Amex Travellers Cheque Card

I have seen an advert for the Ameriacn Express Travellers Cheque card available at Thoams Cook. If you put $700 on it they give you $65. the way I read it, you can load it up and make money. Is there a catch, and has anyone used it? I'm going to the states soon, and wondering if I can get some free money!!

Comments

  • Altarf
    Altarf Posts: 2,916 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    There are quite a few charges associated with the card, so you would need to do the maths to check it was worth it.

    Whilst looking at the T&Cs on the card I was interested to see that you cannot use it to pay for the following:

    • To reserve a rental car
    • To reserve a hotel/motel room
    • To pay for petrol “at the pump” through automated terminals
    • To pay for on-board cruise or train charges and some in-flight purchases.

    And amused to see that you cannot use it to pay for the following:

    • To pay for bail bondsmen.
    • To pay for detective agencies.
    • To pay for personal services such as escort agencies, introduction services, or massage parlours.
  • IvanOpinion
    IvanOpinion Posts: 22,555 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Altarf wrote:
    And amused to see that you cannot use it to pay for the following:

    • To pay for bail bondsmen.
    • To pay for detective agencies.
    • To pay for personal services such as escort agencies, introduction services, or massage parlours.
    Darn, I better cancel my applicaiton then :D:D

    Ivan
    Past caring about first world problems.
  • I actually ordered one of these from Thomsons last week. They give $50 when you add $700. It’s not as much as Thomas cook but they were wavering the £15 fee (a promotion which I was informed runs until the end of the month). So with the free $50, it worked out at an exchange of approx 1.86. About the best exchange you’ll get anywhere afaik. It may be worth asking other companies if they would also waver the fee – especially if they’re offering a lager cash incentive.
    As has been pointed out there are limitations with how you can spend it but it shouldn’t be too much of a task over a week or two.
    With this and a Nationwide account you should get the pound the dollar possible.
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