As I was going to sleep, I checked my Twitter and saw a post on MilesToMemories that he read a hint on Frugal Travel Guy that Amex gift cards may be back at TopCashBack this morning. They used to be regularly available for extra cash back, but disappeared from all portals about a month ago. Well, it turns out he was right as TopCashBack does indeed have the Amex gift cards and is offering 1.5% cash back. The catch, however, is that this particular cash back bonus offer ends tonight at midnight. I don’t know what that means – it may be better tomorrow or it may be worse or it may be gone completely. While 1.5% isn’t earth shattering, it’s better than nothing and it’s at least a step in the right direction. I don’t know exactly what is going on, but it does look like TopCashBack worked out a temporary exclusive deal based on their advertising:
American Express® Gift Cards & Business Gift Cards: Cash Back Exclusive
TOPCASHBACK EXCLUSIVE: Get 1.5% cash back on American Express® Gift Cards & Business Gift Cards today until midnight (EST). This offer is not available anywhere else!
Warning: Do not use Citibank cards to purchase these. You will be charged a cash advance fee.
Keep in mind that, for Amex gift cards, you cannot set a PIN. That said, you cannot load these to Bluebird at Walmart and use them to pay your rent, loans or other bills. You can only think of this as an extra cash back for things you could buy otherwise with credit cards and you’ll have to get creative. In summary, don’t make the mistake of buying a bunch thinking you can use them to pay bills and then get stuck with illiquid gift cards.
Note: Existing members of TopCashBack can refer other members for a $10 referral bonus. I decided not to include my own link because I feel everyone should be careful buying gift cards, but do check with friends if they want to refer you.