[EXTENDED to 10/31!] $1K Visa Gift Cards w/ $3.95 fee at Simon Malls

Update 8/21/19: As per communication from Simon corporate, this deal has now been extended once again and Simon Malls will sell $1,000 Visa Gift Cards with a $3.95 activation fee per gift card 10/31/19. As a reminder, this deal is open to all folks interested who come to the office and request the cards. New customers are welcome to buy, but see my post about Mistakes to avoid on $1K Simon Visa Gift Cards if you’re new to the field. I encourage those new to go slow and test what works before getting in over your head. Still, this is awesome news overall.

Update: We’ve just received word from Simon corporate that this promotion is being extended until the end of August! That’s awesome for those looking for more volume. Keep in mind that the $1,000 Visa Gift Cards are available for anyone who asks, even those new to purchasing Visa Gift Cards at the mall — you just need to go to the office / customer service desk at your mall and request these cards as they are not out on the racks. Nice to see this continue!

Simon Malls has confirmed earlier reported rumors that they will be selling $1,000 Visa Gift Cards with a $3.95 activation fee per card from July 17 – August 4, 2019 August 31, 2019. That’s awesome news for those looking to rack up spend at very low cost. With the activation fee representing just under 0.4% of the face value of the cards, it will not at all be hard to find a credit card on which such a purchase would be a net win after accounting for liquidation costs. This is great news.

The Deal

  • From July 17, 2019 to August 4, 2019 August 31, 2019, Simon Malls will offer $1,000 Visa Gift Cards with an activation fee of just $3.95 per card

Key Details

  • Not available online (in-mall only)
  • Will not be available prior to July 17th (no, your mall won’t sell them to you early)
  • Daily limits are presumably the same ($10K / day until you’ve established a big buying pattern, at which point regular buyers can buy as much as $25K in a day)
  • Call your mall in advance to let them know when you’re coming so they can be prepared and help you breeze through

Quick Thoughts

This is great news. While the numbers here might not beat a fee-free promotion at an office supply store, the convenience of $1K cards is worth the $3.95 fee for many people. That should simplify liquidation for those who live in an area where liquidation is possible. Even for those who don’t, a deal like this might make it worth stocking up and getting in the car for a road trip weekend to find a place to liquidate.

As noted at the top, the activation fee here represents such a small percentage of the face value of the cards that it certainly shouldn’t be difficult to earn rewards that outweigh your cost. Keep in mind that Amex has not been awarding any points on Simon Mall spend, so you will not want to use an Amex card for these purchases. Also be mindful of ramping up spend slowly on cards with other banks — going from zero spend on a card to a $10K purchase is one way to increase the odds of a shut-down.

I recently took a weekend road trip and unexpectedly passed by a Simon Mall I’d never been to before. The cashier in the mall office couldn’t have been friendlier or happier to sell me gift cards and even reminded me before I left that if I call ahead next time they will have the order set up so the process could be faster. I’ll definitely be back when it is convenient.

Keep in mind the money order limits that may exist at your preferred liquidation outlets if you’re ramping up spend and always have a backup plan in case one door closes.

Also see our list of best big spend bonuses and best rewards for everyday spend for ideas as to what cards may be worth using for various bonuses (again, keeping in mind that Amex cards are out).

About Nick Reyes

Nick Reyes is a (fairly) regular guy with an animalistic passion for maximizing the value of miles and money to travel the world in comfort and style. There is little in life that he loves more than finding a fantastic deal and helping you shop smarter & harder to achieve your travel dreams.

More articles by Nick Reyes »

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[…] post $1K Visa Gift Cards w/ $3.95 fee at Simon next week appeared first on Frequent […]

TheBigEasyTraveler
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TheBigEasyTraveler

Nick any intelligence on Barclays Arrival for MS?

Christian
Guest
Christian

How does Simon code on your credit card? I’m trying to figure if it works out better to use my AX gold or Diners at a supermarket for a higher fee than whatever Simon is categorized.

glen
Guest
glen

This is gonna be fun!

Lukas
Guest
Lukas

Bank of America cards are not easy to MS, right? 2.625% is tempting…

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[…] $1K Visa Gift Cards w/ $3.95 fee at Simon next week […]

Greg
Guest
Greg

I’ve never really done any MS and have just recently gotten into the points game. I think I’m about to start doing it though because I’d like to apply for another credit card and I won’t be able spend enough for the bonus without buying gift cards. Let’s say I buy $3000 in gift cards at Simon malls and then want to liquidate it. Is it better to do 3 MO’s at Walmart (barely under $1000) or just do one $3000 one? If I do the former, should I go to three different Walmart’s?
Likewise, with my bank, does it generally look better to show up once with one $3000 money order, or 3 times with $1000 money orders?
Sorry for all the questions, but it’s tough figuring this out and I want to be really thorough and make sure I’m not doing something stupid.

Rob
Guest
Rob

Paying taxes ought to work well with $1000 GCs, as long as OfficalPayments accepts Simon Gift Cards.

Ed L.
Guest
Ed L.

And yes, that is exactly my question. Does anyone know if Official Payments, Pay USA Tax, and Pay 1040 accept Simon VGCs?

Here’s how I see this working:
1. I have a bonus spend promo on my Fidelity Elan 2% cashback card. Buying a bunch of Simon VGCs gets me most of the way to the promo level.
2. For each Simon VGC, cost is about $4. Add about $3 for paying estimated taxes with a debit card. So that is a cost of $7. On a 2% cashback card, you’re getting $20 cash, so you net a profit of $13 per $1000 VGC.
3. Max is 6 $1000 debit payments per quarter = $78 profit. I’m not getting rich, but this helps cover most of my other MS costs, leaves me a small profit, and helps me with the Elan spending promo.

One more question, if anyone knows. Are third quarter estimated tax payments allowed after Aug 1 or is it Aug 15?

Mike
Guest
Mike

Haven’t done any MS since a little bit of redbird. So essentially going with the GC/MO nets you roughly $20 for each 1k GC per stop at a Walmart and subsequent deposit? Still seems like a lot of work, compared to some of the older loop holes.

Joe
Guest
Joe

Is there any reason people drive a long distance to pick these up when the website will ship them for $.89 for 4 $500 gift cards? Obviously I don’t know if the 1k will be available online but if so it saves me over an hour drive each way. Am I missing something here?

Jacob
Guest
Jacob

Guaranteed getting them, having them instantly, one swipe for MOs vs 2 for a 999.12, only available in store

Joe
Guest
Joe

Thanks guys, I don’t know that I will be using them for volume, more to hit min spend– getting harder here in the NE to liquidate though I still have 2 Bluebirds alive and can do limited MO’s.

guest
Guest
guest

As someone said, “It will be fun” until more issuers like Amex no longer pay out for Simon. Citi has already blocked some Simon Malls.

voyager
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voyager

I’m kind of glad Amex is out of the game actually. As heavily invested as I am with them, there’s no need to worry about FR or even shutdown. Since there are many people MSing now, I suspect there will be a spike in CC spend next week across the board, more than just a “blip”, enough to draw attention with likely adjustments by some CC issuers. I’m not planning on using any CC that I deeply care about for this gig.

JBCH
Guest
JBCH

Hey Nick, I went to the MIM, FL mall and I was told they only sell these to people with corporate accounts or businesses. The guy said he couldn’t sell to the general public. Is there a link to the simon mall offer somewhere I can show him? I would appreciate it. Thanks.

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[…] $1K Visa Gift Cards w/ $3.95 fee at Simon next week (Expires 8/4/19) […]

Jennifer
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Jennifer

Unfortunately, the Simon Outlet Mall near us didn’t get the $1000 cards.

MSer
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MSer

They are the exact same blanks as the 500s. If they sell gcs, they can sell $1Ks.

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[…] 8/1/19: Frequentmiler reports this has been extended through August 31. I wouldn’t be surprised if it becomes a […]

TJ Park
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TJ Park

Does anyone know if SM takes Apple Pay to purchase the gift card?

Steven Spivack
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Steven Spivack

Can the card only be used in Simon Mall stores or can they be used anywhere?

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[…] linked in the previous paragraph). If you’re driving, add a side trip to Woodbury Commons to recoup some points. Pro tip: ask for a table near the kitchen in The Bocuse if possible when you reserve. The entire […]

Unclesam
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Unclesam

I called both the Simon malls near me in DFW area and they said the promotion ends Aug 4. Is this really nationwide or local to your area?

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[…] [EXTENDED to 8/31!] $1K Visa Gift Cards w/ $3.95 fee at Simon next week […]

Mike B
Guest
Mike B

I realize that AMEX is no longer paying out regular points for Simon GC purchases. For my Delta Reserve, it sucks losing those extra SkyMiles. But I mostly use my Delta Reserve for meeting the spend thresholds (up to $60K) to obtain the extra MQMs (30K) for maintaining elite status. Will the Simon GC purchases still count on my Delta Reserve for meeting the $60K spend requirement for obtaining bonus MQMs?

Greg The Frequent Miler
Admin

Sadly, no

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[…] case you missed it: The ability to buy $1,000 Visa gift cards at Simon Malls has been extended to 8/31/19.  Usually gift cards are capped at $500 […]

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[…] said, it might be a worthwhile gamble in the short-term if you’re able to meet the spend (and I have some ideas as to how you could) and take advantage of Mileage Bargains while you […]

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[…] case you missed it: The ability to buy $1,000 Visa gift cards at Simon Malls has been extended to 8/31/19.  Usually gift cards are capped at $500 […]

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[…] [EXTENDED to 8/31!] $1K Visa Gift Cards w/ $3.95 fee at Simon next week (Expires 8/31/19) […]

Preacher
Guest
Preacher

1. Do Simon Malls take Discover?
2. Does Discover pay out cash back on GC?
3. How MS friendly is Discover?

Phil
Guest
Phil

1. Yes
2. Yes
3. Very

Shalom Shalom
Guest
Shalom Shalom

Hi. I spoke to the mall just now. They told me that if I buy a $1000 visa gift card then they’re going to require me to fill in a form for the government. They couldn’t explain what this form is for and all they said is that they’re required to ask me to fill it for that it’s a large amount and it’s per federal regulations. Does anyone know more on this? Is that required? What is this form about? Thank you!

mark
Guest
mark

That’s a lot of exclamation points.

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[…] year spend: get 25x on IHG spend plus 4x “everywhere else” for the first year. With the current Simon Mall $1K Visa Gift Card promo now extended to October 31st, a couple of readers have asked whether they should consider this card to earn 4x […]

Brant
Guest
Brant

I’m using SM $1K VCG’s to reach 15K points on my recently upgraded Hyatt CC to get the free night. When does that type of certificate expire? I need to time my spend completion accordingly.

veeRob
Guest
veeRob

Haven’t seen much discussion on this… why isn’t Plastiq processing these $1k cards as a debit card?

Greg The Frequent Miler
Admin

It’s been a while since Plastiq has processed gift cards as debit cards. They’re usually treated as credit cards now. Every now and then someone finds a particular gift card type that still works as debit, but that’s rare.

veeRob
Guest
veeRob

Really? I guess I just got super unlucky, cuz when I tried a Simon GC and saw it processed as credit, I tried the first other GC I had and it processed as debit, so just assumed it was a problem with Simon rather than a rarity on the other card.

Brayden
Guest
Brayden

Hey there!

Thanks for making this post- it’s been really helpful! I have a friend who works at the Simon Mall which is how I first heard about MSing. Basically though my parents (who also just started doing this in FL, I’m in MN) and I are running into an issue that I’m wondering if others have as well? One Walmart in particular that is right near the mall I go to to get the GF’s has told me that because the card states “giftcard” on it, that it is against policy to allow me to use it as payment and told me I needed to leave. That same day I tried 3 other Walmarts and hadn’t had any issue at all. My parents had an issue at 1 location and not the other. Now, we both called Walmart cooperate for some clarification, stating it was a prepaid debit card with a pin number and wanted to hear what they had to say. I’ve talked to two different people and was told 2 different things.. The first rep said per policy any gift card is not allowed, even prepaid one’s with a pin number. The second rep said it was okay since it was a debit card with a pin number. My parents rep said it was also okay, but they did not specify to the rep that it had “giftcard” on it.

I’d like to avoid going back to this Walmart but for time and gas $$ it’s the closest to the mall/ not out of my way and I’m just wondering if there’s a way to get around the fact that it SAYS gift card on it? It would seem that as long as they don’t know it says giftcard on it, you’re okay, but if they know then they automatically deny or don’t know this policy? I was also told that MoneyGram was the policy writer for this, but haven’t been able to call them. Just looking for some ideas on if you’ve gone back to a Walmart that’s originally denied you or if you’ve had a similar experience? Thanks!!

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[…] became the main “everywhere else” card in my wallet. Additionally, when Simon Malls began selling $1,000 Visa Gift Cards with an activation fee of $3.95 in July, this became one of the main cards we used to purchase gift […]

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[…] [EXTENDED to 10/31!] $1K Visa Gift Cards w/ $3.95 fee at Simon next week (Expires 10/31/19) […]