7 Ways to Convert Amex Gift Cards to Money in 2023

Do you may have an Amex gift card, but need money as a substitute? Here is tips on how to convert AmEx gift cards to money.

American Express accounts for nearly 1 / 4 of all bank card transactions within the US. Gift cards could be a kind and thoughtful gift. In the event you’ve received one, the giver probably intended so that you can have the ability to buy something for yourself that you just either want or need.

Nevertheless, what do you do should you need money for the gift card as a substitute?

While it might probably take a little bit of creativity, there are methods to get the balance of your gift card so you can use it for other purposes.

Today, we’re sharing some tricks to make this process easier. 

Where Can You Use Your American Express® Gift Cards?

The best strategy to get the total value to your gift is to make use of it for purchases.

These gift cards can typically be used at most in store and online retailers and are accepted anywhere American Express is accepted in america and the District of Columbia.

American Express gift cards can’t be used for recurring billing or at ATMs. 

Your gift card could also be declined if there are usually not available funds available on the gift card to cover your purchase, or a pre-authorization request.

Some businesses comparable to gas stations pre-authorize a specific amount for individuals who pay on the pump. To avoid this and only have a hold for the quantity you spend, pay contained in the gas station where possible.

To ensure you may have enough in your gift card for purchases, keep track of your available balance  having your card declined.

Tips on how to Check Your American Express Gift Card Balance
Before you utilize your AmEx gift card to make a purchase order, or to convert to money, you have to to understand how much is on the cardboard.

To envision the balance of your American Express Gift Card, visit balance.amexgiftcard.com and enter your Gift Card’s Security Code, Expiration Date, and Card Number.

Tips on how to Money out American Express Gift Card

Whether you don’t need to make use of the gift card in stores, or you only need money now, there are a couple of ways to convert your Amex Gift Cards to Money with just a little little bit of work and creativity.

Listed here are some ideas on tips on how to convert Amex Gift Cards to money.

Ask For a Refund

In the event you are the one which purchased the American Express Gift Card, it might be possible to get a refund on the acquisition.

While there are particular terms and conditions that apply, you’ll be able to see the cardholder agreement for details. You may also call 1-833-205-8622 to learn the way you’ll be able to get a refund in your purchase.

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Take Advantage of Local Laws to Money Out Small Balances

Depending on where you reside, it’s possible you’ll have the ability to convert your Amex gift cards to money if the balances are small.

Some states have laws that require retailers to convert remaining gift card balances to money if the balance is under a specific amount.

While these balance requirements are typically small (under $10) and do vary from state to state, it might probably be price checking, especially if you may have multiple gift cards. Check the cash-out requirements by locality here. 

Add Your American Express Gift Card to a Digital Wallet

Do you repeatedly use Google Pay, Samsung Pay or Apple Pay?

If that’s the case, add your American Express Gift Card or eGift Card to your digital wallet to make use of when making regular purchases.

This may be done by opening the wallet app in your device and entering your card number or by taking an image of the plastic card. 

Sell Your Gift Card

If you may have an Amex gift card or one other form of gift card, some online marketplaces, gift card kiosks and check cashing stores may buy your gift card for money.

When you will lose a percentage of your gift card, since these retailers won’t give you the total gift card value, this could still be an efficient strategy to access a majority of the worth in money.

Walmart has an internet gift card website where you’ll be able to redeem gift cards for money at www.cardcash.com.

One other strategy to sell your gift card is to achieve this in local online groups comparable to a Facebook marketplace.

Some individuals have found success selling gift cards for barely lower than the worth, comparable to selling a $50 gift card for $45. Be prepared to offer proof of the gift card balance before completing the sale.

Buy a Money Order

Some American Express Gift Card holders have had luck with purchasing a money order with their AmEx gift card after which redeeming the money order for money.

Depending on where you buy the cash order, this may increasingly or will not be possible since some locations would require a present card with a pin for money order purchases.

If that is so, it’s possible you’ll have the ability to make use of your AmEx gift card to buy one other gift card with a pin, after which purchase the cash order. Remember before doing so, there could also be fees for purchasing gift cards, in addition to for purchasing or cashing money orders.

Buy Items and Return for Money

While I haven’t personally tried this unconventional method, it’s price mentioning as a possible choice to convert your American Express gift card into money.

You’d need to seek out a store that provides money returns, purchase items using your gift card, then return these things for a money refund.

It’s not essentially the most straightforward process and comes with a couple of caveats – not all stores will provide money refunds and lots of are tightening up their return policies. Some may only offer refunds to the unique type of payment to discourage fraud.

I’ve received quite a few gift cards through the years as gifts and prizes. Sometimes these gift cards are a fantastic fit and my family can use them straight away.

Other times we are usually not in a position to use them and getting money for the gift cards can be more helpful for our budget. While sometimes cashing out gift cards can take a little bit of creativity, it might probably provide extra money. 

In the event you’re wondering tips on how to convert Amex gift cards to money, it’s possible you’ll have the ability to achieve this in a couple of alternative ways. Whether you do it by adding your gift card balance to your digital pay account, buying a money order or selling your gift card, it is feasible to get money with a little bit of work and creativity.

Have a way of converting Amex gift cards to money that we missed? Leave it within the comments below!