Purchase Amex Gift Cards with 2.25% Cash Back

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I received an email from TopCashBack this morning letting me know that for TODAY ONLY, you can purchase American Express gift cards through their online shopping portal and get 2.25% cash back. While this probably is not worthwhile for most of you, it is great for those that have Targets new REDCard. You are able to load those REDCards with an Amex gift card (or any other gift card or credit card) up to $2,500 a day and $5,000 a month. Amex Gift Card

So let’s say you purchase $5,000, you can make the purchase with your credit card (get 5,000 points) and $112 cash back through TopCashBack.com. You will also be charged $16.85 total for processing and shipping charges. You can then unload the gift card to your REDCard at Target. This will not work to load to Bluebird, and I am not sure about Serve (but looking into it). 

Some things to know:

  • Do not use a promotion code for no purchase charges or else you will not receive the cash back. You will be charged $3.95 per gift card regardless if you purchase a $25 or $3,000 card.
  • Do not use a Citibank credit card, you will most likely get charged a cash advance fee
  • You will be charged $8.95 regardless of the number of gift cards you purchase.
  • There is a $10,000 limit on Consumer Gift Cards and $100,000 limit on Business Gift Cards per 14 days.

To see a complete guide of purchasing Amex gift cards through a Cash Back portal and some other ideas on how to unload them, make sure to check out Frequent Miler’s complete guide.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


  1. I wanted to confirm the fees associated with purchasing Amex gift cards. You mention above $16.85 for processing and shipping and when I go to check out the charge is $3.95 for processing each card and $8.95 for shipping. Do you have a code for free shipping without voiding the topcashback payout?

    • @Mark – Using any code will negate the cash back unfortunately.

      You can purchase up to $3,000 with one gift card and each gift card comes with a $3.95 fee. To purchase $5,000 worth of gift cards, per my example, in the post you’d incur two $3.95 fees.

  2. Did American Express just change the limits? You say 10k/100k every 14 days for personal/business gift cards, but it has been 5k/75k for as long as I can remember…

    • @Justin – That was pulled off the topcashback.com site. That might be how much cash back you are allowed over 14 days. Let me look into it and I will get back to you.

  3. Just returned from Target…supervisor tried several times to load prepaid card with Amex gift card and it did not work. She mentioned that one cannot load prepaid card with a gift card. Has anyone had luck using Amex gift cards? If so, is there a trick? Thanks.

  4. I just talked to two AMEX customer support people and they said it is $10,000 in 28 days for non-personalized consumer cards and %$5,000 in 14 days for personalized. It would be nice to know who is right before going to far and getting denied!

  5. @Brian FWIW, I successfully ordered 5K today and my last purchase was 13 days ago, not the 14 I would normally wait. The rep I talked to stated 10K was the new limit for personal cards. I wish I had clarified whether this is temporary or permanent. In any case, I would go ahead and order, I think you’ll be approved.

  6. @Maxx7 I do not know what the difference is between gift cards but do not think one would want to use VGC’s when you can load with a credit card(and no fee). The reason to use a Amex GC is to make money on the transaction by getting cash back through a portal(such as topcashback).

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