Have a $500 Amex gift card. What's the best way to turn it into cash? Not working on venmo

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Use it for hotel travel and expense it

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PayPal? You send it to a friend and they send it back. From what I’ve heard never tried it though

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If these are things you might be getting more of in the future (or from awards), consider buying a square, setting yourself up as the vendor, and then paying that amount to you. You’ll lose a few percent on the transaction plus the initial cost of the device, though you could sell it later theoretically

Buy a money order at the post office and then cash it. It’s basically the same as manufactured spend

Thank you all. I don't expect too many of these. But I feel like I lose the 3.75% minimum cashbacks that I get on every purchase when I pay with a credit card if I use the gift card instead.

From what I hear pay order requires a debit card with a code which the gift card doesn't have. So it's either PayPal or using it to pay at a hotel (can probably get away with it once or twice).

OP - Then it makes sense for you; I use the gift cards to pay bills since I get 1.5% for those, which is less than the 3% that cost me to use PayPal.

TK1 - last time I tried PayPal charged me the 3% for Amex gift card. Maybe user error. Will try next time and see.

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