A Gift card is a payment tool that lets you buy goods from specific stores. As the name implies, the card are gift from family members, friends or any other person for different reasons such as birthdays, holiday celebration and many others.
Anytime you buy one, you often load it with money electronically and then person making use of the card then presents it to any store that accepts the cards to buy goods or services.
Gift cards can be physical or virtual, and the physical ones are the plastic ones that you are able to see and touch. As previously said, you can use them at physical store or online to buy goods and services. All you need to provide is the number, the CVV, and the expiry date in order to authorize the payments.
On the other hand, the virtual one as the name implies is only for online uses and the all the details of the card you need to provide it online so as to fund any transaction.
Want to Cash out American Express Gift Card? then stay glued to this article as I will show you how to do so in this article.
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What is An American Express Gift Card?
American Express, also known as Amex, is a multinational corporation dealing with payment card services. Its headquarters are at 200 Vesey Street in Battery Park City in New York City.
The company started its operations in 1850 and is among the 30 components of the Dow Jones Industrial Average and collaborates with banks worldwide to offer payment card services. You will learn how to cash out the American Express gift card later.
How to Get An American Express Gift Card
Obtaining a gift card from American Express is quite easy and you can purchase it online by visiting the AMEX gift card website. Regardless of the person for whom you are buying it, you need to have enough money in your bank account or debit card for the purchase.
Depending on your interest, you are able to get personal or eGift cards whereby you can choose a value ranging between $25 - $3000 and then add a custom message.
Incase you are a business man, you can also get business gift card for your clients, groups and customers. If you buy a tangible gift card, you will get it at your physical location.
Also, you are able to obtain the eGift Cards via email delivery where you only receive the card details and then you are ready to use online. So you will require the recipient email address so that you will be able to receive it direct from the company.
eGift cards often arrive at their destination within 15 minutes, however they can occasionally take up to 24 hours. There are several gift card categories offered by American Express, including Milestones, Thank You, Anytime, Congratulations, Birthday, and Shop Small.
Below are the various cards that you can get from the company include the following:
- Rose Gold Ribbon
- Love Balloons
- Shiny Ribbon
- Rose Gold Shimmer Box
- Gold Sparkle
- Custom Gift Card
- Congratulations Mint
- Silver Diagonal
- Thank Pinstripes
- Custom Gift Card
- Birthday Candles
- Blue Bow
- Retirement Navy
- Gold Delight
- Baby Moon
How to Cash Out an American Express Gift Card
Well most of the people being offered an American express gift card do not even know that you can cash out the money in it. It is of no doubt that everyone is use to withdrawing money from ATMs using debit, credit or prepaid cards.
Unlike a debit or credit card, you cannot withdraw money at an ATM point using a gift card but there are several other ways that you can use to get money out of the card.
Most gift cards have numerous ways to cash out and in the same way you are not able to transfer money from Amazon gift card to bank account is the you cannot with an AMEX gift card unless you make se of indirect ways.
You should be aware of the value of your card before you exchange it for cash. Visit the balance AMEX gift card website and enter your card number, security code, and expiration date to check the balance on your American Express gift card.
The quantity of money you need withdraw will then be clear to you. You can cash in your gift card in the ways listed below.
1. Ask For a Refund
One of the ways through which you can cash out American Express Gift card is by demanding for a refund if you are the one that bought the gift card. A time may come when you are not in need of the card or may be you purchases the card earlier without proper planning or you simply just changed your mind.
2. Cash-Out Small Balances by Law
This method mostly applies if the balance is small and if you are a resident of the United States of America since merchants are directed to convert small balances to cash. This method only applies if your balance is less than $10 and the requirement may differ from State to State.
3. Sell Your Gift Card
Some businesses charge a fee to exchange gift cards for cash. While some operate online, others conduct their operations in actual stores. You can sell your Amex gift card via gift card kiosks, check-cashing businesses, or internet markets. Keep in mind that you will lose some of the money because of the costs.
For instance, CardCash allows you to cash out Walmart gift cards. On social media, you may also sell your card. As an illustration, Facebook features a gift card marketplace.
4. Buy a Money Order
A money order in simple terms is a written and signed document with a particular value of money that you are able to redeem at a bank. Luckily, most of the money sellers accept gift cards so it is easier for you to cash out from your card. As soon as you purchase the money order, you can cash it out at a bank.
5. Add it to Your Mobile Wallet
There are mobile wallets that support gift cards, as I have explained. Similar to adding a debit or credit card and using it for your purchase, PayPal enables you to add one. As a result, you can add one, start a PayPal to bank transfer, and then take money out of your bank account. That is, incidentally, a covert technique to move funds from a gift card to a bank account.
How to Use an American Express Gift Card
Just like several other cards, an American Express gift card allows you to carryout many different transactions such as making use of your card to purchase goods and services online.
During the process of purchasing goods from online stores, all you have to provide is the number, expiry dates and the security code. From here, the system then deducts the spent amount from your card account.
When using your tangible gift card, you need to present it to the cashier at the register, who then deducts the right amount and hands it over to you. Remember that you can also use your physical gift card online.
Are American Express Gift Cards Secured?
Thanks to the multiple security layers used today, gift cards are safe to use. When you acquire one, you receive a PIN that enables you to guard against fraudulent card use.
You must, however, exercise extreme caution when dealing with con artists that entice you to provide your card information in order to steal it. A large number of people have unwittingly lost money in this way.
You must only use reputable websites to make payments. Your card information is protected in this way. Some retailers might obtain the data of your card and use them to pay off your card balance. Generally speaking, you will always be protected as long as you exercise caution.
What Other Product Can I Get From American Express?
American Express does not only deal gift cards since you can obtain several other products such as
- Personal cards
- Personal checking
- Personal Loans
- Savings Accounts
Some of the personal cards you can get from the company include The Platinum Card®, American Express® Gold Card, Blue Cash Preferred® Card, and Cash Magnet® Card, among other debit cards. AmEx also issues prepaid cards called American express Serve cards.
Final Thoughts on How to Cash Out American Express Gift Card
American Express, usually referred to as AmEx, is a global company that offers payment card services. In New York City's Battery Park City, at 200 Vesey Street, are its main offices.
The company sells gift cards online, allowing you to order either a virtual gift card or physical gift cards that will be sent to your home. If you don't need to use your gift cards, there are several options to cash them out.
Frequently Asked Questions
How can I turn an American gift card into cash?
Go to a Gift Card Exchange kiosk to trade your card for cash. A Gift Card Exchange kiosk is usually bright yellow and located in a grocery store. Insert the card information into the kiosk and then choose to accept or reject the offer the kiosk gives you.
How can I get the money off my gift card?
Yes, you can use a store gift card to acquire cash. If a gift card is closed-loop (only valid at a specific retailer), you can sell it to a gift card reseller to receive cash. For instance, gift cards from stores like Target, Sephora, Home Depot, and others can be redeemed for cash..
Can I transfer a gift card to my bank account?
Yes. You can transfer money from a visa gift card to your bank account. To transfer visa gift cards to bank accounts, it is important you understand what type of prepaid card you have. Basically, visa gift cards are the same as Visa credit cards in usage.
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