Gift card trading has become a significant part of our daily activities, even as it is one of the best ways to make money online in Nigeria. But as there are many gift cards, you can trade with American Express (AMEX) gift cards among the top interests of gift card traders.
As such, you may want to know how much is a $100 AMEX gift card in Nigerian naira.
We can not overemphasize the relevance of gift cards in trade and investment in this digital age, as they are digital assets of real-time face value that you can use for various purposes.
This is why gift cards are better than regular gifts because gift cards can be likened to holding a prepaid card that avails you of payment for products and services, which may not function in that capacity in most instances.
AMEX gift cards, just like other top gift cards, give you the confidence of having a cash-in card, which you can use in your volition anytime.
You can not use your AMEX gift card to withdraw cash. Instead, you can redeem your gift card for products at various stores that accept American Express card payments.
Let’s look at trading your AMEX gift cards, which is the buying and selling of the card.
But as a $100 AMEX gift card is one of the popular denominations among Nigerians, this article gives you an overview of the exchange value of your $100 AMEX gift card in Nigerian naira.
How Much Is Buying $100 AMEX Gift Card In Nigerian Naira?
The value of a $100 AMEX gift card is not fixed when you want to buy the card in Nigeria. Currently, you can buy a $100 AMEX gift card between N55,000 and N75,000.
This may vary across various gift card trading platforms, but you can be sure of buying your card around that range.
How Much Is Selling $100 AMEX Gift Card In Nigerian Naira?
At the time of writing this article, the value of a $100 AMEX gift card ranges from N50,000 to N70,000. This is according to the gift card rate calculator on Prestmit. But, it is important to note that this value is subject to change at any time.
Factors That Determine The Naira Rate Of $100 AMEX Gift Card In Nigeria
1. Real Exchange Rate
One major underlying factor that affects the value of the AMEX gift card in Nigeria is the real exchange rate. This is owed to the US dollar conversion to the Nigerian naira, which is not fixed.
Therefore, the real exchange rate outlook in the local and international markets will exchange the conversion rate of a $100 AMEX gift card to the naira.
It is then incumbent on you to be conversant with the real exchange rate of the US dollar to the naira to inform your decision on when to buy or sell AMEX gift card.
This is because an increase in the exchange rate will increase the value of the $100 AMEX gift card, and a decrease would reduce its value.
2. Gift Card Market
The economics of demand and supply also play a significant role in the value of gift cards like the AMEX cards.
As such, the naira equivalent to the US dollar may increase if the demand for a $100 AMEX gift card is high, but the value of the naira drops when the demand is low.
This is due to the understanding of attracting more users of the card when the value of buying the card is low, compared to the event of its high value.
Where To Trade A $100 AMEX Gift Card In Nigeria
Prestmit is the greatest option here as it is one of the best gift card trading platforms in Nigeria and Ghana. So you can be sure you are on the right path when trading your gift card on the platform.
You can buy and sell your AMEX gift cards at the best rates you can not find elsewhere besides the platform.
There is a range of trading tools on Prestmit to make your buying and selling seamless while you save more.
Aside from the $100 AMEX card, you can trade other denominations, like a $200 AMEX card and a $500 AMEX gift card on our platform.
How To Sell $100 AMEX Gift Card For Nigerian Naira On Prestmit
The following are the quick and simple steps to sell your AMEX gift card on Prestmit:
- Download the Prestmit app on the Google Play Store or Apple Store.
- Create a Prestmit account and log in.
- Click on “Buy & sell gift cards.”
- Click on “Sell gift cards.”
- Choose “Naira NGN” as your preferred payment method.
- Select “American Express” in your gift card categories.
- Choose your gift card type.
- Enter “100” in the amount box.
- Upload the image of your AMEX gift card or enter the code in the comment section.
- Click on “Proceed” to complete the transaction.
- You will immediately receive payment in your Prestmit wallet upon the confirmation of the transaction.
You can withdraw your funds into your bank account or pay utilities. You can buy cheap airtime, buy data, pay for a cable tv subscription, fund your betting account, or pay electricity bills on Prestmit.
In addition, you can use your fund in Nigerian naira to buy gift cards or cryptocurrencies on Prestmit.
This means multiple opportunities for your funds after selling your $100 AMEX gift card on our platform.
Frequently Asked Questions (FAQs)
How Much Is $100 American Express Gift Card In Nigeria Today?
When writing this article, a $100 AMEX gift card is between N55,000 and N65,000 if you want to buy your AMEX card, but you can sell this same card value at the range of N50,000 to N60,000 in Nigeria.
You will get this amount in Nigerian naira when you sell your $100 AMEX gift card. This rate is according to the gift card rate calculator on Prestmit and can change anytime.
Therefore, you must know that gift card rates in Nigeria depend on factors like the real exchange rate of the US dollar to the Nigerian naira in Nigeria and the outlook of the global gift card market in terms of demand.
Where Can I Buy And Sell My AMEX Gift Card?
While there is a proliferation of gift card trading platforms in the Nigerian gift card market, Prestmit leads the cart for buying and selling gift cards, including AMEX gift cards.
Prestmit holds its crown as a reliable and credible gift card trading platform, with over 400,000 daily users on our platform.
How Much Is $200 AMEX Gift Card In Naira?
The value of a $200 AMEX gift card in Nigeria is between N150,000 and N170,000. This is if you are selling the card.
How Can I Sell AMEX Gift Cards In Nigeria?
You can sell your AMEX gift cards using gift card trading platforms or social sites. But in this instance, I recommend that you use Prestmit, on which you can sell your card instantly for payment options like naira or Bitcoin.
Conclusion
An AMEX gift card is an excellent prepaid card that provides excellent opportunities when you have one. You can not but imagine how many products you can afford with your $100 AMEX gift card if you want to redeem it.
However, you may go outside the box of redeeming or gifting the card by selling your AMEX gift card at the best price when you trade on Prestmit.
Start trading your gift card with us.
