Turn American Express/AMEX Reward Cards into Cash

How many of those cards can someone get in a week? Usually they are $20-$40 and gone in one grocery shopping trip.

Quote from Buckyball60 : How many of those cards can someone get in a week? Usually they are $20-$40 and gone in one grocery shopping trip.

Consider you have a 5% credit card cash back on grocery, it would be a $5 loss out of $100 trip.

Quote from qwe1234 : Consider you have a 5% credit card cash back on grocery, it would be a $5 loss out of $100 trip.

I don't care, my time is more worth to waste it for peanuts with some customer service.

Quote from bb182 : You can also get the refund deposited via ACH in 15 business days rather than waiting 20 days for a check.

Could you tell me how to do this?

Quote from ericliujian : Could you tell me how to do this?

Call them up like you were going to request a check and say "I received this card through a rebate and I would like to request a refund via ACH".

Quote from bb182 : Call them up like you were going to request a check and say "I received this card through a rebate and I would like to request a refund via ACH".

And then all I need is to tell them my bank account number?

Quote from ericliujian : And then all I need is to tell them my bank account number?

In addition to the normal information for a refund (card info, name, address, phone) you'll need bank name, routing number, and account number.

Sometimes the reps don't know about the refund process or that ACH (direct deposit) is an option for these cards. If they seem nice you can ask them to double check, but don't be afraid to say never mind and call again for a different rep.

Quote from bb182 : In addition to the normal information for a refund (card info, name, address, phone) you'll need bank name, routing number, and account number. Sometimes the reps don't know about the refund process or that ACH (direct deposit) is an option for these cards. If they seem nice you can ask them to double check, but don't be afraid to say never mind and call again for a different rep.

Ok. Thank you for your help.

While I can see the benefit of cash, unless you are dealing with a huge number or large dollar values, wouldn't it just be easier to buy Amazon e-gift cards with them and deposit it in credit effectively at Amazon.com? No cards to worry about losing this way. Credits are good forever and just about everyone buys stuff from Amazon.

I miss the good old days of getting a physical check. I really don't want to play guessing games with gift cards.

This thread was very useful. Thanks OP.

as a sder like im surprised fellow sders here resign to using them on purchases and loosing cash back from credit cards, the more you do this the more it adds up to missing out, if you have too many GCS that you will not be able to extract the cash out like with AP then it is understandable, but I would avoid using them for a real purchase whenever I can. I have never tried using them to pay CC bills I wish oyu can though because I have too many gcs that I just cant put the funds to my bank account fast enough.

if anything it makes doing taxes easier too if you don't involve these pesky cards for expenses

You can also have them refund the amount to your credit card.

Quote from herethereanywhere : You can also have them refund the amount to your credit card.

How does that work? Do you just give AMEX any CC number and they issue a credit to it? Does it still take 15 days?