Amex Gift Cards with 2.25% Cash Back – Today Only!

This post may contain affiliate links from our advertising partners, such as American Express. Read my Advertiser Disclosure policy here. Additionally, some of the offers on this page may no longer be available through Deals We Like.

I just received an email from TopCashBack letting me know that for TODAY ONLY, you can purchase American Express Business 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 or like to participate in other manufactured spend opportunities. 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. Remember, this is for Amex Business gift cards, not the Consumer gift cards (the Consumer ones are only giving 1.5% cash back through the site).   Screen Shot 2015-04-22 at 2.05.58 PMWith this offer, gift cards over $2,000 are NOT eligible for cash back. This is for the Business gift card offer and is typically not the case for the personal gift card offers which I have written about in the past. With that being said, you are able to purchase multiple $2,000 gift cards in one transaction. Although, the Amex site is currently not selling $2,000 gift cards for purchase, so you will have to purchase multiple $1,000 gift cards. The downside with this is that there is a $3.95 fee per gift card regardless if is is for $$100, $1,000, or $2,000 (or any other denomination).

So let’s say you purchase $5,000 with your credit card. That will get you 5,000 points (assuming a credit card where you get 1 point per dollar spent), and  (get 5,000 points) and $112.50 cash back through You will also be charged $28.70 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. Also, some folks reported a months or so ago that they were not able to load these cards at their local Target, but that seemed like a case by case basis. As a rule of thumb, these cards should be able to load, but the cashier might not know how to do it. There are also some Targets (i.e., a few in Brooklyn) that are no longer allowing this. Many readers have reported success as well. Just wanted to throw that disclaimer out as some readers have reported issues.

Some things to know:

  • Do not use a promotion code 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 $1,000 card.
  • Denominations over $2,000 are not eligible for cash back
  • Do not use a Citibank credit card, you will most likely get charged a cash advance fee
  • eGift Card from American Express® is not eligible for cash back.
  • You will be charged a shipping fee of $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 (if you do not have Target REDCard and looking for other alternatives), 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. Why is the $2,000 card option not available when clicking through TCB but when I log into my AMEX normally, they are available? Forces those extra card fees. Must be AMEX’s way of recouping some of that cashback they are handing out.

    • @Chris – I went through TBC and straight to the gift card site with another web browser and didn’t see the $2,000 gift card option at either site. It looks like the $2,000 gift card options sold out earlier today.

  2. I tried to purchase the Gift Cards with my Discover IT Miles – the transaction would not go through because it was coded as a cash advance. (I have my accounts set at “0” for cash advances to make sure I would never be charged a fee.)

  3. I clicked on personalize card, entered 2k and was able to do it, got notification of $45 cashback. I did it twice on 2 new cc that need 2k min spend. I’m getting $90 back. Plus did Amex trial for free shipping (just have to cancel within 90days). I’m going to be getting lots of Amex cards in next 3 mo 🙂

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.