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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!
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.