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2.25% Cash Back on American Express Gift Cards
American Express gift cards have appeared and disappeared from portals several times over the past couple of months. Just a few weeks ago they made their latest disappearance, but it seems they have returned to at least some portals.
Top Cashback is probably the largest portal that is currently offering cashback for the purchase of American Express gift cards. For 24 hours only (ending 1/1/2015 at 9am EST), they are paying 2.25% back for their purchase. This matches the highest bonus we have seen for quite awhile.
Not So Fast
For anyone who is not familiar, many people are able to generate a profit by buying American Express gift cards through portals. Keep in mind though that these gift cards are not pin-enabled and thus cannot be loaded to Bluebird/Serve like Visa/MC gift cards.
Frequent Miler has a great FAQ about these gift cards and liquidating them, although some of the info is out of date.
If you are someone who has purchased these cards in the past, keep in mind that coupon codes will invalidate the cash back. Otherwise, buy away! This is about as good as a deal on these cards as we have seen lately.