More American Express Gift Card Portal Data Points
Yesterday I covered how Top Cashback had a one day offer of 2.25% on Amex Gift cards which was all but ruined by new language limiting cashback to denominations of $200 or less. In yesterday’s post I theorized that this language would make its way to other portals. Unfortunately, the news this morning isn’t good.
I have found that some portals have removed American Express gift cards (probably temporarily) and others have now updated the language. Here is a quick run down of the major portals and where they stand as of 5am ET on 8/21 regarding cashback on Amex gift cards.
- Top Cashback – Cashback not available on denominations over $200.
- Simply Best Coupons – Cashback not available on denominations over $200
- BeFrugal – American Express gift cards are not currently listed on the portal.
- Mr. Rebates – Cash Back not available on gift card denominations over $2,000.
- Ebates – Cash Back is not available on gift card denominations over $2,000
- Lucky Rewards – Denominations over $2000 are not eligible.
- Extra Rebates – Denominations over $2K are not eligible for ExtraRebate.
As you can see, Simpy Best Coupons has now added the new language and BeFrugal has temporarily removed the cards from their site. My guess is that they will alter the terms before putting them back up. To me, these two are the biggest to look at, because other than Top Cashback, they are the portals that most often run increased cashback promotions. The other portals with $2,000 still listed are smaller and probably haven’t updated their terms. Ebates seems to be the sole outlier.
If I was going to purchase an American Express gift card through any portal where the old terms remained, I would make sure to take a timestamped screenshot to be able to prove that their site was showing the old terms at the time of purchase. What could happen is that their affiliate links will not pay out and thus they won’t pay you. If you have to challenge a payout, then you will need some sort of proof.
Will It Come Back
The one thing to remember is that American Express has tweaked their gift card portal program several times over the years. You used to be able to get up to 4% back at times before they pulled the cards from portals completely late last year. Of course they did eventually come back, so this latest change could only be temporary. We will see.
I think it is safe to say that the days of 2% or more back on high denomination Amex gift cards are probably over for now. As of the time this post is published, the highest cashback rate you can get is 1% through a portal that still has the old terms. Probably not worth it for that amount, but if you do decide to buy, be prudent and cover yourself.