out your American Express gift card. You can use the app to scan your prepaid card in seconds.

The app supports lots of different prepaid cards, including American Express gift cards. This means you can use it to cash out your American Express gift card.

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You can transfer the funds from your prepaid card to your bank using the Prepaid2Cash app. This is a quick process that can be completed in as little as 15 minutes.

Knowing the exact balance on your American Express gift card will help you determine the best method for cashing out. You can typically check the balance online, by phone, or by visiting the American Express website.

Benefits and Considerations

Selling American Express gift cards for cash can be a convenient way to gain financial flexibility. You can use the funds to pay off debt, invest in other opportunities, or save for the future.

Be aware of fees associated with cash-out methods, which can reduce the overall value of your gift card. Some American Express gift cards have expiration dates, so make sure to use the card or cash out the balance before it expires.

Selling gift cards online requires caution to avoid scams or fraud. Use reputable platforms to list your gift card and find a buyer.

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Here are some key considerations to keep in mind when selling American Express gift cards for cash:

  • Check for expiration dates: American Express gift cards typically have expiration dates.
  • Be aware of fees: Some cash-out methods may involve fees.
  • Be cautious with online transactions: Only use reputable platforms to avoid scams or fraud.

Benefits of Selling

Selling American Express gift cards for cash can give you financial flexibility, allowing you to divide the funds according to your short-term or long-term objectives.

You can plan and work on your investments and gain more benefits by exchanging your gift card for cash.

Gift cards have an expiration date, and some also have potential inactivity fees, which can get cheaper with time.

Selling gift cards for cash ensures the validity and value for money without worrying about limitations.

Converting gift cards into cash allows you to integrate your financial plans and use the funds as you like.

You can utilize the valuation derived from the gift card in various ways, such as paying debt, investing, saving, purchasing, or spending it how you like.

Selling American Express gift cards to cash is simple and convenient, and can be completed from the comfort of your home with a few easy steps.

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Many online platforms provide a convenient way of selling and purchasing gift cards, allowing you to list your gift card and find the best potential buyer.

Websites like Cardpool, Raise, and Gift Card Granny allow users to sell their unwanted gift cards for cash or trade them for other gift cards.

Keep in mind that these platforms may take a small percentage of the card's value as a fee.

You can also sell or trade your gift cards to friends and family, likely getting a better deal since you already know each other.

Tips and Considerations

When you need to cash out an American Express gift card, be aware of the fees involved. Some cash-out methods may reduce the overall value of your gift card due to fees.

It's essential to check for expiration dates, especially for American Express gift cards, which typically have expiration dates. Make sure to use the card or cash out the balance before it expires to avoid losing the value.

A father and daughter exchange a card in a warm and happy setting, symbolizing love and togetherness.
Credit: pexels.com, A father and daughter exchange a card in a warm and happy setting, symbolizing love and togetherness.

Be cautious with online transactions, and only use reputable platforms to sell or trade gift cards. This will help you avoid scams or fraud.

If you're planning to sell your American Express gift card online, consider websites like Cardpool, Raise, and Gift Card Granny, which allow users to sell their unwanted gift cards for cash or trade them for other gift cards. These platforms may take a small percentage of the card's value as a fee.

To get the most out of your American Express gift card, use it for routine purchases to "convert" it into cash. You can also use it to pay for expenses you otherwise would have covered out of pocket, freeing up your own money for other purposes.

The following table summarizes the fees associated with cash-out methods:

Keep in mind that fees may vary depending on the method and platform you choose. Always stay mindful of any associated fees to ensure you get the best value out of your American Express gift card.

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Alternative Uses

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You can use your American Express gift card to buy a money order, which can then be deposited into your bank account and used as cash. Some places like the United States Postal Service, Western Union, and Walmart stores will accept gift cards for money orders.

You can also add your gift card to a mobile wallet like PayPal, which allows you to transfer the funds to your bank account. This is a covert technique to move funds from a gift card to a bank account.

There are also online platforms like Cardpool, Raise, and Gift Card Granny where you can sell or trade your American Express gift card for cash. Be aware that these platforms may take a small percentage of the card's value as a fee.

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Sell on an E-commerce Platform

Selling your American Express gift card on an e-commerce platform can be a great way to get some cash back. You can list your gift card on platforms like Prestmit, Facebook Marketplace, eBay, and Craigslist.

From above of white paper gift card placed among pink rose petals on pastel pink surface
Credit: pexels.com, From above of white paper gift card placed among pink rose petals on pastel pink surface

These platforms have a large customer base, so you can sell your gift card quickly. For example, if you have a $100 gift card, you might sell it for $90.

To sell your gift card on these platforms, you'll need to set a price that's competitive with other sellers. You can also use websites like Cardpool, Raise, and Gift Card Granny, which allow you to sell or trade your gift card for cash.

Some popular e-commerce platforms for selling gift cards include:

  • Prestmit
  • Facebook Marketplace
  • eBay
  • Craigslist

Keep in mind that these platforms may take a small percentage of the card's value as a fee. For example, if you sell your $100 gift card for $90, the platform might take $1.50 as a fee.

You can also use your American Express gift card to buy items at a discount and then resell them for a profit. This is called retail arbitrage.

Use Card for Money Order

Using your Amex gift card to buy a money order is a viable option. Some places accept prepaid cards as a payment method for money orders, but it's essential to call ahead to confirm.

The United States Postal Service, Western Union, and Walmart stores are among those that might accept gift cards for money orders.

Frequently Asked Questions

How do I convert my Amex gift card to cash?

You can convert your Amex gift card to cash by selling it on an e-commerce platform, using retail arbitrage, or requesting a refund, but be aware of potential fees and limitations. Check out our guide for more details on these options and other ways to redeem your Amex gift card.

Can I transfer an American Express gift card to Cash App?

Yes, you can transfer an American Express gift card balance to Cash App. Cash App accepts American Express gift cards as one of the accepted card types for balance addition.

Can you transfer an American Express gift card to your bank account?

You can transfer an American Express gift card balance to your bank account indirectly through digital wallets like PayPal or Venmo. Fees may apply to this transfer process.

Can you transfer an Amex gift card to Venmo?

American Express gift cards can be used on Venmo, but you can't transfer them directly; instead, you can add the gift card to your Venmo account and use its balance to make payments

Timothy Gutkowski-Stoltenberg

Senior Writer

Timothy Gutkowski-Stoltenberg is a seasoned writer with a passion for crafting engaging content. With a keen eye for detail and a knack for storytelling, he has established himself as a versatile and reliable voice in the industry. His writing portfolio showcases a breadth of expertise, with a particular focus on the freight market trends.

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