Posted by William Charles on October 1, 2018
Manufactured Spending no image

Published on October 1st, 2018 | by William Charles

75

[Expired] Simon Mall: $1 Off Purchase Fees On Visa Giftcards Of $400-$500 (Fees Now $2.95 Per Card) [10/01 – 10/31]

Promotion has expired, view more Simon Mall promotions by clicking here.

The Offer

  • Simon Mall is offering a $1 discount on the purchase fee of Visa gift cards with a denomination of $400-$500. Important to note discount doesn’t apply automatically, you need to ask for it.

The Fine Print

  • Valid until October 1st until October 31st, 2018

Our Verdict

As far as I know no cards earn a category bonus at Simon Mall. But still useful for cards that earn at a high rate on all purchases or for meeting minimum spend requirements. Just keep in mind that it’s not a good idea to use American Express cards to purchase these

Thanks to reader B C

 

 



75
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Don
Don

Is this online as well or only in store?

Also, you have “10/01/10/31” in the title instead of “10/01 – 10/31”

Mimi
Mimi

I spoke with a supervisor in charge of SM online orders and he said they can’t give a code to take $1 off for online VGC orders. It has to be done in-mall ONLY and it’s not automatic, one has to ask for it.

Norman !
Norman !

Hey, sorry for the very basic question but I was wondering where do you actually purchase those cards in the mall ? Isn’t it a mall an aggregation of many different stores ?? (I am asking because I live pretty far from any Simon Mall so if I drive there I better make sure there will be GC!)

DS
DS

You buy them at the mall’s Guest Services office/podium. If you go to the mall’s website there should be a map which shows the retail stores and where the Guest Services office is.

Brett Williams
Brett Williams

Does Simon send level 3 data to AmEx? Can I get 2x with my AmEx Blue for Business Card?

Phill
Phill

Except Amex SUB’s…..doink!

Bo knows
Bo knows

what do you mean?

Bodiddely
Bodiddely

Simon Mall GC purchases do not trigger AmEx signup bonuses (can confirm from recent experience), but do still earn regular spend points. I spent 5k there on a new SPG luxury card — got 10k points but not the 100k bonus.

Celia
Celia

Amex doesn’t allow gift card purchases to qualify for spending requirements. It’s not limited to the SPG.

bob
bob

unless it’s an externally-controlled Amex card, like the WF Propel. I already got my 30K bonus from Simon purchases alone.

Electroman
Electroman

Right – it’s Amex the card issuer here; the payment network (Amex or not) doesn’t care.

Bo knows
Bo knows

Bo, you do know Diddely!

Joe
Joe

Wut

JT
JT

NOICE

SC
SC

I can’t find this anywhere on the simon website, is there a direct link in case the customer service rep has no idea what I’m referring to when I ask for it?

Daniel
Daniel

Not trying to split hairs here, but does “between $400 and $500” mean $400.01 to $499.99 inclusive? Or does it include $500?

Jay
Jay

What do you think the answer is???

Daniel
Daniel

If I knew, why would I ask?

Ann
Ann

It includes $500. When they did this last December, many people posted about buying multiples of $500.

Bo knows
Bo knows

it is >=400 and <=500

Logan
Logan

How are people liquidating these?

Typically when I go to the grocery, I can liquidate to money order if I kindly ask, “Do you accept DEBIT cards for money orders”. In the past if I don’t ask this question, they employee across the counter will ask to see the card. When they realize it’s a gift card, they refuse to sell the money order.

bob
bob

walmart.

MSer
MSer

Most WM’s long ago stopped accepting cards without your name on them.

Dylan
Dylan

Most walmarts, but not all. There are still some spotty examples of some WMs still accepting MOs. Where I live locally my WM will do $2000 MOs 4 way splits and everything, although I am likely the only person who Mses in my county so that might be why.

NotRonJeremy
NotRonJeremy

If you search for “slight of hand card trick” on Youtube you’ll find tons of videos showing you techniques you can try. Good luck.

dk
dk

sleight

Onsale
Onsale

sorry for the newb question, but what then do you do with the money order?

Joe
Joe

Eat it.

Bo knows
Bo knows

i saw sheep eat paper….actually a sheep ate several pages of my book unattended, not other animals

Dylan
Dylan

Take the money order and deposit it into an external bank. If you live near a physical branch of your card issuer (chase, wells fargo, BofA) you can take the money order inside and pay your credit card directly.

Do not use your primary bank, use a seperate bank account(s) specifically for money order deposits. Many people have been known to be shut down for too many MO deposits, so be aware of that.

DS
DS

Can’t you just cash a money order instead of depositing it?

MickeyMouse
MickeyMouse

Yes for a 1% Fee…so 2k in MO’s = $20 Fee.

Mimi
Mimi

If you bought it at WM , bring your receipt and pay $3 to encash MO up to $1k. If bought elsewhere, I’m not sure WM will take it.

John
John

Thanks for sharing all the tips. When you deposit the MO into a bank, say Western Union MO, how do you fill in the purchaser’s name, address and reason for payment? Is it OK to leave them blank? Or write a friend’s information on it?

JT
JT

I still don’t understand how Simon doesn’t hemorrhage swipe fees? I understand it’s more complicated and they are likely getting discounts somewhere between Metabank and blackhawk. Anyone care to speculate? Why are they the only ones that allows wholesale amounts of GC purchases daily for an extremely low fee?

culdeus
culdeus

I imagine they are able to money market the balance on these. It takes several days to empty them, all that time they are making some on holding the balance like a bank. But yeah, I honestly don’t know how they can maintain this even on something in the 100 million volume.

I suppose there are the random one-off that let their cards expire unused or something.

Tony
Tony

It could be because they’re belong to same parent/holding company. Churner are just a small community and they have lot more benefit from selling gift cards (free loan since most people not unload immediately like us or just forgot/lost their gift cards). At the end they’re just business. If they’ve lost enough money they will stop offering this.

Joe
Joe

But the casual purchasers don’t know the difference when it comes to fees. $2.95 vs $6.95 doesn’t tip the scales for 95% of people buying a VGC. It’s not like they’re price shopping the one time a year they need to buy them, either. This sale almost seems targeted at bulk buyers like us.

jobin
jobin

And mostly the average customers dont even know simon sells gift cards. Above that, its sold at the guest service which is hidden somewhere inside the building. I dint even know malls had a guest service, and even if i saw guest service, i figured it would be to get information about store locations. I think they get most of their business from churners.

MickeyMouse
MickeyMouse

Maybe they assume more of the risk, which is mitigated by filling out the ID forms. Compared to say Staples who does not require anything and don’t want any part in anything more.

Onsale
Onsale

Is there a dedicated page to manufactured spend sources and methods? If not, I think it’d be very useful.

Electroman
Electroman

I’d recommend the MS forum on flyertalk.com.

dunk
dunk

Can someone explain how this is profitable? Assuming you have a 2% card and can easily liquidate the card at WM, you’re still spending $2.95 + $0.88 for the MO and then you make $10 cashback? Are people actually scaling this for $6 per card? Seems like a lot of work, hassle, and risk (from your bank and credit card company) for $6. Thoughts?

DrBooyah
DrBooyah

It helps if you have say, a Minimum Spend that you need to hit to for a sizeable signup bonus. Allows a person to sign up for multiple cards at any given time without having to worry about organic spending

James B.

Simon GCs are mostly purchased to meet minimum spend to trigger a signup bonus for a new card account or a special bonus offer on an existing card account. Or sometimes to turn orphaned miles or points into a redemption. Most cards do not pay more than about 2% for Simon GC purchases.

MickeyMouse
MickeyMouse

Thank about it this way…

Say you have Chase Freedom Unlimited which earns 1.5x (along with another card that can transfer to Partners, CSP, CSR, CIP). Transferring to Partners like Hyatt you increase the value of those points. To me I personally value Hyatt points at 2 cents per point. So you’d multiple the 1.5x earned using FU by the 2 cents per point in value. Getting essentially 3% in value when using them at Hyatt, and a comparable rate for SW transfers too.

3% Back on a $500 GC is $15, and $30 for 2, because 2 equals 1 MO. You use $6.78 when when getting 1 MO with 2 cards.

So per every MO you profit ~ $23, usually people can to 2 MO’s per WM per day, meaning ~ $46 profit.

On top of that it helps a lot in meeting MSR everywhere except Amex without having to pay the much higher fees on Plastiq.

AllwaysLearning22
AllwaysLearning22

I did not understand how the 1.5x turned into 3% in your calculation.

If you are getting 1500 UR points per $1,000 spent and you value each UR point at 2 cents, that is $20 = 2%, not 3

Lily
Lily

Last time this was offered ( think was last December) it didn’t work in our local simon mall. They told me the dollar off was only for business accounts, not for individuals.

bax
bax

Called the local mall today and was told this promo works for anybody.

MickeyMouse
MickeyMouse

Business Accounts already get discounts though….I tried signing up for one because I do MS Biz Cards and have a real LLC, was denied for Biz Account because they said it’s for businesses buying lower $ amount VGC’s, not for people MS’ing is essentially what they said.

Kimbra
Kimbra

Is there a daily limit on max purchase of these at Simon Malls? $2,000 ?

Tim
Tim

$10K, I believe.

Mimi
Mimi

YMMV. There are Simon Malls I’ve been to where they limit to $4000, fees included per person per day.

MickeyMouse
MickeyMouse

I’ve been to 3 and all are 10k per day. AFAIK it’s always 10k if you’re willing to fill out the paperwork and 3-4K without paperwork.

Tony
Tony

I have to fill paperwork if total over 2k. They used to told me maximum 19×500 card so 9.5k max.

Credit
Credit

My Simon mall does not allow mobile pay.

Credit
Credit

Clearly they are bullshitting? I am assuming you are able to use mobile pay, correct?

Thank you for contacting Simon Customer Service. The associate at Mall was correct, currently Simon does not accept any mobile payments at our Guest Services booths. It is something that we are looking into for the future, but at this time we are not accepting mobile payments.

Rob
Rob

The clerk at my mall said, when presented with my Citi Premier card, “we can’t take Citi cards, they fail every time.” I didn’t push it – but has anyone been told the same about Citi cards? (Also she was aware of the discount but it did not appear automatically on the transaction; she had to do something before the final swipe to add the discount.)

bax
bax

Used my Citi DoubleCash fine for 2k.

Ben T.
Ben T.

I bet it’s because of all the fraud alerts caused by Citi AA Plat churners making their first (or second or third…SMH Citi) purchase before putting the card in the sock drawer.

Tony
Tony

I did see a sticky note on their computer, said no citi cards when i bought some gift cards yesterday. Socal if anyone wonder.

Rob
Rob

Tried it again, declined – the clerk predicted it. Called Citi, whose rep said that the merchant (Brea Mall in SoCal) has been blocked by Citi.

FlyingBoat
FlyingBoat

I just got a Citi Premier early last week. It fraud alerted every time I tried to spend $500+ at Walmart. I needed to keep calling Citi and they would assure me my account was cleared and I could make a similar purchase the next day. Next day I would try again and fraud alert, day after day. I am going to let it sit a month and try again to make minimum spend.

The new Chase cards I received haven’t had a problem at all. Barclay had a couple of fraud alerts as well, but at least I have been able to get through several purchases. Citi Premier must be really anal to fraud alert. Hopefully it is just during the first month.

Alex
Alex

One discount per transaction or can I buy multiple cards in a single transaction and have $1 off each?

Back to Top ↑