I
know I am really behind on jumping on this deal. I first read about Chase Prepaid Visa gift cards with fees
waived from the The Points Guy. I
waited a while because I was waiting to hear reports on whether these gift
cards could act as true debit PIN cards.
I wanted to read about other user experience with transferring the money
balance to their Bluebird account, or to paying for a Money Order without
issue. I also wanted to make sure
that buying these Chase gift cards with my credit card did not charge a “cash
advance” for making the purchase.
Reports then starting coming in from users achieving success with: 1) no cash advance and 2) easily activating a PIN code as well as 3) easily transferring the
funds to their Bluebird account or to purchase a Money Order. I decided that was enough info for me to get in on this opportunity.
Last
week I went to https://www.chasewebgiftpurchase.com/
and purchased two $500 gift cards.
The reason I purchased only 2 was because this was the amount I would
feel comfortable leaving tied up into a gift card in the event that I could not
liquidate the funds easily.
A few days later I checked my Chase credit card statement online and saw that Chase classified this gift card purchase as a normal transaction:
It took a few days to receive the gift cards and I finally received them last night!
My wife and I then went to
the local Walmart and loaded each card into my wife’s Bluebird account as a debit card transaction. I used her account since I already
maxed out the $5,000 monthly load limit on my account.
The whole process was surprisingly easy
and we just made another quick 1,000 Ultimate Rewards points, which can be
valued at up to 2 cents per point.
Now if you want to convert these 1,000 UR points directly into cash, it
would be $10. I'm sure you know by now, points converted to airfare or hotel stays can be worth much more than just cash.
The
consensus with these Chase prepaid gift cards seems to be:
1. You must use a Chase credit card to
make the purchase
2. You can purchase up to 5 cards at a maximum value of $500 each
3. There is no cash advance fee
4. Card takes 5-7 days to arrive, each arriving separately in its own envelope
5. There is a default PIN code already set up, which you can change
6. No one knows when the purchasing fees will be waived, except that Chase says it is “temporary”
7. Chase gift cards cannot be sold online to residents of AR, CT, HI, ME, NH, NJ, RI, VT. Sorry folks
2. You can purchase up to 5 cards at a maximum value of $500 each
3. There is no cash advance fee
4. Card takes 5-7 days to arrive, each arriving separately in its own envelope
5. There is a default PIN code already set up, which you can change
6. No one knows when the purchasing fees will be waived, except that Chase says it is “temporary”
7. Chase gift cards cannot be sold online to residents of AR, CT, HI, ME, NH, NJ, RI, VT. Sorry folks
8. SSN is required when purchasing these gift cards
These
Chase gift cards are a great way to quickly rack up a few thousand points. They can be used just like a regular
credit card to buy everyday items.
They also make great
gifts. I believe gifting a prepaid
card is better than cash since it’s easier to keep track of your spending and
doesn’t make your fingers feel kinda gross after touching physical money.
I'm off to order some more Chase gift cards to load my Bluebird account for the month of May.
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