American Express Debuts eGift Card - Other News

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » American Express Debuts eGift Card

American Express Debuts eGift Card

Add to Favorites:
American Express Debuts eGift Card

American Express is at it again, introducing yet another new product to consumers. After having just recently partnered with the luxury automobile maker Mercedes Benz to offer two co-branded cards, AmEx is unveiling a virtual gift card well in advance of the holiday season. Called the eGift card, it is designed to be purchased and used online.

The only fees attached to the eGift card is a one-time, upfront $2.95 charge, after which the user will not have to pay an activation fee, a fee to check the card balance or any monthly service charges. Also, once loaded onto an eGift card, the funds will never expire.

“As consumers spend more time shopping online, we saw a need for a virtual gifting product,” said the company’s SVP and GM of the Americas with American Express’ Global Payment Options Stefan Happ in a statement, according to the website My Bank Tracker. “We took the best of our successful Gift Card program and made it available as a virtual product, the American Express eGift Card, thus satisfying a growing need among consumers. It’s also ideal for those last-minute shoppers and for loved ones, friends and family who don’t live nearby as there’s no shipping and it arrives in the recipient’s inbox in minutes.”

Available via telephone or on the American Express website, the eGift Card can be loaded with a minimum of $25 up to a maximum of $200. The card is delivered to the recipient’s email inbox upon purchase, and can typically be used mere moments after activation. Givers have to option of personalizing the eGift card by writing a unique message to accompany it.

American Express also recently joined forces with wireless carrier Sprint to avail customers of their rebates on prepaid cards issued by AmEx. These cards, known as American Express Prepaid Reward Cards, differ from eGift cards in that they are only free for the first six months after issuance. From then on, until they are used, cardholders pay a $3 monthly fee.

All credit cards terms, fees and rates mentioned in this article/post are actual on the posting date. See the current products’ Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Gen Z and Millennials Spending More This Holiday Season

Posted: November 23, 2017

Holiday shopping is in full swing, and while spending trends are on target to be on par with last year across the generations, Gen Z and Millennials are feeling more festive, and are on point to spend more this season whether that's on ... Continue reading
Hackers Are Not Dimming Holiday Cheer

Posted: November 22, 2017

Holiday shopping season can be a big draw for criminals, in both stores and online, and while consumers are worried, it's not going to get in their way this season, according to a new study by Discover. They found that 73% of people will ... Continue reading
Small Business Saturday Resonates With Consumers

Posted: November 21, 2017

If you know that November 25 is Small Business Saturday you are in good company because 61% of consumers know it is taking place too, according to the 2017 Small Business Saturday Consumer Insights Survey. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
For Excellent, Good Credit
Our application is quick and easy with instant pre-qualification available
For Fair / Good Credit