Have you ever received an American express gift card from someone a friend, colleague or employer and you completely don’t know what to do with it? Do you want to know how to convert American express gift card to cash?Have you purchased an American express gift card then you lost interest in using it to purchase anything, then you wish to exchange it for cash?
Your gift card is a valuable asset not a waste, it can be converted back to cold cash. American express gift card is one of the most popular gift card in USA wish can be used it almost all retail store. You might not want to purchase anything, you might just want cash.
People are also asking: How do I redeem an American Express gift card for cash? Can I turn gift card to cash? Can I add American Express gift card to cash App? How do you turn gift cards into regular money?
In this article we’re going to some of the simple ways on how to turnAmerican express gift card to cash.
How to convert American express gift card to cash
American Express gift cards cannot be used for recurring billing or at ATMs. So how do you turn your gift card into cash?. You can do this using the following methods;
Sell your American express gift card on e-commerce website
They’re several e-commerce website that you can list your gift card and have many potential buyers waiting to buy. Some of this website are ebay, craigslist, Facebook marketplace and others. Reselling your gift card on this platforms could be a valid option. All you need to do is list your gift card with the price you want to sell it , but you have to keep in mind that if you want to sell faster you will need to keep the price slightly lower than the gift card, for instance if gift card balance is $50 you’ll have to sell it for $45.
Retail Arbitrage
If you’re someone that is interested in making some profit from your gift card then you should consider this option. Keep it in mind that you’ll need to put in effort. How does this work? To make this work, all you need to do is go to Retail stores look for popular items that has high demand and are on discounted prices, purchase them using your American express gift card, then resell those items to people or on other marketplaces such as ebay, Facebook marketplace etc. This method will work perfectly if you’re not in need of urgent cash.
Ask For A Refund
If you are the one that purchased the American Express Gift Card, it may be possible to get a refund on the purchase.
While there are certain terms and conditions that apply, you can see the cardholder agreement for details. You can also call 1-833-205-8622 to find out how you can get a refund on your purchase.
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Buy items for people and ask them to reimburse you in cash
You must have someone who wants to make a quick purchase of an item online or in retail store. You can use your American express gift card to buy the item for them then they give you the money in cash. This actually pretty easy if it is really urgent you can hang around any retailer store and ask any costumer if you can use your gift card and buy then they give you the money in cash. This is actually advantageous because you wouldn’t get cash below the worth of the gift card.
Buy A Money Order
Some American Express Gift Card holders have had luck with purchasing a money order with their American express gift card and then redeeming the money order for cash.
Depending on where you purchase the money order, this may or may not be possible since some locations will require a gift card with a pin for money order purchases. If this is the case, you may be able to use your American express gift card to purchase another gift card with a pin, and then purchase the money order. Be aware before doing so, there may be fees for purchasing gift cards, as well as for purchasing or cashing money orders.
American gift card is a great gift for everyone. But when someone needs cash in hand instead it might seem like a waste, but There’s a saying that nothing goes to waste in the universe, whether this assertion is true or not, the answer is relative.
Can I add American Express gift card to cash App?
Cash App supports debit and credit cards from Visa, MasterCard, American Express, and Discover. Most prepaid cards are also supported, but depositing to these cards does not work. ATM cards, Paypal, and business debit cards are not supported at this time.
When you realize that you can convert your American Express(Amex) Gift Card into cash using any of the above method, you may believe that nothing goes to waste, indeed.
