Oh – this is tough. This might be the worst day in my
miles/points life. 😉
As I see it, the CIBC AC Conversion Card is now effectively dead for manufactured spend. Both DCTA and Pointshogger have both covered this card before, but I was too busy MSing with it.
This card was a multi-currency reloadable debit card – but the great thing was that you could load Canadian Dollars with a Visa or MasterCard with no fee.
The maximum load used to be $500 apiece – and you could load up to four times yielding $2000 per card, per day. That meant earning up to 2000 airline miles. This was good. Really good.
In the past two months, I put a lot of money on these ACConversion cards. A LOT. It was also a large adrenaline rush withdrawing thousands of dollars in 20’s.
Now, the maximum load for CAD is $100 with a limit of one load per day. I guess I’ll pick up those 3,000 miles a month… good, but not as exciting as what I was doing before.
I’ve never done manufactured spend in the US much but I guess this is what it’s like when something like Vanilla Reloads die.
Onto the next deal…