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