Do this Now: 3% Cashback on AMEX Gift Cards

Posted on December 16, 2013 by in Cash Back Deals

Manufactured spending is basically the act of putting extra spend on your points and mileage earning credit cards at little to no cost for the sole purpose of building up your miles/points totals. Sometimes, on rare occasions, you'll find an opportunity where you can actually do this and also make money. Buying AMEX Gift cards through topcashback.com is one of these opportunities. Recently, they've raised their cashback rate to 3%, so I wouldn't delay too quickly on getting on this deal. Here's the breakdown:


Do this Now:  3% Cashback on AMEX Gift Cards

Image from houstonpress.com

1. Sign up for a topcashback.com account. This is the shopping portal that is currently giving 3% cash back on all purchases of American Express gift cards. I'll get a small bonus if you sign up through my link here, but if you already have an account, you can skip this step.

2. In the topcashback.com search box, search for American Express gift cards. It will lead you to the link where it clearly states that you'll receive 3% cash back for these purchases. Click through the link and it'll open another window that takes you to the American Express Gift card site.

3. You'll note that the highest denomination on these cards is only $500 with a $3.95 fee. To get around this, what you need to do is scroll to the bottom of the same page and click the "Gift Cards" link at the bottom. This will re-route you to the main AMEX Gift card page and then you can purchase the same Gold AMEX Gift cards, but now with up to a $3,000 balance. I'd suggest you purchase this amount to maximize your time and cash back.

4. Fill out all of the information, enter your points/miles earning credit card and pay the $3.95 convenience fee and the $8.95 shipping fee. There are tons of promo codes out there that will take these off, but many accounts have shown that if you do this, you'll be negating the cash back portion of the transaction. It's extremely penny wise and dollar foolish to lose out on $90 to save $3.95.

5.Once you have the AMEX gift card, you can use the balances up like a regular credit card or you can employ Amazon payments to take $1,000 off of the balance every month. Frequent Miler has a good synopsis on the best ways to pay down these Amex gift cards here:

Here's the cost and benefits breakdown:

Costs: $3,000 for the card plus $3.95 for the convenience fee plus $8.95 for the cheapest shipping option.

Benefits: $3,000 for the card value + $90.38 cashback ($3012.90 x 3%) plus a minimum of 3013 points on your points/miles earning card. Lately, I've started to use the Barclays Arrival card which works out to a 2.22% cash back rate, so this would be an additional $66.28 in benefits earned.

Total: $90.38 cash back + 66.28 in effective cash back from the Arrival card points – $12.90 in fees = $143.76 in total cash and points earned. This is pretty much the definition of easy money to me so get on it while the deal's still around.


About the author: Torsten is a serial entrepreneur who started almost a dozen ventures on four continents. Torsten's love for travel has brought him to 130+ countries and travel with most of the world's airlines. You can reach Torsten at [email protected]

This post has been tagged with:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

Don't miss - more topics from Mighty Travels

AAdvantage | Aegean Airlines | Aeromexico | Aeroplan | Air Canada | Air China | Air France | Air France/KLM Flying Blue | Air India | Air New Zealand | AirAsia | AirBnB | Airline Reviews | Alaska Airlines | Alaska Mileage Plan | Alitalia | American Airlines | American Express | American Express Membership Rewards | ANA | Asia Miles | Asiana Airlines | Avianca | Avios | Avis | Award Booking | Bank Bonuses | Best coffee | Best Rate Guarantee | Best Western | British Airways (BA) | Capital One | Cash Back Deals | Cathay Pacific Reviews | Chase Sapphire Reserve | Chase Ultimate Rewards | Cheap flights | Cheap Passport Photos | Cheap Visas | Checking Accounts/ Bank Bonuses | China Airlines Review | Choice Hotels | Choice Privileges | Citibank | Club Carlson / Radisson | Credit Card Deals | Currency Arbitrage | Delta Airlines | Delta Skymiles | Destinations & Inspiration | Emirates Reviews & Skywards | Error Fares / Mistake Fares | Etihad Reviews & Etihad Guest | Expedia Coupons | Fare Monitoring Service | Frequent Flyer Programs | Fuel surcharges | Getaround | Google ITA Matrix | Hainan Airlines | Hawaiian Airlines | HHonors | Hilton Honors | Hilton Hotels | Hotel Corporate Codes | Hotel Deals | Hotel Friends & Family Discounts | Hotel Loyalty Programs | Hotel Reviews | Hyatt | Iberia | IHG Rewards Club | Immigration & Airport Security | Immunization | Japan Airlines | Jetblue TrueBlue | Krisflyer | Lifemiles | Lounge Reviews | Low Cost Airlines | Lufthansa Miles and More | Malaysia Airlines | Manufactured Spend | Marriott Hotels | Mighty Travels Premium | Mileage Plus | Mistake Fares | Mountain Gorillas | Norwegian | Online Shopping Mall Deals | Orbitz Coupons & Deals | Priority Pass Lounges | Qantas | Qatar Airways | Radisson Rewards | Rapid Rewards | Ryanair | Saudia | Singapore Airlines | South African Airways | Southwest Rapid Rewards | Sri Lankan | StarHOT | StarwoodONE | ThankYou Points | Things to Do (City Guides) | TOP Travel Destinations | Travel Agent Rate | Travel Deals | Travel Insurance | Travel News | Travel Tech | Turkish Airlines Review | Uber | United Airlines | United Mileage Plus | World of Hyatt | Wyndham Hotels | Wyndham Rewards |