Earlier this week, a Frequent Miler Insiders member shared that Gift of College Gift Cards are now available in-store at Stop & Stop, a grocery chain with locations throughout the Northeast. The company that owns Stop & Shop also owns Giant and Food Lion, so there could be a chance that they’re eventually rolled out there as well.
These are variable load, $25-$500 cards and could be a very attractive option for those who are looking to fund college savings with a credit card. (h/t: Steven C)
The Deal
- $25-$500 Gift of College cards can now be purchased in-store at Stop & Shop.
Quick Thoughts
For years, Gift of College have been a very popular vehicle for those looking to load a college savings account, but the $500 versions have become harder to find in many areas of the country. Stop & Shop has an expansive footprint in the Northeast and NY-metro area, so there will undoubtedly be many interested folks out there.
Options to buy online have come and gone, but usually the ecards can only be loaded with up to $200 and the purchase fees make them unattractive for most points hounds. Being able to buy them at Stop & Shop is good news for those who can take advantage.
There are frequent Stop & Shop promotions on Citi Merchant Offers and SimplyMiles, so make sure to check those before heading out to the store.
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6.95 fee?
Spotted at my local store (also in CT). Didn’t try to buy as I didn’t have my Amex gold on me, but this is a major upgrade over my monthly drive to Cumby’s.
Just bought my first one at Stop and Shop in CT, thanks for the tip!!
My son has had his 529 account for more than 15 yrs. And those funds can be converted to a Roth ira. He now has earned income. So GofC GCs can translate into Roth contributions for him, easy points for me … less than a mile away. Nice