Sunday, February 1, 2015

$3,000 American Express Gift Cards No Longer Eligible for Cashback from Portals

I have't seen any announcements about it yet, but Top Cashback and Ebates (Be Frugal has not yet - Updated now) have updated their terms to exclude gift card denominations above $2,000 from receiving any cashback.

This makes American Express Gift Cards slightly worse.  The $3.95 fee per gift card does not change.  You end up gaining about 0.5% less than previously on every gift card.

For what it is worth, my purchase of $3,000 gift cards on January 27th have cashback pending from Top Cashback.  I don't know when these new updates came out.