2.NBT.A.1 is about understanding that the hundreds digit carries the most weight. On the line, 400 sits four fifths of the way along because it is four hundreds, and the task makes that weight visible as distance.
Children often try to count in ones or tens on a line this long. Head that off by asking them to think in hundreds first, then adjust.
When to dropAfter two cards, drop 500 to define the range, and expect a big recalibration. Drop 250 next to halve the line, then 100 as a unit of one hundred to measure the lower numbers.
Drop unlocks after 2 cards placed.
Ask whether thinking in hundreds first made the placing easier.
The same landmark reasoning that works to 100 works to 500. The hundreds digit tells you roughly where a three-digit number lives.