Good evening everyone, I hope your weekend is going well. I wanted to give a quick shout out to all of you who joined me at In-N-Out Burger this afternoon for my OC miles and points meetup. I had a great time meeting and speaking with all of you. I will organize another OC meetup in a few months.
Anyway, a long, long time ago, the American Express Prepaid Card for Target (aka AMEX for Target) was one of the few/best MS techniques available at the time. Back in the day, you could load up to $1,000 with credit/debit/gift cards for a $3 fee and unload the card via cheap ATM withdrawals. You could have 2 cards in your name and load up to $5,000 combined per month. It was far from a perfect MS technique, but it was the best we had at the time.
Even though the AMEX for Target has outlived its usefulness, the program was still supported by American Express and Target… until the announcement that the program will be discontinued on May 6, 2016. At that point, the program will no longer be supported. This news is not entirely surprising or noteworthy, but on the bottom of the letter, there was a special offer to sign up for the AMEX Serve Card and get a $25 bonus.
There are a few hoops to jump through to get the $25 bonus, but it should be pretty easy for most people to complete.
Since my previous AMEX Serve Card was flagged by AMEX a few weeks ago (read AMEX Serve Card Mass Account Closures Effective Immediately (1/8/2016, Section 15.d)), I wanted to see if I could open up a new AMEX Serve Card using the special link in the letter (www.serve.com/AXPTarget). Unfortunately, as soon as I submitted my application, I got an immediate denial and received the below email. I found it strange that is says my account number on the email even though my account was not approved. Does American Express create an account number then immediately deactivate the account? I have no idea.
If you were planning on opening an AMEX Serve Card, you might as well use the above link to earn a $25 bonus. If you have any questions, please leave a comment below. Have a great weekend everyone!