Amex gift cards are a convenient gift solution, but sometimes you might prefer having cash instead of a card. Converting your American Express gift card to cash can be a bit tricky, but it’s certainly possible with some strategic steps. Here’s how you can turn that gift card into cash.
Before diving into conversion methods, it’s crucial to understand the terms and conditions that come with your Amex gift card. Generally, these cards cannot be cashed out directly at an ATM or bank. However, there are alternative ways to get cash equivalent to the card’s balance.
One of the most straightforward ways to get cash is by selling your Amex gift card. Online marketplaces like eBay or gift card exchange websites like CardCash allow you to sell your card for cash. Although you might not receive the full value of the card due to platform fees or discounts, it’s an efficient method to liquidate your gift card.
Steps to Sell Online
- Choose a Reliable Platform: Look for well-reviewed websites or marketplaces.
- List Your Card: Provide details like the card balance and any unique identifiers.
- Set a Competitive Price: Offering slightly less than the card’s value can attract buyers faster.
- Complete the Sale: Once a buyer purchases your card, follow the website’s instructions to finalize the transaction.
Use Your Card for Money Orders
Some stores allow you to purchase money orders with a gift card. You can then deposit these money orders into your bank account, effectively turning your card into cash.
Where to Buy Money Orders
- Post Offices: Check if your local post office accepts gift cards for money orders.
- Retailers: Some large retailers, like Walmart, offer money order services that may accept gift cards.
Use Your Amex Gift Card for Everyday Purchases
Another way to convert your Amex gift card to cash is to use it for your everyday purchases and save the equivalent cash amount. For example, use the card for groceries, and set aside the same amount in cash from your grocery budget.
Gift Card Exchange Kiosks
Some physical locations offer kiosks where you can exchange gift cards for cash. These kiosks are typically found in malls or large retail stores. Be prepared for a small fee, as they usually offer cash slightly less than the card’s balance.
Conclusion
While you cannot directly convert an Amex gift card to cash, these methods provide practical alternatives. Whether you choose to sell the card online, purchase a money order, or use it for everyday expenses, each option offers a pathway to get the cash you need. Remember to stay cautious and use reputable platforms to ensure a safe transaction.