{ "media_type": "text", "post_content": "Is it possible to use the Amex gift cards (Cathy cash, applause awards) to trade in a brokerage account? I'm guessing the answer is no. Curious if anyone has made it work.", "post_id": "59568a8a7a3b53001690f578", "reply_count": 14, "vote_count": 4, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Is it possible to use the Amex gift cards (Cathy cash, applause awards) to trade in a brokerage account? I'm guessing the answer is no. Curious if anyone has made it work.

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Someone said that you could contact AmEx and have them turn it into cash, but it would take 6-8 weeks. Very interesting question... Really thankful for the money, but hope they find a way to make it cash next year. Would like to put it towards credit card debt...

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Bit coins next year

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Is there a place you spend $500 a year at? Grocery store for example. Free up grocery money and put trust towards investing. Why does it have to be that exact cash?

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^exactly D3. All of you make purchases. Just use the gift card on groceries, household products, anything and you can use it up in 1-3 months. Really easy

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Don't want to miss out on my ***points*** 🤷‍♀️ but yeah will probably just use it on random purchases. Was exploring alternatives.

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Bc we get kickbacks from the Amex corporate card.

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Lol ppl are never satisfied.

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No because bonus is taxed. Gift card is full amount. Trust me. It favors you

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You could always sell it at a slight discount? Great question

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Venmo it to someone and have them give you cash?

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Why do they even give it as a gift card? Just put the money in our accounts . . .

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I wish i could use it to pay my rent

D3, it's still taxed. The firm is paying whatever amount - tax = $500.

@D4 - they're saying that if they just put $500 in your bank account it would be taxed but this won't. So I guess it's good

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