TopCashBack Kills Amex Gift Cards?

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.

topcash back amex biz gc

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.

If you need to put some spend on your cards right away, then go with BeFrugal or SimplyBestCoupons right now, even at 1.5%.

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.
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