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Buying Visa Gift Cards from GiftCardMall
A couple of weeks ago I wrote about why GiftCardMall is a viable option for manufacturing spend now that portal cashback has returned. I hadn’t made a purchase of Visas on GiftCardMall for nearly a year, so last week I decided it was time to do it once again. I had a $3k minimum spend to hit on a credit card, so I decided to get it over with in one chunk.
The Purchase & Which Card Design
To purchase the Visa gift cards I reached GiftCardMall through the Top Cashback portal. As of the time of publishing, I believe Top Cashback’s rate of .5% is the best available.
Once on the GiftCardMall site, I purchased 6 x $500 rubber ducky gift cards. In addition to liking the rubber ducky design, it doesn’t have the word gift card on it. Since these cards come personalized, there is no reason for anyone to think this isn’t a normal debit card.
There are a number of different card designs like the rubber ducky that don’t say gift card on them. I would try to stick with those and I feel it is a good idea to avoid designs that invoke the image of a gift. Designs that have presents, candles or cake probably aren’t good. There are a number of generic designs with pictures of golf, nature, paintings, etc. that work well.
Quantity & Shipping
As I mentioned in my previous post, the sweet spot for purchasing these cards is six or more. That is because at that quantity, “Critical Mail” shipping is about the same price as normal shipping. The main reason to use Critical Mail is that it is trackable whereas the cheapest shipping option is not.
For my recent order of six Visa cards, I chose Critical Mail which was only $.20 total more than normal mail. All of the cards came in a Priority Mail trackable package two days after they were shipped or about six days after I placed the order. The separate envelope with the activation codes arrived at the same time.
My initial cost of the 6 x $500 rubber ducky personalized Visa gift cards was $3042.54. GiftCardMall pays the .5% cashback based on the face value of the cards, so my total cashback for the purchase was $15. Thankfully I received a confirmation from Top Cashback within about two hours!
Here is my cost:
- Initial cost: $3042.54
- Cashback: -$15
- Total cost: $3027.54
- Cost per $500 card: $4.59
- Cost percentage: .009
As you can see, the fee for these cards works out to be less than 1%. The only places I know of that sell $500 Visa gift cards for less are malls. While I love my local Simon mall, each visit takes at least an hour and it can be quite the process which includes paperwork, a manager and angry customers behind me.
There are two other advantages to buying Visa gift cards from GiftCardMall. First, you don’t have to deal with surly cashiers or nosy ones who wonder why you are purchasing so many gift cards. Finally, these cards come personalized with your name on them which makes liquidating them much easier.
There are definitely a couple of disadvantages as well. It can take GiftCardMall a few days to process your order. They also have a fraud system in place that can stop your order if they suspect something is wrong. I have never had issues, but GiftCardMall did call me to verify my new address (I have moved since I placed my last order).
The other disadvantage is the mail. Some people don’t feel comfortable having thousands of dollars in gift cards sent through the mail. I have never heard of anyone having issues and I feel safe enough with the tracking information provided.
Visa gift cards purchased from GiftCardMall are issued by Metabank and can be loaded to Bluebird/Serve/REDbird by using the last four digits of the card number as the pin. They can also be liquidated in a variety of other ways. For more info, see How To Liquidate Prepaid Visa & Mastercard Gift Cards.
My return to GiftCardMall has been successful! I was able to instantly hit my minimum spend on a credit card without having to leave the house. With low fees and personalized cards, I still feel this method is very good and plan to add it to my arsenal going forward.
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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.