The Offer
- Topcashback is offering a 5% bonus when you cash out for an American Express gift card
The Fine Print
- Available for a limited time only
Our Verdict
They are also offering a 4% bonus for Visa gift cards as well, that might be a better option for some people. From memory they used to offer 5% back on Visa as well.
Hat tip to FM
View Comments (10)
debating if this is the best rate 5% or wait it out. hmm
VGC doesn't work with Venmo. Most people would be better off ACHing to an interest-bearing bank account whenever payout is available, rather than waiting to accumulate enough to make the $5 physical GC option worthwhile.
$25 minimum to cash out in Amex card.
VGCs did give 5%, good catch. My only issues with the VGCs are the 6 month expiration and inability to use with card-linked programs that run on Plaid. The former is minor, and unless this fixes the latter, I don't see what the fuss is about.
Why would you ever want to use a VGC of this type with a card-linked program? If it is a regular VGC with PIN, then you can just cash it out regularly like any other (money orders, prepaid loads, etc). You can just use a regular credit card for in-store purchases that you can use with card-linked programs. Unless I'm missing something?
How do you cash out VGC ? You mean at atm ? Or cashbacks from store ?
Could you elaborate the process plz and also any catch ?
The VGC in question is a "virtual gift card." It's a card number, CVV, and expiration date - no PIN - and expires in 6 months. I guess one could have a cashier key it in, but I'm not so sure anyone would agree to do so. I'd just forgo the 5% bonus (and wait the extra week or so) if I really wanted cash.
The easiest way to quickly maximize your return is to get the virtual gift card (+5%) and use it to buy GCs on Raise, MPX, and/or Amazon (fill up your GC balance). I usually opt for MPX because I can liquidate the whole thing in a single step.
Just take 4% on visa and run? Easy to liquidate?
TCB has become one of the worst...not ever tracks anymore and they just state some random “other marketing channel” BS to deny paying. Recommend avoiding at all costs.
That's been my experience as well. My gift card purchase did not track, and when I try to contact them about it, it tells me to login. But I can't login because their website is broken. I tried to reply to their support e-mail, and I got an auto-reply saying it wasn't tracked.
Very unprofessional and not dependable at all. Avoid.