The “deal”, if we can call it that, is being offered today only, until 11:59PM PST (8/20/2015)! You can get 2.25% cash back on Amex Gift Cards when you shop through topcashback.com. But this one is different from the usual promos. Only Gift Cards with $25, $50, $100, $200 denominations are eligible for cash back.
I’d stay out of this promo and wait for the next one. Hopefully this is not a new trend but just a one time thing.
TopCashBack was the best cash back portal for Amex gift cards with 2.25% but the new rule change that lowers the eligible denominations from $2000 to $200 kill it a viable option for manufactured spending. With a $3.95 fee, the $200 amex gift cards would have a cost of almost 2% and above that if you add shipping.
We’ll have to see how this develops and if other portals make similar moves.
BeFrugal usually offers 2.2% cash back and SimplyBestCoupons offers 2% cash back. Currently they are not running promos and they’re offering the standard 1.5% cash back. However their terms haven’t changed and they’re paying cash back on up to $2,000 denominations.
Keep in mind
- Don’t use a Promo Code, it will cancel out the 2.25% cash back.
- Don’t use your Citi cards, they usually will get processed as cash advances.