Author Topic: Amex Gift Cards for SPG Bonus  (Read 6722 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?
“I have nothing in common with lazy people who blame others for their lack of success. Great things come from hard work

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 ?
“I have nothing in common with lazy people who blame others for their lack of success. Great things come from hard work

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)

Online 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: April 22, 2017, 02:30:04 AM »
load to venmo, send to trusted friend, withdraw to bank

Offline sam2015

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Re: Amex Gift Cards for SPG Bonus
« Reply #13 on: April 28, 2017, 04:32:47 PM »
That's awesome thank you

1) Does this work with VGC and MC as well?
2) Why isn't this discussed more often - I"ve never seen it on DDMS as a way to liquidate (a lot better than giving as a bar mitzva gift ;D)?

Offline 12HRS

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Re: Amex Gift Cards for SPG Bonus
« Reply #14 on: April 28, 2017, 04:48:52 PM »
1) Does this work with VGC and MC as well?
2) Why isn't this discussed more often - I"ve never seen it on DDMS as a way to liquidate (a lot better than giving as a bar mitzva gift ;D)?

no.
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Offline ChaimMoskowitz

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Re: Amex Gift Cards for SPG Bonus
« Reply #15 on: April 28, 2017, 05:16:33 PM »
no.
Have you tested all the different BIN's?
I just found a new supply of forks!

Offline 12HRS

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Re: Amex Gift Cards for SPG Bonus
« Reply #16 on: April 28, 2017, 06:01:01 PM »
Have you tested all the different BIN's?

Fair point. Fixed my above post

not as far as I know.
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Offline SoloExperiment

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Re: Amex Gift Cards for SPG Bonus
« Reply #17 on: April 28, 2017, 08:50:25 PM »
Have you tested all the different BIN's?

Venmo limits you to adding 6 CC/debit cards per 6 months. AGC work well because they have such a high value (up to $3k), unless you absolutely had to unload $3k worth of (6x$500) VGC I can't imagine why you'd go through the hassle of doing it through Venmo

Offline JACKBLUE

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Re: Amex Gift Cards for SPG Bonus
« Reply #18 on: April 29, 2017, 09:35:33 PM »
Venmo limits you to adding 6 CC/debit cards per 6 months. AGC work well because they have such a high value (up to $3k), unless you absolutely had to unload $3k worth of (6x$500) VGC I can't imagine why you'd go through the hassle of doing it through Venmo
or else? What's the best way to unload 6x500visa GCs?

Offline ChaimMoskowitz

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Re: Amex Gift Cards for SPG Bonus
« Reply #19 on: April 29, 2017, 09:51:25 PM »
Venmo limits you to adding 6 CC/debit cards per 6 months. AGC work well because they have such a high value (up to $3k), unless you absolutely had to unload $3k worth of (6x$500) VGC I can't imagine why you'd go through the hassle of doing it through Venmo
How is Venmo with tracking accounts?
I just found a new supply of forks!