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The cash back portal, BeFrugal, has increased cash back rates for American Express gift cards to 2.2%.
Please see the The Complete Guide to Amex Gift Cards. Be sure to read the section showing which credit cards are safe and which are not (due to cash advance fees). And, keep in mind that you will not earn cash back if you use a promo code to reduce gift card fees.
Last updated on November 5th, 2014