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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.

101 Comments

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#91
Did 10 of my reward cards and it took about 40 minutes.
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#92
Is this supposed to be dead as of 1/15/15?
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#93
Quote from qwe1234 View Post :
Is this supposed to be dead as of 1/15/15?
no need to yell or bold in red...

any amex reward card issued from 4myrebate after 1/15/15 is no longer eligible for a refund.
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#94
How about the rebate card from Canon?

Quote from smarterman64 View Post :
no need to yell or bold in red...

any amex reward card issued from 4myrebate after 1/15/15 is no longer eligible for a refund.
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#95
Quote from uclawason View Post :
How about the rebate card from Canon?
the terms on the rebate form don't explicitly state anything, so you'll have to call and find out.

you can check the terms on the small pamphlet and see though. (i'd like to know if you do find out as i just submitted one. but i'll likely call amex to see what they say).
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#96
I just cashed out four of them several days ago, but didn't notice at that time AMEX has changed their policy on tigerdirect rebate cards, so we need sb find it out.

Quote from smarterman64 View Post :
the terms on the rebate form don't explicitly state anything, so you'll have to call and find out.

you can check the terms on the small pamphlet and see though. (i'd like to know if you do find out as i just submitted one. but i'll likely call amex to see what they say).
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#97
was just able to turn canon rebate amex card to check today- pending 20 bus days
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#98
So what's the best way to get the cash off of them, now that we can't refund 4myrebate anymore?
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#99
Quote from WhatNow49 View Post :
So what's the best way to get the cash off of them, now that we can't refund 4myrebate anymore?
spend them.
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#100
Just called and no checks anymore for all cards issued after Jan 2015.
But the TOS still says checks are allowed.

Quote :
The Reward Card is subject to applicable law; a $2.00 monthly service charge applies but is waived for the initial four (4) months after receipt by cardholder. See cardholder agreement for complete terms and conditions. If you prefer a check, simply call the toll free number on the back of the Reward Card upon receipt and follow the telephone prompts.
I had to load several cards to NE GC just to buy 1 HDD.
What are some good strategies for maximizing the return on these cards?
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#101
Found this thread via googling. Just called now to get my Canon rebate card turned into cash and they said they can direct deposit it or mail me a check. I chose direct deposit and she said it'll be about 15 days.

Glad I found this cause I had no idea what to do with this rebate card!
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#102
FYI, on my card for a McAfee rebate through Tiger Direct, I just spoke to a supervisor at Amex and he confirmed that this program existed though 2014 (duh, I used to use it), but that it is no longer eligible for any card that was activated from 1/2015 on. Obviously ymmv on other cards / retailers, so it's probably worth the quick call, but your odds are probably lower than in the past.
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