Chase coding Amex gift card purchases as cash advances

45

This is one of my rare anti-deals…

Many readers have been reporting that when they’ve recently bought Amex gift cards online from American Express, Chase has coded these purchases as cash advances.  So, unless or until things change, I strongly advise you not to use a Chase card to buy Amex gift cards from American Express online.  There should be no such problem with buying Amex gift cards (or any other gift cards) in stores.  The same has been true (for a long time) with Citibank credit cards, but this is new to Chase.

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