Gift cards have become a viable digital asset to access products and services. This is reflected in its wide use as it has a real-time value that makes it better than ordinary gifts. Their growing popularity has also extended to major payment card issuers like American Express (AMEX), Visa, and MasterCard, providing gift cards in addition to credit/debit cards they offer. Therefore, create an AMEX account with a gift card to enjoy American Express’s features and benefits.
Overview Of AMEX And Its Accounts
American Express is a renowned multinational financial services corporation that is one of the leading providers of prepaid, credit, and charge cards, as well as traveler’s cheques to individuals and businesses.
The company also processes transactions made with its logo-bearing cards, such as the Platinum Card from American Express, the Delta SkyMiles Blue Card from American Express, and the Blue Cash Everyday Card from American Express.
However, it should also be noted that AMEX processes cards issued by third parties. Therefore, AMEX provides a broad functionality for different types of cards, with little or no card restriction with an AMEX account.
Types Of AMEX Accounts
1. AMEX Rewards Checking Account
AMEX Rewards Checking account is an account that offers AMEX Membership Rewards on all purchases made by the associated debit cards as earn one point for every $2 spent on eligible purchases, which is about 8 cents for every point earned. It also provides an annual percentage yield (APY) of 1%.
You can have this account when you hold an AMEX gift card, and this enables you to use American Express gift cards at restaurants and other places. But you must have an existing AMEX consumer credit card to become eligible for the account. There is also an opportunity for you to manage your account online or in the American Express app.
2. AMEX Savings Account
This is a high-yield savings account (HYSA) that is highly competitive, offering an APY of 4.25%. AMEX savings account has no minimum balance requirements and no monthly fees, as your interest is compounded daily and deposited monthly.
How To Create AMEX Account With A Gift Card
Here are the steps to open AMEX account with AMEX gift card:
- Visit the official AMEX website and click “Register.”
- Enter the 15-digit card number and 4-digit CVV at the back of the card.
- Fill in your date of birth and personal information to set up your AMEX account.
- The account creation is completed upon entering all these details.
However, there is a caveat, which is you can only create AMEX Rewards Checking account using your AMEX gift card. So, using this card does not apply to opening an AMEX savings account.
Therefore, as you can sell AMEX gift cards to make money, you can also use them to create an AMEX account to enjoy a shopping, dining, and travel experience. For instance, you can use an AMEX gift card for shopping on Amazon and other stores that support the card.
Frequently Asked Questions (FAQs) About Creating AMEX Account With A Gift Card
Is It Free To Create An AMEX Account?
Yes, it is free to open an AMEX account. This is because there is no minimum balance requirement and monthly fees to open an account or earn interest for both AMEX Rewards Checking accounts and Savings accounts.
Can I Use AMEX Gift Card To Open Account On American Express?
Yes, you can easily use your AMEX gift card to create an AMEX account. Simply visit the official AMEX website to open an account. You will be required to provide your card details and personal information to set up the account.
Can I Create An AMEX Account Without Card?
You can create an American Express account without a card just as you can with a card. In setting up an AMEX account without a card, you must provide personal details like your full name, email address, country of residence, and date of birth.
Can I Have Multiple AMEX Cards?
It is possible to have multiple AMEX cards. But you must adhere to the rule of having not more than five (5) cards at a time. If you exceed this limit, you may need to cancel one of your cards to get another.
Conclusion
American Express allows you to access a wide range of products or services at stores or places that accept its payment cards. These could be credit/debit cards, prepaid cards, or the AMEX gift card. You can only achieve this if you become an AMEX member by creating an AMEX account.
Therefore, the understanding of how to create an AMEX account with a gift card, as highlighted in this article, would guide you to enjoy the perks and benefits of American Express online and offline.
