This deal is now over, make sure you follow us on Twitter so you never miss out again.
The Offer
Befrugal is paying out 2% for American Express Gift cards for possibly today ONLY (no details on their website).
Generally portals pay 1-1.5% : Currently TopCashback is paying 1.5% while Ebates had 2% payout yesterday via their mobile app.
(This increase to 2% from 1.5% is a moderate increase when buying gift cards in $2k denominations. The 0.5% increase equates to an additional $10 in portal payout per $2k giftcard.)
Fine Print
- DO NOT use any promo codes as they will invalidate any Cashback via the portal.
- DO NOT purchase any denominations above $2,000 as they will NOT earn Cashback. (Can purchase more than one card per transaction.)
- 2% Cashback on BOTH Personal and Business Gift cards
- BEWARE: Citi cards tend to AGC purchases count as cash advances with significant fees.
Keep in Mind
The portal payouts for American Express Gift cards have come down a bit over the past year (seen as high as 4x from Barclay’s Rewardsboost portal last April). It also seems that more restrictions have been implemented in regards to these purchases ($2k max denominations allowed via portals).
The Verdict
There have been several 2% cashback offers within the past 2 weeks. This might be a sign of good things to come and potentially higher payouts soon. I personally am going to purchase some gift cards because my order yesterday was cancelled.
If you don’t have a Befrugal account yet feel free to use my sign up link below which will get us both $5. As always you help and support of this site is appreciated.
Feel free to share your referral links in the comments.
(HT to Shawn at FrequentMiler)
Do you have any idea which credit card does not count AGC purchases as cash advances? I want to MS my Ritz Carlton CC but when I called Chase the rep told me cash advance limit could only be set to $100 but not 0…