Published on November 26th, 2017 | by Chuck11
$30,000 Monthly Portal Limit for Giftcards.com Starting December 1
The Yazing and Simplybestcoupon shopping portals added a new limitation of $30,000 in purchases from the following merchants: Giftcards.com, Giftcardmall.com, Cardpool.com. All these merchants are owned by Blackhawk Network, and they’ve decided to limit portal payout on purchases above $30k. Previously, the limit was $5,000 per day, or around $150,000 per month.
Usually when these changes show on one portal, it’s not long until it’ll show on all portals as the change-date approaches. (Even if it doesn’t show clearly, it still likely won’t track on other portals beyond $30k.)
It’s not clear whether they’ll be limiting $30k per portal (you could then do $30k Yazing and $30k TCB, etc.) or per Giftcards.com account. In the past, Cardpool used to impose limits based on the Cardpool account, there’s a good chance it’ll work the same here and we’ll be limited to earning cash back on $30k in total purchases across all portals per Giftcards.com account.
What I find interesting is that they clearly are not trying to limit the portal payout to regular shoppers buying a few $50 gift cards for the holiday; they’re clearly okay with volume buyers, just not mega-volume buyers (they could have limited to $2k per month). Apparently, some people were buying from these merchants in huge quantities and while they may be okay with that volume, they don’t want to pay out the portal for the purchases beyond $30k.
On the bright side, it seems Yazing has lifted the rates on Mastercard gift cards from 1% to 1.25%.
Hat tip to pointchaser