Welcome to the updated Slickdeals redesign beta. Learn more and give us feedback. Or, return to the classic view.

Search in
LABOR DAY DEAL GUIDE Find out where you can save big bucks during this Labor Day weekend sale! See Deals
Forum Thread

Turn American Express/AMEX Reward Cards into Cash

Bondgamer 195 May 8, 2011 at 08:28 AM
Several rebate processors are now in bed with AMEX in giving out reward cards which are a pain to use and can not simply be deposited at your local bank. The rebate terms said I could bring it to a bank to deposit but that was not even true! If you don't use the cards for 6 months they start charging you $2 a month and you have to know the exact amount every time you use it. These things are designed to discourage their use.

If you want the cash you have to go through an extra step. When you get the card(s) call the phone number on the back (1-800-297-7327). You have to input the card number and security code. From the options, select 5 (more options) and then 0 to speak with someone.

You must say the magic phrase "I got this card from doing a rebate, I would like to request a check be sent to me". If you mention the word cash anywhere you will likely be denied unless the CSR is already familiar with this process. If they say they can't do it, then you need to convince them otherwise because they can. Tell them it said you could do this when you filled out the rebate form.

If you have multiple cards they can all be combined into one check. They will give you a confirmation number you should write down in case the check never arrives. The check will arrive within 20 business days.

Community Wiki

Last Edited by qwe1234 January 28, 2015 at 05:23 PM
dead


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

ACH transfer is also possible to request

1-800-297-7327
enter card # followed by #
enter 4 digit security code on front of card followed by #
when message starts, press 5, then 0

108 Comments

1 2 3 4 5

Sign up for a Slickdeals account to remove this ad.

Joined Mar 2007
L8: Grand Teacher
1,446 Reputation
#3
Why does everyone have a problem with these cards? What's wrong with using them to pay for stuff? I usually buy gas with them. I might miss out on some cash back I would get if I used a credit card but at least I didn't have to talk to any customer service agents.
Reply Helpful Comment? 0 0
Joined Jun 2007
L1: Learner
17 Reputation
#4
Quote from Shellac View Post :
Why does everyone have a problem with these cards? What's wrong with using them to pay for stuff? I usually buy gas with them. I might miss out on some cash back I would get if I used a credit card but at least I didn't have to talk to any customer service agents.
I agree, why waste so much time on the phone with CSR ?
Reply Helpful Comment? 0 0
Joined Jan 2004
L27 defender
29 Reputation
#5
I for one appreciate the OP. After Christmas, I have a stack of rebate cards worth several hundred dollars still needing to be used (just got a rebate card for $100 today). I usually use these for gas, but they still keep stacking up. Checks are wonderful and allow me to get back to earning rewards from my real credit cards. Thanks to the OP, I just spent less than 10 minutes on a phone to get a check for over $200. That is a handful of cards now that I don't have to worry about. I guess for some a few minutes on the phone is too much work for someone.

Note: I just asked if I could turn a rebate card into a check and the person had no problem doing it. He didn't even ask why. It was a hassle free conversation.
Reply Helpful Comment? 0 0
Joined Jun 2008
L5: Journeyman
195 Reputation
Original Poster
#6
Quote from pinaugust View Post :
I agree, why waste so much time on the phone with CSR ?
Managing a dozen of these cards is a lot more time consuming in my opinion than a 5 minute phone call.
Reply Helpful Comment? 0 0
Joined Feb 2010
Incurable Dealaholic
1,576 Reputation
#7
Thank you OP, this saved me a good deal of frustration. I hate managing these cards and letting AMEX take what pennies I don't use.

Spending the 10 mins on Google Voice was well worth it and is nothing when you hae a comfortable headset (G930) that is playing music in the background while you are doing mindless paperwork and reading emails.


+Rep all the way.
Reply Helpful Comment? 0 0
Joined Sep 2004
L3: Novice
18 Reputation
#8
I always pay my cable bill with them, its an easy way to use them up and i can make many small payments towards my bill on the cable website.
Reply Helpful Comment? 1 0
Joined Feb 2006
L10: Grand Master
2,089 Reputation
#9
Quote from Bondgamer View Post :
Managing a dozen of these cards is a lot more time consuming in my opinion than a 5 minute phone call.
Not really, put them all towards your cell phone bill, or buy gas cards, walmart gift cards, amazon GC, etc... with them. Jeez why is this always such a big deal for people?
Reply Helpful Comment? 0 0

Sign up for a Slickdeals account to remove this ad.

#10
Quote from Microtubule View Post :
Not really, put them all towards your cell phone bill, or buy gas cards, walmart gift cards, amazon GC, etc... with them. Jeez why is this always such a big deal for people?
Problem is that some of us don't pay for gas, groceries, or other misc bills. Being able to put this into my checking account is extremely convenient since I'm saving up for some nice things at IKEA that was just recently built in my state.

Oh, and I was able to get a CSR to turn my $75 + $20 cards into a $95 check just now. Didn't ask me any suspicious questions or anything.
Reply Helpful Comment? 0 0
Joined Mar 2006
L4: Apprentice
63 Reputation
#11
Quote from ScifiMike12 View Post :
Problem is that some of us don't pay for gas, groceries, or other misc bills. Being able to put this into my checking account is extremely convenient since I'm saving up for some nice things at IKEA that was just recently built in my state.

Oh, and I was able to get a CSR to turn my $75 + $25 cards into a $95 check just now. Didn't ask me any suspicious questions or anything.
So, you gave them $5 why? You do realize that at many stores (including Ikea) if you are buying something that they can take separate payments (they could take the $75, the $25 and then the balance in cash).
Reply Helpful Comment? 0 0
Joined Jul 2011
L2: Beginner
10 Reputation
#12
Thanks a lot OP! Expecting a few rebate cards from when I built my computer in June, so this will come in very handy!
Reply Helpful Comment? 0 0
#13
Quote from mwa423 View Post :
So, you gave them $5 why? You do realize that at many stores (including Ikea) if you are buying something that they can take separate payments (they could take the $75, the $25 and then the balance in cash).
Oops, I meant $20, not $25.

As for using multiple payments, I knew that already. I prefer having the money in my account first since I'm not sure when I may be using it. Always good to have some extra cash/money on hand in case of an emergency. wave
Reply Helpful Comment? 0 0
#14
thank you OP, although there are always people asking "why" in this type of threads in every single forum....
you've got a douzen; i have about 3 dozens...
repped for sure
Reply Helpful Comment? 0 0
#15
Quote from Joe55555 View Post :
I always pay my cable bill with them, its an easy way to use them up and i can make many small payments towards my bill on the cable website.
i get charged convenience fee of $2 Frown
Reply Helpful Comment? 0 0
Page 1 of 8
1 2 3 4 5
Join the Conversation
Add a Comment
 
Slickdeals Price Tracker
Saving money just got easier.
Start Tracking Today
Copyright 1999 - 2015. Slickdeals, LLC. All Rights Reserved. Copyright / DMCA Notice  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)