Update: As per Kevin’s comment below, Hy-Vee offers a $10 discount for every $150 you spend on Visa gift cards. That makes this deal even more ridiculously profitable. Your local Hy-Vee store(s) could end up selling out, so it might be best to get them sooner rather than later.
Hy-Vee has launched a nice new promotion today, offering a Visa gift card deal which is instantly profitable and doesn’t appear to have any limits.
- Buy $150+ Visa gift cards at Hy-Vee & get $10 off instantly.
- Direct link to weekly ad.
- Expires November 24, 2020.
Even though Hy-Vee isn’t a nationwide grocery chain like Kroger and Albertsons (and their respective affiliate stores) are, they do have a presence in Iowa, Illinois, Kansas, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin which means there’s still a decent number of people who’ll have access to this deal.
And what a deal it appears to be. For starters, it’s instantly profitable as the $10 instant discount will more than offset the card’s activation fee. It’s not restricted to fixed-value cards, so you can buy variable load Visa gift cards to maximize the bonused grocery store spend when buying these.
Most interestingly of all though, there doesn’t appear to be a limit on how many times you can take advantage of the offer. There’s no digital coupon to load, so it seems like the discount is automatically taken off at the register, although you might need to scan a Fuel Saver + Perks card.
That being the case, you can spend $495.95 over and over again to get cards with $500 of value loaded to them. $4.05 profit each time plus bonused spend at grocery stores makes for a very nice week if you live near one or more Hy-Vee stores.
Something important to be aware of is that these are MetaBank Visa gift cards. There are issues liquidating them right now, so be cautious when stocking up on these if that would be your normal method of redeeming them.