Simon Mall 5 Back Visa
Simon Malls currently sell variable load “5 Back” Visas for $3.95. You can load up to $500 on these cards and pay for them with a credit card. Then, when you spend the money you earn 5% back at select merchants. These cards have been popular for many.
Despite launching these cards in November with fanfare and a press release, it seems Simon may be pulling them completely. Just a few minutes ago a long time reader sent me the following note:
Hi Shawn – just some news…Was at my local Simon this afternoon and they informed me that they had received a memo from corporate instructing them to stop selling the 5% visa cards effective immediately. She shared the print out with me but I did not get a copy.
I suppose it is possible this memo only covered this reader’s mall, but I doubt it. I did email the reader back to find out what area of the country this was in and I’ll update the post when I know more.
Has anyone else heard similar news or seen a memo at their local Simon Mall? Let us know in the comments!