The American Express Company (AmEx) is a multinational financial services corporation. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average.
The Amex gift cards are prepaid payment cards with a monetary value stored in the card.
Amex gift cards can be used for the purchase of goods/services in any in-stores or websites that accept American Express cards.
Best Site To Sell AMEX Gift Card Instantly Online
We are aware of the gift card trading market in Nigeria and its many flaws. Cardtonic took it upon themselves to adequately study and understand the shortcomings of the market to improve it significantly. They created a convenient and simple platform to trade your cards that guarantees your payment in minutes. This is the best platform to sell your American Express gift cards.
You can download the platform on your mobile devices on the IOS store or Google Play Store or access the platform via the web. All you need to do is search for “Cardtonic”.
You can contact their support on Whatsapp at 07060502770 or support@cardtonic.com.
You can as well sell Nordstrom Gift Cards on Cardtonic.
Talking Of AMEX As A Proxy For Cash
As a method of payment, gift cards serve as a viable solution.
Meaning it is a digital asset that holds a monetary value that could be expended only at places that allow AMEX cards. Let’s say I load my AMEX card with $500, I would be able to purchase items worth $500 on any website or retail store that accept Amex as a form of payment.
Using Amex Gift cards as a proxy for cash could be of advantage for people who regularly purchase items from stores that accept AMEX cards.
How Can You Redeem an AMEX Gift card online?
Redeeming your Amex gift card online is like making a payment with your regular debit or credit card.
- Proceed to “Checkout”
- Input your name
- Card details (Number and scratched code)
- Amount
- Then submit.
Your cart would indicate a reduction depending on the amount you redeemed with your gift card.
Forms of Amex gift cards
Amex gift cards exist in two forms namely; physical and ecodes.
- Physical Amex Cards: These are branded Amex gift cards that can be purchased at physical stores like Target, Walmart, CVS pharmacy, American Express website, etc.
- Ecodes: Ecodes also can be purchased on the American Express website and other verified sites. Ecodes are digital Amex codes purchased online and sent to the recipient’s email or phone number.
Types of American Express Cards
1. American Express Prepaid Debit Cards
This simply requires you to fund your card. The prepaid debit card can be used anywhere AMEX cards are accepted as a method of payment. After checking the balance, and you realize that you have exhausted the money on your card, all you need to do is put more money in it.
2. American Express Credit Cards
Amex credit cards have a condition that cardholders must repay all the borrowed money including any agreed charges and interest. AMEX credit cards come in different types and have their respective preferred function. Like; The platinum card is best for luxury travel packages and the blue business cash card best for cashback rewards for business.
3. American Express Charge Cards
American Charge cards offer no interest. They require a payment of your account statement at the end of each month.
How Can You Check AMEX Gift Card Balance?
Even if your card is brand new, it’s best to check your balance online first to avoid any surprises at the cash register. Here is how to go about it.
- Visit the AMEX Website.
- Click on the ‘Cards’ tab
- Select ‘Gift Cards’ under the ‘Prepaid Cards’ section.
- Click on the ‘Check Balance’ tab located at the top right corner.
- Input the gift card details
- Input your email address.
- Click on the ‘Sign In’ tab.
Alternatively, you can as well watch the video below to see how to check your balance through your mobile device.
How Much Is $100 AMEX Gift Card?
The resale value of AMEX gift cards is usually very high, especially on a platform like Cardtonic which offers the best rates. Although the value of the card would never remain the same there is an opportunity to check the current value of your AMEX gift card on the Cardtonic platform by using the rate calculator feature.
A $100 AMEX gift card on Cardtonic usually goes from about 30000 – 50000 Naira.
What If You Want To Sell AMEX For Bitcoin or Paypal?
There are some other platforms that offer this service, which goes beyond the scope of this guide.
