Purchasing American Express Gift Cards through cash back and shopping portals to earn extra miles and points has been a popular manufacturer spend method over the last year. With some cash back sites offering 2-5% cash back and leveraging a 5X earning credit card, it was even possible to profit while earning free airline miles. However, those days seem to be over. Yesterday all major cash back and airline shopping portals dropped AMEX gift cards.
One prime mile opportunity over the last year included earning 3X Alaska Airlines miles purchasing AMEX gift cards through their shopping while using a high earning general spend credit card, such as the US Bank Club Carlson Visa (5X) or Barclays Arrival Plus (2X).
Previously there were multiple cash back and airline mile earning options available through CashBackMonitor.com, however all but a few 1% sites are left.
I guess the writing was on the wall when we saw AMEX gift cards dropped from Barclays RewardsBoost several months ago. Everyone was waiting (and hoping) for these to reappear, which they never did, and it was only time before Amex pulled them from additional sites. That said, at anytime they may relaunch on shopping portals so it may be worth periodically checking CashBackMonitor.com.
More now than ever, the current manufacture spending options are shifting. We’ve seen several of the most lucrative opportunities disappear over the last year, but I like to think when a door closes, another door opens.