Today, I found “American Express Gift Card” in Online Mall of Fuel Rewards Network (FRN). They stopped offering the deal last month along with other cash back portals like Befrugal and Topcashback. And these cash back portals and some others restarted the offer at the beginning of this month. FRN didn’t have an offer until yesterday, but they do today.
If you buy a $1000 AmEx GC, you will receive $1.00/gal discount which you can redeem at participating Shell gas stations, up to 20 gallons. Thus, FRN’s “1X rewards” is equivalent to 2% cash back. (click here to see more details of Fuel Rewards Network.)
Currently, the best rate of cash back portal is 1.5%. So, FRN is the best portal right now (at least for me and for those who drives a car.)
AmEx GC has a purchase fee; it is only $3.95 per card. You may find a promo code to waive the fee, but you’d better not use it because most likely you won’t receive a reward if you use it. (Neither will you when you purchase through other portals. see details here.)
Anyway, these are all good signs. More and more portals resumed the American Express Gift Card offer. What’s next? Will they raise the rate of cash back or reward? Not long ago, the best offer was 4% cash back from Lucky Rewards and 2X rewards from FRN. I hope this rate will be back soon.