Dead: Ink 3x for online gift card purchases

Reports have been trickling in today that the Chase Ink Business Preferred card is no longer earning 3x on GiftCardMall, Venmo, or Simon gift card purchases as of a couple of days ago. That’s an unfortunate development for those who had picked up on these possibilities, though not altogether surprising as banks continue to close loopholes like these.

GiftCardMall Happy Gift Cards

Errr….not so happy anymore.

As reported by Doctor of Credit, these purchases will still earn 1x with the Ink Business Preferred, but 3x is dead as of 2/26. While that’s certainly disappointing news for those hitting this heavily, I’d argue it is good news for those who didn’t know about these opportunities: it’s an indication that despite the constant lamenting of the glory days being over, there are always new opportunities to be found in plain sight. Most who know about this kind of opportunity will probably keep it to themselves, so the best way to find things like this is to just try them out for yourself and see what happens. In the parlance of our times: be the datapoint you wish to see.

We’ve updated our Manufactured Spending Complete Guide to reflect this development.

H/T: Doctor of Credit

Last updated on March 31st, 2019

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.

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Matt

Thanks for posting this Nick. Saved me a WTF moment as i was about to pay my rent and would have been expexcting 3x.

THEsocalledfan
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THEsocalledfan

Giftcards.com is also officially dead.