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I used AMEX Serve to liquidate a few visa gift cards that I bought from Staples recently using Chase Ink Plus. You can sign up for a Serve account here. Note: You cannot have a AMEX Bluebird account and Serve account at the same time. There may be ways around this, but I had my wife sign up for Serve. Here are the steps I used to liquidate my visa gift card. Update 12/3/12 – Only Visa Gift Cards from Gowallet will work with AMEX Serve, the $500 Vanilla gift cards won’t.
1. Registered my visa gift card on https://www.gowallet.com/visagift
2. Signed up for Serve.
3. Linked my Visa Gift Card to Serve.
4. Loaded a $200 transaction with my Visa Gift Card (click add button).
5. Liquidated Visa Gift Card by linking to Bank Account.
Here are the Terms:
“You can add up to $1,000 per day via an ACH transfer from your bank and up to $200 per day via debit card, and up to $100 per day via credit card or debit card (there is a monthly debit card load limit of $1,000 and a monthly credit card load limit of $250). You may add up to $2,500 to your Serve account per month, depending on your account limits. You can add money from your linked U.S. bank account, U.S. credit card, or U.S. debit card up to thirty times in a calendar month. You can add up to $500 a day with a MoneyPak® (MoneyPak purchase fees may apply).”
According to the terms, you should be able to link $500 Visa Gift Cards and transfer $200 a day to Serve. If you buy 2X $500 Visa Gift Cards at Office Depot with Chase Ink Plus or Chase Ink Bold, thats ~5,000 extra points a month. Also what’s interesting is you can buy MoneyPak’s and load $500 per month up to $2,500 a month. That could be a potential ~12,500 points a month! Let me know if anybody has tried this. However, I will plan to use AMEX Serve to liquidate my other VISA gift cards first. Have fun experimenting everyone.
Credit goes to FM’s Post here.