Author Topic: Amex Gift Cards and Amex financial review  (Read 1287 times)

Offline danR

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Amex Gift Cards and Amex financial review
« on: October 22, 2014, 07:15:00 PM »
How much can in Amex gift cards can I buy without triggering a financial review on my Amex Plat Biz?

topcashback is offering 2.25% on purchases today and could be a money maker depending how much you buy and how you liquidate the cards.

For simplicity I was going to buy 2 cards with $3000 on each which cost $6,016.85 (including card fee and shipping) get me $135.38 in cash back. I liquidate those cards on Amazon register at 1.75%, I would net $30.38 and meet my spending theshold.

Offline kangarruu

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Re: Amex Gift Cards and Amex financial review
« Reply #1 on: October 22, 2014, 07:43:50 PM »
How much can in Amex gift cards can I buy without triggering a financial review on my Amex Plat Biz?

topcashback is offering 2.25% on purchases today and could be a money maker depending how much you buy and how you liquidate the cards.

For simplicity I was going to buy 2 cards with $3000 on each which cost $6,016.85 (including card fee and shipping) get me $135.38 in cash back. I liquidate those cards on Amazon register at 1.75%, I would net $30.38 and meet my spending theshold.

Personal gift cards have a limit of $5k per 15 days.

Offline danR

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Re: Amex Gift Cards and Amex financial review
« Reply #2 on: October 22, 2014, 07:51:02 PM »
What about business

Offline kangarruu

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Re: Amex Gift Cards and Amex financial review
« Reply #3 on: October 22, 2014, 08:05:57 PM »
What about business

Business is much higher ($75k? I'm not even sure), but YMMV on getting business cards approved without a legitimate business.

Offline ChaimMoskowitz

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Re: Amex Gift Cards and Amex financial review
« Reply #4 on: October 22, 2014, 08:14:53 PM »
Business is much higher ($75k? I'm not even sure), but YMMV on getting business cards approved without a legitimate business.
IIRC business orders have two different levels of 35k and 75k.
I just found a new supply of forks!

Offline danR

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Re: Amex Gift Cards and Amex financial review
« Reply #5 on: October 22, 2014, 08:40:14 PM »
I have an Amex biz card will I get FR'd by Amex for $6k of gift card purchases?