Normally when we see high cash back portal payouts on American Express Gift Cards, it’s from Big Crumbs and they reach as high as 3.5% cash back. After liquidating my most recent order today, I decided to do another round of American Express gift card orders. Checking CashbackMonitor, I was surprised to find a payout of 4% from Lucky Rewards. The site is affiliated with the magazine of the same name, which dubs itself a “shopping and style” magazine, so I guess it’s not entirely strange that they’re running a cash back portal.
In any case, 4% cash back is as high as I’ve ever seen – aside from the 6% cash back you can net from using the Barclay Arrival Plus card in conjunction with the Barclay Rewardsboost portal. Whether you have an Arrival card or not, the 4% cash back offered by LuckyRewards is a better deal if you prefer cash back over travel rewards.
If you convert the 30,000 Arrival miles per $5,000 order to statement credits, you end up with just $150. Using those points for travel would net you $300. But if you’re just looking for cash back, you’d earn $200 per order through the LuckysRewards portal in addition to 5,000 points or more from your credit card, depending on which one you use.
If you have an American Express Fidelity card, combining the 2% cash back with the 4% shopping portal bonus would be the most lucrative path, brining in a combined 6% in cash back.
Through May 11, most shopping portals list promo code FPMOM, which waives the purchase fee on American Express gift cards. Now the only expense left is shipping, which can range from $5.95-$8.95. Sign-up for a free trial of the American Express Premium Shipping plan and you’ll get free shipping for 90 days. This wipes out your fees altogether and the only expenses you’ll have to worry about are those involved in cashing your gift cards out. You can cash out via Amazon Payments, American Express for Target, and by buying Visa/Mastercard gift cards and loading those onto Bluebird and using bill pay to pay off your credit card.
I’ve never used LuckyRewards before, so I can’t vouch for it. However, I suggest you take screenshots throughout the transaction as proof in case your click-through and purchase isn’t tracked. I recommend you do this with every portal, regardless of your past experience or the portal’s reputation.
There are a few other portals offering cash back that is higher than usual if you’re interested. Keep in mind some of these cash back amounts will expire tomorrow:
- Barclay Rewardsboost – 4 points per $1
- BeFrugal – 3% cash back
- Big Crumbs – 2.45% cash back
- TopCashBack – 2% cash back
Thoughts or questions? Feel free to comment below.
Disclosure: I will earn a commission if you sign up for an Arrival Card, BeFrugal, Big Crumbs, or TopCashBack with my links. Thanks for your support either way!
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