More Giftcards.com Visa Changes
For awhile Giftcards.com was a decent place to purchase Visa gift cards. They often ran free shipping codes, the cards are personalized with your name and they work at both Walmart and Target. It was a sweet spot for sure!
Of course the cards became popular and thus things slowly began changing. Last month the free shipping codes ended and the fee per card went up from $4.95 to $6.95. Now it seems that one other change has been added. As The Points of Life points out, you can no longer get first class shipping for $1.99 per card.
This means that the cheapest option for shipping is USPS Delivery Confirmation which costs $7.45 per order. If you only order 1 or 2 cards then the price is the same. Thus it makes sense to maximize by ordering five cards. Unfortunately it isn’t quite that simple. Here are some things to consider:
- The maximum dollar amount per card is $500
- The maximum order amount including all fees and shipping is $2,500
By reverse engineering this, I have determined the best course of action is to purchase 4 X $500 cards and 1 X $457.80 card. This will bring the total of your order to exactly $2,500. (If you apply “G Money Points” then the math changes by the amount of rewards you apply.)
So does it make sense to do this? Here is the math:
- Face value: $2,457.80
- Shipping & Fees: $42.20
- Fees as a Percentage of Face Value: 1.72%
That is not good at all, however there is another calculation to consider.
Purchases from Giftcards.com earn 1% back in rewards. Therefore this purchase should earn $24.58 in rewards for your next order. If you factor in the rewards, then the cost is only $17.62 or about .72% of face value. Not too bad considering.
Order Denials – A Bigger Issue
Perhaps the biggest hurtle when it comes to Giftcards.com is the cancellation of orders. I know a lot of people who have had orders cancelled for seemingly no reason. Larger orders that creep close to the $2,500 mark seem to be cancelled more often. I think this is more of an issue than the cost.
If you don’t have a history with Giftcards.com, be prepared to start small and work your way up. That is really the only thing that seems to work consistently. Of course starting small means paying a lot more because of these changes, which probably isn’t worth doing.
While the elimination of the $1.99 first class shipping option hurts for smaller orders, there still can be value in purchasing orders of multiple cards if you can get them approved. Unfortunately Giftcards.com seems to be tweaking their offerings and that doesn’t appear to be good news in the long term. This goose isn’t dead, but it is barely hanging on.