Five Back Visa Instant Rebate! $15 off $300+ at Office Depot/Max: Info & How to Maximize

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Office Depot Visa Gift Card deal

Office Depot Visa Gift Card Rebate

Office Depot and Officemax have a new Visa gift card deal starting Sunday. This is one of the best deals they offer. Let’s take a look at the details.

The Offer

  • Save $15 instantly when you buy $300 or more in Five Back Visa gift cards.

Key Terms

  • Limit 1 offer per customer.
  • Discount applied at register.
  • Offer valid 10/22/17 through 10/28/17

While the limit of 1 is probably hard-coded into the register, some stores will allow you to do multiple transactions. This varies from store to store and even sometimes from cashier to cashier!

The Math

You can purchase variable load Five Back Visa gift cards for up to $200 with a $6.95 fee.

Generally the best option is to purchase 2 of the $200 Five Back Visa gift cards. When doing so, the math works out like this:

  • Cost of cards: $413.90
  • Minus instant rebate: -$15
  • Final cost: $398.90
  • Profit: $1.10

Maximize

It is best to pay with a card that earns 5X at office supply stores such as a Chase Ink Cash/Plus. For example, a Chase Ink card would earn 1,995 Ultimate Rewards points besides the $1.10 profitAlternatively, an Amex SimplyCash Plus which earns 5% cashback at office supply stores would earn you $19.95 cashback, or a $21.05 profit total.

You can get another $4 through their rewards program which gives you 2% back, but it’s capped at $200 per quarter.

Liquidating

Visa gift cards sold by Officemax/Office Depot are issued by Metabank and are pin-enabled. Thankfully they are generally easier to liquidate than Mastercard gift cards. These cards should work fine to load Bluebird/Serve at Walmart and work many other places. For more detailed information on liquidating these cards, see: How To Liquidate Prepaid Visa & Mastercard Gift Cards

Conclusion

This is a great deal to add more Ultimate Rewards points to your balance, especially now that some major online gift card opportunities have dried up. As for the “five back” part of these Visa gift cards, you can checkout eligible 5% cashback merchants here, but all the good ones have dropped out already.

There’s also a gift card deal going on at Staples this upcoming week.

Happy 5Xing!

HT: Doctor of Credit


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11 COMMENTS

  1. Why tie up $400 when you can load $200 on one, and $100 on the other to still get the same $15 in savings? Well, maybe for me it doesn’t make sense because I don’t have any cards that would give me 5x…

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