Author Topic: Amex Gift Cards for SPG Bonus  (Read 323 times)

Offline yad

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Amex Gift Cards for SPG Bonus
« on: April 20, 2017, 11:07:16 PM »
Hey all,
I'm new here and after reading a bunch and being encouraged to vacay a bit better I started by applying for the Amex SPG card
when reading about the all time high 35k bonus. So have the card and need to spend 3k in the first 3 months and 2 more in the next 3.

Today I saw an offer to receive a $10 statement if I spend $200+ on an AMEX gift card. $4 fee + $9 to ship.
But if I get a $2000 card that's less than 1% fee plus it says right there that you get points, so they should be worth close
to $50 on their own. Already a nice deal (maybe do all purchasing via gift cards?) but will that count towards my sign-up bonus?

The t&c of the card application mentioned not valid on purchases that are equivalent to cash, but that is not very specific?

I've searched this question a bunch, seeing very mixed answers...anyone have recent success?

Offline SoloExperiment

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Re: Amex Gift Cards for SPG Bonus
« Reply #1 on: April 20, 2017, 11:35:43 PM »
1) You definitely need to learn to do a better job searching, this has been discussed 10+ times in the last month...There are not mixed answers
2) Yes, buy a $2000+ amex giftcard (use code FREESHP17A for free rush priority shipping and pay the $3.95 fee)
3) Liquidate via Venmo
4) Done.


Offline yad

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Re: Amex Gift Cards for SPG Bonus
« Reply #2 on: April 20, 2017, 11:47:08 PM »
1) You definitely need to learn to do a better job searching, this has been discussed 10+ times in the last month...There are not mixed answers
2) Yes, buy a $2000+ amex giftcard (use code FREESHP17A for free rush priority shipping and pay the $3.95 fee)
3) Liquidate via Venmo
4) Done.

I found mixed answers on other websites, here I didn't find anything at all, hence i need to do a much much better job at searching :) though I knew it was impossible for it to have not been....

I don't understand step 3, is that necessary or is that just to get money back immediately vs waiting and spending the gift card?

thanks for the quick help

Offline Z56

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Re: Amex Gift Cards for SPG Bonus
« Reply #3 on: April 21, 2017, 12:06:04 AM »
1) You definitely need to learn to do a better job searching, this has been discussed 10+ times in the last month...There are not mixed answers
2) Yes, buy a $2000+ amex giftcard (use code FREESHP17A for free rush priority shipping and pay the $3.95 fee)
3) Liquidate via Venmo
4) Done.

Any fees to liquidate via venmo?
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Offline Z56

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Re: Amex Gift Cards for SPG Bonus
« Reply #4 on: April 21, 2017, 12:07:11 AM »
Hey all,
I'm new here and after reading a bunch and being encouraged to vacay a bit better I started by applying for the Amex SPG card
when reading about the all time high 35k bonus. So have the card and need to spend 3k in the first 3 months and 2 more in the next 3.

Today I saw an offer to receive a $10 statement if I spend $200+ on an AMEX gift card. $4 fee + $9 to ship.
But if I get a $2000 card that's less than 1% fee plus it says right there that you get points, so they should be worth close
to $50 on their own. Already a nice deal (maybe do all purchasing via gift cards?) but will that count towards my sign-up bonus?

The t&c of the card application mentioned not valid on purchases that are equivalent to cash, but that is not very specific?

I've searched this question a bunch, seeing very mixed answers...anyone have recent success?

How many points are you talking about ?
True friends are like diamonds, precious and rare. False friends are like leaves, found everywhere.

Offline yad

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Re: Amex Gift Cards for SPG Bonus
« Reply #5 on: April 21, 2017, 12:40:57 AM »
How many points are you talking about ?
35,000

Offline maylei

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Re: Amex Gift Cards for SPG Bonus
« Reply #6 on: April 21, 2017, 12:48:07 AM »
How do I liquidate through Venmo?

Offline SoloExperiment

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Re: Amex Gift Cards for SPG Bonus
« Reply #7 on: April 21, 2017, 07:26:35 AM »
Venmo reads AGC as debit, no fees. $2999.99 limit per week.

Offline maylei

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Re: Amex Gift Cards for SPG Bonus
« Reply #8 on: April 21, 2017, 07:27:18 AM »
Venmo reads AGC as debit, no fees. $2999.99 limit per week.
That's awesome thank you

Offline SoloExperiment

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Re: Amex Gift Cards for SPG Bonus
« Reply #9 on: April 21, 2017, 08:48:42 AM »
Just realize that if your account is new they will suspend it after 2-3 weeks of sending $3k/wk (no funds are frozen, just no more peer transfers)

Offline Aerial Dag

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Re: Amex Gift Cards for SPG Bonus
« Reply #10 on: April 21, 2017, 10:26:17 AM »
It's best to have "normal" Venmo activity on your account to avoid shutdown

Offline Z56

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Re: Amex Gift Cards for SPG Bonus
« Reply #11 on: April 21, 2017, 11:36:29 AM »
It's best to have "normal" Venmo activity on your account to avoid shutdown

How to cash out my AGC on venmo?
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Offline Oceanblue

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Re: Amex Gift Cards for SPG Bonus
« Reply #12 on: Yesterday at 02:30:04 AM »
load to venmo, send to trusted friend, withdraw to bank