There are no limitations to what you can do with an American Express gift card. They can be used to purchase products and services anywhere in the US in as much as the store or service provider accepts them — and there are very few that don’t. If you’re reading this, chances are you have an American Express gift card or two burning a hole in your pocket. Before using your Amex gift card, you should know some of the benefits. We have rounded up what you stand to gain when you have an American Express gift card. From rewards and benefits to being a worth exchange for other digital assets, here are top 5 benefits of American Express gift card.
5 Benefits of American Express Gift Card
Balance Transfer Offer: The Amex gift card offers tend to come with monthly balance transfer offers. And this gives you the luxury of transferring your credit card balances to a low-interest introductory offer card, for you to enjoy a better rate of interest. In exchange for this, Amex reduces your monthly balance, which can save you a lot of cash. However, you should be cautious of transferring balances before the introductory duration elapses. As it can make your monthly payments higher, and you may be at the risk of losing the money paid as interest.
Rewards and Benefits
One of the benefits of the Amex card is the benefits and rewards. Some of these benefits span from debt reduction to improving your credit score and other bonuses. Other rewards and bonuses you gain are gift certificates or lower interest rates on purchases, etc.
Protection on Returned Goods
Should there be an issue with your purchased item, you are allowed to return it within 90 days from the date of purchase, as American Express may refund the full purchase price, up to $300 per item, up to a maximum of $1,000 per account per calendar year based on the date of purchase. However, there are extra clauses to this, and terms apply.
Convert American Express Gift Card to Bitcoin
Another perk of having an American Express gift card is that it can be converted to Bitcoin on gift card exchange platforms such as Prestmit. Prestmit is one platform you can convert your Amex gift card as well as other gift cards, for cryptocurrency. To exchange your Amex gift card or other gift card on Prestmit, all you have to do is download their mobile app and begin trading.
Protection of Fraud and Abuse
American Express enables consumer protections that protect you from fraud and abuse. Making sure you never spend more than you can afford to pay back and that you never spend more than you can go shopping, are some of the customer protections on Amex.