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Two popular shopping portals have announced that they will no longer pay out cash back on Visa Gift Cards as of the end of this month. If you intend to place any orders that qualify for cash back, you only have a few days left.
As seen above, Yazing made this announcement via Twitter. That message is consistent with language on Top Cash Back that indicates payouts on Visa Gift Cards will end at the end of April.
It would be a reasonable assumption that this change will affect all of the shopping portals that pay out on Giftcards.com orders, so cash back on Visa Gift Cards will no longer be possible starting on 5/1/18. It looks like Mastercard gift cards will continue to pay out for the time being.
H/T: Doctor of Credit
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[…] portals stopped paying out on Visa gift card purchases from GiftCards.com several months ago (See: Cash back ending for Giftcards.com VGCs), though that wasn’t necessarily universal. Mastercard gift cards have still been paying out […]
Based on my calculations, Giftcards.com used to average about 5,100 orders per day. That number has dropped to 1,500 per day in May. Wonder if this loss of revenue will make them decide to reinstitute the 1% cash back on Visa GC?
[…] recently shared the news that GiftCards.com will no longer pay cashback on Visa gift card purchases through cashback portals. There might still be a way to earn cashback […]
Has expanded to Giftcardmall now too, as of today
Saw that. Not very surprising, but disappointing nonetheless.
For those of us without access to Simon Malls and grocery stores that carry $500 Visa’s (that are drainable), what would you suggest going forward? Possibly ordering Simon gift cards online? What are your thoughts?