Amazon Payments: Cash Out Gift Cards Bought to Meet Minimum Spend
Hilary Stockton

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Amazon Payments: Cash Out Gift Cards Bought to Meet Minimum Spend


Thank goodness for Amazon Payments, and being able to cash out gift cards bought to meet minimum spend. If, as with me, you don't have a Walmart anywhere nearby and so can't use that route to load gift cards onto your AMEX Bluebird, Amazon Payments enables you to send up to $1000 per month per adult in your household.

Normally I use credit cards, but recently, with the A&P, Pathmark, Food Emporium gift card deal (which ends today), I had a couple $500 gift cards that I preferred to cash out to get the funds back into my bank account quickly, rather than spending it.

1. Sign in to Amazon Payments


2. Go to Edit My Account Settings

Amazon Payments: Cash Out Gift Cards Bought to Meet Minimum Spend


3. Go to Add, Edit or Delete My Credit Cards and Click on "Add New Card" Button

If you have a number of credit cards, you'll need to scroll down to see the yellow "Add New Card" button.

4. Enter Your Gift Card Details with the Wrong Expiration Date, Then Go Back and Edit to the Correct Date

Enter in your name, address and other details and the card details *except* use an incorrect expiration date.

The reason you first want to enter the wrong expiration date is that if you enter the correct expiration date and it is recognized by Amazon Payments as a gift card, Amazon Payments will hold $1 to authorize it, so you would only be able to send $499 in the case of a $500 gift card until the authorization hold is released. By instead entering the wrong expiration date, then going back in and correcting it, you avoid having this $1 hold placed on your gift card.

Amazon Payments: Cash Out Gift Cards Bought to Meet Minimum Spend

5. Select Your Gift Card When Sending Money

Remember that in order to be able to send $1000 per month, your recipient must have verified his or her bank account details and driver's license; otherwise you'll only be able to send $500 per month. Assuming you're sending the payment to your spouse, partner or trusted relative or friend, you can easily get the cash back into your bank account.

It's normal for the payment to initially show as pending, although mine have tended to go through within a couple of minutes.

Amazon Payments: Cash Out Gift Cards Bought to Meet Minimum Spend


Have you used Amazon Payments to help cash out gift cards bought to meet minimum spend for a new travel rewards credit card?

Related Posts

Amazon Payments Shut Downs and Tips to Avoid Them

Use Amazon Payments to Meet Minimum Spend

Meet Minimum Spend on Credit Cards: Top 20 Tips

Gift Card PIN: Use as Debit Card to Load AMEX BlueBird or Get Cash Back

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Picture?type=large Flyer C. commented 12 Dec 2013
Wow! This is impressive! However, any ways to "buy" gift card from online, for those of us living outside US? I do have a "MyVanilla" Debit Visa card with me physically, if that helps.
Avatar_60_hilary Hilary Stockton commented 12 Dec 2013
Hmm, the physical MyVanilla card should work fine, but not aware of ways to get virtual gift cards. There's a link to some ostensible online gift card providers here, but when you actually click through, they all seem to be by mail: That said, unless you're getting a special bonus by buying gift cards (as I was as part of the grocery store deal, or as is sometimes the case when office supply stores run specials on them) it would make most sense to just use a credit card directly for Amazon Payments, specifically one you're working on meeting minimum spend for the signup bonus.
Picture?type=large Flyer C. commented 12 Dec 2013
you mean setting up two accounts and send money from one to another? Problem is, I only have access to one SSN, and I read what you said before, it will get flagged.
Avatar_60_hilary Hilary Stockton commented 12 Dec 2013
Yes, I recommend one account per SSN. That said, there are folks that have opened a couple accounts per SSN and have sent money in one direction, A to B, with no problems. You definitely *never* want to send back and forth between two accounts. It's up to you whether you want to take a bit of a risk and open 2 accounts per SSN--as always, YMMV.
User_avatar_default Aris S. commented 12 Dec 2013
I'm using Chase BA visa on Amazon payments nowadays (Huge spending requirement to get 100k Avios). I've added my spouse as an authorized user. Would it be risky for her to use this card on her Amazon Payments account? We could legitimately do that, but don't know how amazon payments would look at this!
Avatar_60_hilary Hilary Stockton commented 12 Dec 2013
I would avoid using the same credit card for both accounts--see And you should definitely *not* be sending payments back and forth to each other, a huge red flag for Amazon Payments.
User_avatar_default Aris S. commented 12 Dec 2013
We don't send back and forth. I send to person X and my spouse to person Y legitimately. But I was still worried if using the same card number could cause a red flag. Thanks for your reply.
Avatar_60_hilary Hilary Stockton commented 25 Dec 2013
Yes, if possible I recommend using a different card number.
User_avatar_default BT M. commented 22 Dec 2013
Hi Hilary, Can I do the Amazon Payment with an AMEX gift card too? As always, thank you for your short and concise tips and tricks. BTM
Avatar_60_hilary Hilary Stockton commented 25 Dec 2013
Yes, you can, although usually AMEX gift cards cost a dollar more than the Visa gift cards which is why I was recommending Visa. I also wouldn't recommend doing much with regular AMEX credit cards, as has been a known financial review (FR) trigger.
Picture?type=large Iliana B. commented 04 Jan 2014
New to this and reading from other blogs and forums, is it true that husband and wife should have separate bank accounts and separate payment accounts also. In doing so can we both send $1k per month?
Picture?type=large Kathy S. commented 05 Jan 2014
Thank you... just paid hubby with a USBank MasterCard (from the A&P offer) that I couldn't unload any other way
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