Do you have any unused AMEX Gift Cards and you’re thinking of what to do in order to exchange or convert the Cards to Cash.
Here on this page, I will show you the 7 working methods and best ways to Cash Out on your AMEX Gift Cards in 2024.
American Express (AMEX) gift cards can be used as a good choice for gifting your family and friends and even for personal use as well.
American Express gift cards are very popular sets of gift cards that offer convenience and flexibility.
Are you sitting on a pile of AMEX gift cards, wondering how to turn them into cold, hard cash? You’re not alone.
Whether you received them as gifts or earned them through rewards programs, AMEX gift cards offer flexibility – but sometimes, you just need cash.
In this guide, I will be sharing with you tips and strategies that will help you know the most efficient and practical methods to cash out on your AMEX gift cards in 2024.
From online exchanges to creative strategies, we’ve got you covered. Let’s dive in and unlock the full potential of your gift cards right away.
7 Ways To Cash Out On Your AMEX Gift Cards In 2024
- Sell AMEX Gift Cards for Cash on Gift Card Exchange Platform
- Trade Your AMEX Gift Cards for Cryptocurrency
- Use Your AMEX Gift Card to Pay Bills or Utilities
- Exchange AMEX Gift Cards for Cash on P2P Platforms
- Use AMEX Gift Cards to Purchase Money Orders
- Add Your AMEX Gift Card to a Digital Wallet
- Purchase Discounted Items and Resell for Cash.
1. Sell Your AMEX Gift Card to Online Gift Card Exchange Platforms
One of the quickest ways to convert your AMEX gift card to cash is by selling it via online gift card exchange platforms like GiftCardsToNaira.
These gift card exchange platforms buy your gift cards at high rates by allowing you to sell your card for cash and receive payment in return.
GiftCardsToNaira is a gift card exchange platform that offers the highest rates for all gift cards, including the AMEX gift card in Nigeria and Ghana.
Here’s how it works:
- Choose a reputable platform like GiftCardstoNaira.
- Create an account and verify your email address.
- Login and go to the “Sell Gift Cards” menu, then select AMEX gift card, enter the amount and upload the image of your card.
- Wait for it to be redeemed and confirmed by the platform.
- Once done, you’ll receive payment in your account wallet and then withdraw via your chosen method (Bank Account, MoMo or USDT).
For quick and fast transactions, you can sell or trade your gift cards directly on our mobile app; download the GiftCardsToNaira Mobile App.
2. Trade AMEX Gift Cards for Cryptocurrency
For the tech-savvy or those interested in digital assets, trading your AMEX gift card for cryptocurrency can be an exciting option.
Platforms like Koyn and Ridima allow users to exchange gift cards for Bitcoin and other cryptocurrencies.
Here’s the Process:
- Sign up for any of these exchange platforms that accept gift cards.
- Verify your account and set up a crypto wallet.
- Navigate to the gift card trading section.
- Enter your AMEX gift card details and select your desired cryptocurrency.
- Complete the trade and receive your crypto.
3. Use Your AMEX Gift Card to Pay Bills or Utilities
Did you know you can use your AMEX gift card to cover everyday expenses?
Platforms like GiftCardsToNaira allows you to pay Utility bills, Airtime/Data subscription, or fund your betting wallets using your gift card balance.
Follow these steps:
- Create an account on Gift Card Trading Platform like GiftCardsToNaira.
- Locate Add your AMEX gift card as a payment method.
- Select the bill you want to pay and enter the payment details.
- Choose your AMEX gift card as the payment source.
- Confirm and complete the transaction.
4. Exchange AMEX Gift Cards for Cash Using Peer-to-Peer Platforms
For a more direct approach, consider selling your AMEX gift card on peer-to-peer (P2P) platforms like Facebook Marketplace or Craigslist.
This method allows you to connect directly with potential buyers in your area.
Here’s how to do it:
- Choose a P2P platform and create a listing for your gift card.
- Clearly state the card’s balance and your asking price.
- Respond to interested buyers and arrange a safe meeting place.
- Verify the card’s balance with the buyer present.
- Complete the transaction and receive cash.
When using P2P platforms, always prioritize safety. Meet in public places and consider using secure payment methods for larger transactions.
5. Use AMEX Gift Cards to Purchase Money Orders
Another creative way to cash out your AMEX gift card is by using it to purchase money orders.
Many stores like Walmart or 7-Eleven offer this service, allowing you to convert your gift card balance into a form that’s easily deposited into your bank account.
Follow these steps:
- Visit a store that sells money orders and accepts gift cards as payment.
- Request a money order for the amount on your gift card (minus any fees).
- Use your AMEX gift card to pay for the money order.
- Deposit the money order into your bank account or cash it at a check-cashing service.
Before attempting this method, call ahead to confirm that the store accepts gift cards for money order purchases, as policies can vary.
6. Add Your AMEX Gift Card to a Digital Wallet
In today’s digital age, transforming your AMEX gift card into usable funds is easier than ever.
By adding your card to a digital wallet like PayPal or Venmo, you can transfer the balance to your bank account with just a few taps.
Here’s a step-by-step guide:
- Open your preferred digital wallet app (e.g., PayPal or Venmo).
- Navigate to the “Add Payment Method” section.
- Select “Add a card” and enter your AMEX gift card details.
- Once added, transfer the balance to your linked bank account.
7. Purchase Discounted Items and Resell for Cash
For those with an entrepreneurial spirit, this method can potentially yield the highest returns.
By strategically using your AMEX gift card to purchase discounted items and reselling them, you can not only cash out your card but potentially make a profit.
Follow this strategy:
- Research products with high resale value on platforms like eBay or Amazon.
- Use your AMEX gift card to purchase these items during sales or at discounted prices.
- List the items for sale on marketplaces like Jumia or Konga.
- Once sold, receive payment directly to your bank account or preferred payment method.
Frequently Asked Questions On Ways To Cash Out On AMEX Gift Cards
1. Can I transfer my AMEX gift card balance to my bank account?
Yes, you can indirectly transfer your AMEX gift card balance to your bank account using digital wallets like PayPal or Venmo.
Add your gift card to the Paypal or Venmo account wallet, then transfer the balance to your linked bank account. Keep in mind that fees may apply.
2. What is the best way to get the full value of my AMEX gift card?
To maximize your AMEX gift card’s value, consider selling it on any online gift card exchange platforms or using it to pay bills online.
These methods typically offer the highest return rates, helping you cash out your AMEX gift cards efficiently in 2024.
3. Are there fees when Cashing out AMEX gift cards?
Yes, most cash-out methods involve some fees. These can vary depending on the platform or service used.
For example, peer-to-peer platforms might charge a small percentage, while services like PayPal may have set transfer fees.
Always check the fee structure before proceeding with any cash-out method.
4. Can I use AMEX gift cards internationally?
AMEX gift cards can be used internationally, but acceptance may vary by country and retailer.
If you’re planning to use your card abroad, it’s worth noting that Visa gift cards typically offer broader acceptance for international use.
5. Can I combine multiple AMEX gift cards into one?
Some platforms and digital wallets allow you to consolidate balances from multiple AMEX gift cards.
However, this feature depends on the specific service you’re using.
Check with your chosen platform or wallet provider for their policy on combining gift card balances.
Conclusion
As stated above, there are numerous ways to cash out on your AMEX gift cards in 2024.
From selling on gift card exchanges to trading for cryptocurrency, each method offers unique advantages.
The best choice for you depends on your priorities – whether it’s speed, convenience, or maximizing value.
Remember, the key to successfully cashing out your AMEX gift cards lies in choosing the method that aligns with your needs and comfort level.
Whether you opt for the simplicity of digital wallets or the potential returns of reselling discounted items, you now have the tools to turn your gift cards into usable cash.
We encourage you to explore these options and find the perfect fit for your situation.
Have you tried any of these methods to Cash out from your AMEX gift cards today?
Share your experiences in the comments below – your insights could help others make informed decisions.
Happy Cashing Out!
