Posted by William Charles on June 11, 2019
Manufactured Spending

Published on June 11th, 2019 | by William Charles

54

Simon Mall: $1 Off Visa Giftcards From 6/10-6/30

The Offer

  • Simon Mall is offering $1 off Visa gift cards from June 10th until June 30th, 2019. This brings the activation fee down to $2.95 per card

The Fine Print

  • Valid from June 10th until June 30th, 2019

Our Verdict

Remember to avoid using American Express cards as you won’t earn points and spend won’t count towards the sign up bonus minimum spend requirement. Fingers crossed this deal is available at all Simon Mall locations.

Hat tip to FM



54
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Debit
Debit

Can’t they stalk up with a few apples or grapes so they can call themselves a grocery?

Debit
Debit

Stock up

Andrew D
Andrew D

just steal it from the subway in the mall

Stan
Stan

wow it’s slim pickings in this hobby. it might be easier and more profitable to just clip coupons from Sunday’s newspaper ads.

jjj
jjj

You should stop reading this website

cowsareverywhere
cowsareverywhere

Lolwut

JT
JT

Slim pickings? Lmfao you are a dumb person or just trolling. Simon is a freaking gold mine.

Debit
Debit

How is it a goldmine? Which card specifically?
The most you get is from a bbp. 2x doesn’t make it a gold mine.

Or am I clueless?

tennismenace3
tennismenace3

You can do $25,000 per day, or 50,000 MR. The hard part is liquidating that of course, but some people have secrets.

dan
dan

tennismenace3 u didn’t see DPs that amex no longer posts any pts for SM purch?

Dick Bupkiss
Dick Bupkiss

> You can do $25,000 per day, or 50,000 MR.

No. Your $25,000 per day will now earn you exactly zero MR.
Someone has not been paying attention.

David
David

Gonna be a real sad day for the person buying $25,000 with an Amex card.

MickeyMouse
MickeyMouse

My question is –

Why is Amex not okay with this type of MS (meaning non- SUB MS)?

They get a little over 3% in swipe fees meaning even if they paid out the 2% they’d still net profit. I’m assuming that’s why other banks are okay with it.

MickyMouse
MickyMouse

JT – Eh, the Twin Cities outlet one is kind of stuck up in their management.

dan
dan

wouldn’t vgc net cost after cb @ GCM lower than $2.95, and has a better chance to get amex’s SUB?

J
J

GCM doesn’t work for SUB. But also yes. Some people prefer Simon though since they can go local

BudFlorida
BudFlorida

SUB?

Howard
Howard

Sign up bonus

Vy
Vy

You know, the sandwich.
Or the yellow marine vessel that the Beatles sang about.

Nathan
Nathan

dan has GCM fixed the CC hijacking hack on their checkout page?

AD
AD

is there any cc that earns 3% or more on these ?

Mimi
Mimi

The only CC I know that can gives 3% CB on all purchases the first year is DiscMiles BUT I don’t think SM takes them but if your mall will accept it as payment, good for you!

tennismenace3
tennismenace3

Simon Mall does accept Discover.

Matthew
Matthew

Alliant Visa

JJ
JJ

IIRC alliant gives 0% now at Simon mall. I remember seeing Discover business card gives 3% for the first year and I don’t think there is a cap.

86
86

Alliant says they don’t give cash back for gift card purchases on the Visa Signature card. How they enforce that policy is another matter entirely.

Geo
Geo

Some regional bank cards give 3% for “shopping,” which includes Simon purchases.

Vj
Vj

Are these still good for MO

Mimi
Mimi

Yes….but always YMMV where you buy them so ask store if they’ll accept pin enabled DCs.

Vj
Vj

Are these still good for MO?

Gaurav
Gaurav

My local mall just called me to inform me of the offer and “hope that they see me”. After their reach out to FM they really do seem to be targeting the MS crowd. Too bad they can’t put your name on the cards. Would allow much easier unloading.

Hari
Hari

Write your name with a sharpie. Technically your name is on the card 😉

tuphat
tuphat

If you mail order from Simon, you can get your name printed/embossed on card. However, my experience has been that the “your name must be on card” CSRs still object to name-embossed Simon cards because “they’re gift cards,” or “they’re not bank cards,” etc. etc. You can’t win with some people …

Gaurav
Gaurav

Fortunately my local grocery is fine with GC as long as it has my name on it. GCM is cheaper anyways.

Brett W
Brett W

If I’m NOT hunting a sign-bonus, can I still not use / earn on my Blue for Business Amex?

dan
dan

Brett W likely not for SM purch; u can try 1 for $500 vgc to see for certain & later provide DP on here

SnP
SnP

Do these VGCs work similarly to those purchased from GCM or GCC for bluebird loads?

Wyle
Wyle

Not seeing it online. Is this in-mall only or did they run out already?

iahphx
iahphx

Other than potential security issues, wouldn’t a “casual” gift card buyer (somebody needing a couple thousand dollars worth for a minimum spend) do better buying from Gift Card Mall? There seems to be pretty reliable cashback from that site (like with ebates) at 1%. GCM charges $5.95 for a $500 VGC, no shipping fee. So the net cost is 95 cents for a $500 card, and the card comes to you in the mail. Assuming your credit card isn’t hacked, and your gift card isn’t lost in the mail, any reason NOT to use GCM (if you’re not putting the spend on an AMEX card)?

Asad
Asad

GCM is better, yes

tuphat
tuphat

I think your math works, assuming one is OK with the stated assumptions. Personally, it’s worth $2 per $500 (during Simon promo) for the peace-of-mind that comes with immediate physical possession, etc. Different strokes.

Mike
Mike

GCM randomly will not work for some people, no matter how big or small the order., And I’m unfortunately one of those people, so I love this.

Nathan
Nathan

iahphx has GCM fixed the CC hijacking hack on their checkout page?

Hari
Hari

Is this good for buying Capital One minimum spend? I know Amex wont allow but not sure about Capital One.

DOC Reader
DOC Reader

For most people, this deal is lukewarm at best. Unless you have a CC that gets you >2%, it’s hardly worth it.

So, who wants to do some math??? LOL
2% CC (I’m rounding down ’cause not all CCs round up) = $7.10 gain divided by 5 (to make math easier) = $1.42 per $100 or 1.42%
Considering most of us would probably be paying some sort of bill that usually direct withdraws from a bank, if you kept in in savings, this would be 2%+ depending on bank.

I’m not even calculating the fees that would be incurred (for example, if you paid utilities with a $500 card, they take something like $2.)

Assuming $2 fee per card payment, the above $7.10 gain is now $5.10 … thus effectively lowering the total “earn” to 1.02%
Since an online savings account now earns 2% minimum, it’s not worth it.

Or maybe I’m doing the math wrong. All thoughts appreciated (esp if I messed up on the math or something.)

Savings bonds/bills/etc are more than 2%, too:
https://www.treasurydirect.gov/instit/annceresult/annceresult.htm

barrytuneup
barrytuneup

how is this not worth it? One card at 503.95 (with fee) with a 2% card earns you $10.06 and minus the fee you get $5.00 profit. Plus a .44 cent fee for 1 money order..but you need to spend .88 at WM for a 1k MO. So profit of 4.12 per card is not worth it.? Only if you can buy in bulk at 1x is it worth it. Buy 20 cards in 1 trip for 88.00 profit. What am I missing? Unfortunately the one Simon Mall near me stopped selling gift cards last year. Of course the certain AMEX cards in groceries at 5% are a better deal, but we need all options.

DOC Reader
DOC Reader

I forgot to take into account that banks pay out the 2% over a period of a year, not a month. So $1,000 = 20.18 for the year… that’s $1.68/month

Savings bond would be a more applicable apples to apples comparison, but would require active purchases of 4 week bonds/bills.

Issue would still be liquidation for these CCs.

After considering this issue some more, this is worth it if you have *IMMEDIATE* bills to pay AND if you have a Simon malls near you. Otherwise you risk breaking even/losing money (depending on what needs to be paid and how far the Simon Mall is.)

So for $500, at 2% interest rate, you need to spend the money within 9 months (not including gas). Assuming one gallon of gas ($2.50 at the time of this post), you must spend within 6 months.

The whole debit for money order is too risky since I don’t have anything I need to spend that’s in that range (should I not be able to liquidate), so this deal is a non starter for me, all things considered.

Best of luck to anyone that this works for. You are lucky!

Wyle
Wyle

the majority of people interested in the Simon cards are getting 10-20% in value for CC sign up bonuses and liquidating the gift cards within 9 hours not 9 months. A $2.50 gallon of gas or $35 in card and money order fees is barely a consideration when looking at an $800-1200 reward. If that scenario is too risky for you, well, to each their own. Those that make it work aren’t necessarily lucky, but they are diligent planners.

veeRob

Buy 20 cards and you skip the step of 10 trips to Walmart for that $88 profit. That’s what you’re missing.

Nathan
Nathan

veeRob how so? wouldn’t we still need those 10 trips to WM to liquidate the 20 cards? are there other ways to liquidate these cards without those 10 trips?

veeRob

I was responding to barrytuneup who said “Buy 20 cards in 1 trip for 88.00 profit. What am I missing?”

Nathan
Nathan

Got it, I totally misread. Thanks.

Justin
Justin

Comparing it to sayings account return is erroneous. If you charge it, and liquidate it to pay back the card, there’s no opportunity cost.

Technically you could even change it, liquidate it to cash and put it in a high titled savings, and wait 3+ week to pay the credit card balance with 0 interest.

If you did this every week – just for the profit – that would be 50% APY compared to the 2% APY. Granted, it takes a lot of time. But you’re comparing apples and cabbage.

Vy
Vy

I’m assuming this deal is really only slightly compelling for people who plan on buying physical Visa gift cards as a gift for someone.

Gift cards are popular gifts for high school grads and summer weddings this time of year.

Back to Top ↑