How to Turn Your American Express Gift Cards into Cash in Nigeria with Ridima

Do you have an American Express Gift Card that you received as a gift or won in a contest? Do you want to convert it into cash in Nigeria without any hassle? If yes, then you are in the right place.

American Express Gift Cards, also known as Amex Gift Cards, are prepaid cards that can be used anywhere that accepts American Express. They are a great way to show your appreciation to someone or treat yourself to something special.

However, if you live in Nigeria, you might face some challenges in using or redeeming your Amex Gift Card. You might not find many merchants that accept it, or you might prefer to have cash instead of a gift card.

That’s why we created Ridima, the best app to sell Amex Gift Cards in Nigeria. Ridima is a secure, reliable, and convenient platform that allows you to exchange your Amex Gift Cards for Naira in minutes.

With Ridima, you can enjoy:

High rates: We offer the best rates in the market for your Amex Gift Cards, so you can get the most value out of them.
Instant withdrawals: You can withdraw your money to your bank account as soon as your transaction is completed. No delays, no hassles.
Customer support: We have a friendly and professional team that is ready to assist you with any questions or issues you may have. We value your feedback and satisfaction.

Ridima is the ultimate solution for selling Amex Gift Cards in Nigeria. Whether you have a physical card, an e-code, or a receipt, we can help you turn it into cash in no time.

Here are the simple steps to sell your Amex Gift Card on Ridima:

Create an account on Ridima either through the website or by downloading the mobile app from Google Play Store or Apple Store.
Log in to your account and complete your profile setup. Verify your BVN (Bank Verification Number) and add your bank account details for withdrawals.
Click on “TRADE GIFT CARDS” after logging in and select “SELL GIFT CARDS” from the menu.
Use the search bar or select “American Express” from the displayed gift card brands.
Specify the card currency (USD, GBP, EUR) and type (Physical card, E-code, Receipt, etc.).
Select the sub-category, card value, and enter the Amex Gift Card amount. The total cash payout in Naira and the rate will be displayed. Proceed to the next step.
Enter the Amex Gift Card details, which may include the card number, expiry date, and security code. Verify the entered card details.
Review the card details and click on “Sell Gift Card” to confirm the transaction. Read and accept the card terms and confirm the transaction to complete the process.
You will receive a notification confirming the success of your Amex Gift Card trade.
Your Ridima account wallet will be instantly credited with the cash equivalent of your Amex Gift Card trade. Withdraw the funds to your bank account as desired.

What is Amex?

Amex is short for American Express, a global financial services company based in New York City, USA. Founded in 1850, Amex is famous for its credit card, charge card, and traveler’s cheque services.

Amex operates as a multinational corporation, providing various financial products and services to consumers, businesses, and institutions worldwide.

Some of the benefits of using Amex cards include:

Security: Amex cards have advanced security features that protect you from fraud and identity theft.
Rewards: Amex cards offer generous rewards programs that let you earn points or cash back on your purchases.
Services: Amex cards come with various services such as travel insurance, purchase protection, roadside assistance, and more.

Here are some key aspects of American Express:

Credit and Charge Cards: American Express issues credit cards and charge cards to individuals and businesses. While credit cards allow users to carry a balance, charge cards require users to pay the full balance each month.
Travel Services: American Express is known for its travel-related services, including travel insurance, hotel bookings, car rentals, and travel rewards programs.
Merchant Services: Amex provides payment processing services for merchants, allowing businesses to accept American Express cards as a form of payment.
Rewards Programs: American Express offers various rewards programs, allowing cardholders to earn points or cashback rewards for their purchases. These rewards can often be redeemed for travel, merchandise, or statement credits.
Financial Services: Apart from credit cards, American Express offers a range of financial products, including personal savings accounts, certificates of deposit (CDs), and business loans.
Global Presence: American Express operates globally, serving customers in many countries around the world. Its cards are widely accepted at merchants, making it a convenient choice for travelers.
Customer Service: American Express is known for its customer service, often providing exceptional support to its cardholders.

Amex cards are known for their reliability, security features, and various membership benefits, catering to a diverse range of consumers, from individuals to small businesses and large corporations.

Types of American Express (AMEX) Cards

American Express Credit Cards:

American Express credit cards provide users with the flexibility of making purchases and paying off the balance over time.

These cards are ideal for individuals who prefer the convenience of credit payments. They often come with rewards programs, offering points for every purchase, which can be redeemed for travel, merchandise, or cash back.

American Express Charge Cards:

Charge cards, unlike credit cards, require the cardholder to pay the full balance each month. They offer no pre-set spending limit, giving individuals the freedom to make substantial purchases.

Charge cards are perfect for those who value financial discipline and wish to avoid accumulating debt.

American Express Travel Rewards Cards:

Designed for avid travelers, these cards offer a plethora of travel-related benefits. Cardholders often enjoy perks like airport lounge access, travel insurance, airline fee credits, and accelerated rewards for travel-related expenses.

These cards cater to globetrotters, providing them with exclusive privileges to enhance their travel experiences.

American Express Cash Back Cards:

Cash back cards are popular among individuals who prefer straightforward rewards. Cardholders earn a percentage of their purchases back as cash rewards, which can be directly applied to their card balance or received as a check.

These cards are excellent for budget-conscious consumers seeking tangible financial benefits from their everyday spending.

American Express Business Cards:

American Express also offers a range of business cards tailored to meet the unique needs of entrepreneurs and business owners.

These cards often come with business-focused perks such as employee cards with customizable spending limits, expense management tools, and rewards tailored to business-related spending categories.

American Express Co-Branded Cards:

Amex partners with various companies and organizations to offer co-branded credit cards. These cards combine the features of American Express cards with the benefits specific to the partnering company.

For example, there are Amex co-branded cards with airlines, hotels, and retail establishments, providing cardholders with exclusive discounts, rewards, and offers related to the partnering brand.

What is an Amex Gift Card?

An American Express Gift Card, often referred to as an Amex Gift Card, is a prepaid payment card that can be used for purchases at various merchants and online retailers.

It is similar to a debit or credit card but is preloaded with a specific monetary value chosen by the purchaser.

The recipient of the Amex Gift Card can use it to buy goods or services until the card’s balance is exhausted.

One of the key advantages of an Amex Gift Card is its versatility. Unlike traditional gift cards that are limited to specific stores or brands, Amex Gift Cards are widely accepted and can be used at a variety of establishments, including department stores, restaurants, online retailers, and more.

The cardholder can choose how and where to spend the gifted amount, making it a convenient and flexible present for various occasions.

Amex Gift Cards often come with additional security features, such as a Personal Identification Number (PIN), adding an extra layer of protection for the cardholder.

These cards are commonly used as gifts for birthdays, weddings, corporate events, or as incentives and rewards for employees and clients due to their universal appeal and practicality.

Benefits of AMEX Gift Cards

Here are some benefits of American Express Gift Cards:

Versatility: Amex Gift Cards can be used at a wide range of merchants, including retail stores, restaurants, online retailers, and more, providing recipients with the freedom to choose where to shop.
Flexibility: Recipients can use the card until the balance is exhausted, allowing them to make multiple purchases over time.
Wide Acceptance: American Express is a globally recognized brand, and its gift cards are widely accepted at numerous locations, both domestically and internationally.
No Expiry Date: Amex Gift Cards typically do not have an expiry date, allowing recipients to use the balance at their own pace without worrying about a deadline.
Secure Transactions: Amex Gift Cards come with security features such as a Personal Identification Number (PIN), enhancing the security of transactions and providing peace of mind to the cardholder.
No Additional Fees: In many cases, Amex Gift Cards do not have additional fees or charges, making them a cost-effective option for both the giver and the recipient.
Customizable: Some American Express Gift Cards allow the purchaser to personalize the card with a recipient’s name and a special message, adding a personal touch to the gift.
Replacement for Lost or Stolen Cards: Amex Gift Cards often come with the option to replace the card if it is lost or stolen, safeguarding the funds for the recipient.
Convenient Online Management: Cardholders can easily check their balance, review transactions, and manage their card online, offering convenience and accessibility.
Corporate Gifting: American Express offers solutions for businesses, allowing them to purchase gift cards in bulk for corporate gifting, employee rewards, or client incentives, streamlining the process for organizations.

How much can I Sell $100 Amex Gift Card in Nigeria

You can sell your $100 AMEX gift card on Ridima for #68,000 – #80,000 and get paid instantly. We pride ourselves on offering the highest and most impressive gift card rates in the market.

Our platform, Myridima.com, is dedicated to providing a seamless and secure experience for selling your gift cards.

Ridima is the most trusted platform to sell AMEX gift cards in Nigeria.

We offer the highest rate as confirmed by thousands of users all over Nigeria. You can also check the current rate of other gift cards using our gift card rate calculator.

How to Check AMEX Gift Card Balance?

Checking the balance on your American Express (Amex) Gift Card is a simple process and can be done online or over the phone. Here are the steps to check your Amex Gift Card balance:

Online Balance Check:

Visit the official American Express Gift Card website.
Locate the “Check Your Balance” option. This is usually prominently displayed on the homepage.
Enter your Amex Gift Card number and the security code (usually found on the back of the card).
Click on the “Check Balance” or similar button. The website will then display your remaining balance.

Phone Balance Check:

Flip your Amex Gift Card and find the customer service number. This is usually provided on the back of the card.
Dial the customer service number using your phone.
Follow the automated prompts. You will be asked to enter your gift card number and other relevant details.
Listen for your remaining balance, which will be provided through the automated system.

In-Store Balance Check:

Some stores might allow you to check your Amex Gift Card balance at the cash register. Simply present your gift card to the cashier and ask them to check the remaining balance for you.

Please note that the specific process might vary slightly based on the issuer of your Amex Gift Card.

Always check the instructions provided with your card or visit the official Amex Gift Card website for the most accurate and updated information regarding balance inquiries.

Frequently Asked Questions (FAQs) About Selling American Express (Amex) Gift Cards in Nigeria

Q1: Can I sell my American Express (Amex) Gift Card in Nigeria?

A: Yes, you can sell your Amex Gift Card in Nigeria. There are platforms like RIDIMA that facilitate the buying and selling of various gift cards, including Amex Gift Cards.

Q2: What types of Amex Gift Cards can I sell?

A: You can sell physical Amex Gift Cards, electronic codes (Ecodes), and even cards with receipts, depending on the platform’s guidelines and requirements.

Q3: How do I find a reputable platform to sell my Amex Gift Card?

A: Look for platforms with positive reviews and a transparent process. RIDIMA is a popular and trusted platform in Nigeria for selling Amex Gift Cards.

Q4: What documents or information do I need to sell my Amex Gift Card?

A: Generally, you’ll need your Amex Gift Card details, including the card number, expiry date, and security code. Some platforms may require identity verification documents for security purposes.

Q5: Are there fees associated with selling my Amex Gift Card?

A: No, they are not.

Q6: How long does it take to receive payment after selling my Amex Gift Card?

A: The processing time on RIDIMA is instantly. Some platforms offer instant payments, while others might take a few hours or days. It’s best to check the platform’s payment processing times.

Q7: Can I sell a partially used Amex Gift Card?

A: Yes, you can sell a partially used Amex Gift Card. Most platforms allow you to sell cards with partial balances.

Q8: Is it safe to sell my Amex Gift Card online?

A: Selling your Amex Gift Card online can be safe if you use reputable and secure platforms like RIDIMA. Ensure you follow the platform’s guidelines and take necessary precautions to protect your information.

Q9: Can I sell multiple Amex Gift Cards at once?

A: Yes, many platforms allow you to sell multiple Amex Gift Cards simultaneously. You can list all the cards you want to sell and proceed with the transactions.

Q10: What can I do if I encounter issues while selling my Amex Gift Card?

A: If you face any problems, reach out to the customer support of the platform you’re using. They can assist you in resolving issues related to the sale of your Amex Gift Card.

Frequently Asked Questions About American Express Gift Card

Frequently Asked Questions (FAQs) about American Express (Amex) Gift Cards:

Q1: What is an American Express Gift Card?

A: An American Express Gift Card is a prepaid payment card that can be used at various merchants and online retailers. It is similar to a debit or credit card but is preloaded with a specific monetary value, making it a perfect gift option.

Q2: Where can I use my Amex Gift Card?

A: Amex Gift Cards can be used at a wide range of establishments, including retail stores, restaurants, online shops, and more. They are accepted wherever American Express cards are honored, providing significant flexibility for the cardholder.

Q3: Can I reload my Amex Gift Card with more money?

A: No, American Express Gift Cards are not reloadable. Once the initial amount on the card is used up, the card cannot be reloaded with additional funds. It’s a one-time-use card.

Q4: Is there an expiration date for Amex Gift Cards?

A: Yes, most Amex Gift Cards have an expiration date. It is essential to check the card’s terms and conditions or the card packaging for the specific expiration date. It’s advisable to use the card before it expires to avoid losing the funds.

Q5: Can I get cash back from my Amex Gift Card?

A: No, Amex Gift Cards are not designed for cash withdrawals. They can only be used for purchases at merchants that accept American Express cards. Cashback transactions are not allowed.

Q6: What should I do if my Amex Gift Card is lost or stolen?

A: If your Amex Gift Card is lost or stolen, you should contact the customer service number provided with the card immediately. Most gift card issuers, including American Express, have procedures in place to assist in such situations. Report the loss promptly to protect your funds.

Q7: Can I use my Amex Gift Card for online purchases?

A: Yes, Amex Gift Cards can be used for online purchases wherever American Express cards are accepted. During the checkout process, you can enter the card details, including the card number, expiry date, and security code, to make a payment.

Q8: Is there a fee associated with purchasing or using an Amex Gift Card?

A: Yes, there might be a purchase fee when buying an Amex Gift Card. Additionally, some inactivity fees may apply if the card is not used within a certain period. It’s essential to review the terms and conditions provided with the card for details about any associated fees.