MetaBank has added wording to the terms of Happy gift cards excluding the use of them to purchase third party gift cards.
You may use your Card at brick-and-mortar locations in the United States of the merchants whose logos appear on the Card. Online redemption may not be available for all merchants. Each time you use your Card, you authorize us to reduce the value available on your Card by the amount of the transaction. Your Card cannot be: (1) redeemed for its cash value; (2) used to obtain cash or other gift cards in any transaction; (3) used for illegal transactions; (4) used to make foreign transactions; (5) used to pay credit card, charge card, or similar accounts with the merchants; or (6) used for purchases where recurring payments may occur, such as subscriptions, memberships, rentals, etc.
If that’s enforced by stores, it’d be a huge blow as the main benefit of discounted Happy gift cards is using them at Home Depot, Bed Bath & Beyond or Buy Buy Baby to buy third party gift cards or Visa and Mastercard gift cards.
There’s no indication that this will be hard coded at any of these stores, so it should still be possible to buy other gift cards. However, if a cashier notices what card you’re trying to pay with and they’re familiar with the terms of Happy gift cards, they could require that you pay with a different card.
Happy gift cards frequently go on sale, so it’s something to be aware of before loading up on them.
[…] sometimes happened at Office Depot), which made me suspect it was at the insistence of Home Depot. MetaBank then added wording to the terms of Happy cards excluding the purchase of third party gift cards which was also […]