New Visa Gift Card Deal at Office Depot plus 5X

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Office Depot Visa Gift Card Rebate

Office Depot Visa Gift Card Rebate

Office Depot and Officemax have a new Visa gift card deal starting Sunday. It’s not as good as previous deals but still useful to earn UR points or cash back.

The Offer

  • Save $10 instantly when you buy $300 or more in Visa gift cards.

Key Terms

  • Limit 1 offer per customer.
  • Discount applied at register.
  • Offer valid 6/4/17 through 6/10/17

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

Office Depot carries a wide variety of Visa gift cards. Some are variable load up to $200 with a lower fee and others carry a $6.95 fee. Since not everyone has access to the lower fee cards or wishes to deal with their restrictions (some only work at specific merchants), I’ll base the math on the $6.95 fee.

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

  • Cost of cards: $413.90
  • Minus instant rebate: -$10
  • Final cost: $403.90
  • Loss: $3.90

Previous offers had a limit of 2 which allowed you to get 2 discounts on the same transaction when purchasing $600 in cards. This meant you could turn in a small profit when purchasing $600. Unfortunately that doesn’t seem to be the case with this deal.

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 2,020 Ultimate Rewards points at a cost of $3.90Alternatively, an Amex SimplyCash Plus which earns 5% cashback at office supply stores would earn you $20.20 cashback, or a $16.30 profit after subtracting fees.

Right now there’s also an Amex Offer for Office Depot and OfficeMax that would work great with this gift card deal if you were targeted. You can get a $10 statement credit with a $50+ in one or more transactions in-store by 7/31/2017.

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 not as good as previous deals as you only get a $10 discount and the limit is now 1 instead of 2. You can still generate points at a very low cost though. Happy 5Xing!

HT: Doctor of Credit


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12 COMMENTS

  1. Don’t forget that you also get 2% back in OfficeDepot Rewards. So, your $400 purchase nets you another (roughly) $8 in OD/OM’s program.

      • At Staples – No.
        At OD/OM – Yes
        I think this just started late last year…

        Here’s an item in my rewards account from the last Visa GC ($200 GC purchase) offer:

        Item # 225548
        Rewards Details
        Get 2% Back In Rewards On Everything. Valid In Store, Online, By Phone Or Fax.
        $3.85

        The way they calculate the 2% seems a little odd and inconsistent (sometimes includes fees, sometimes doesn’t include fees, deducts offer discount, etc). But, it’s roughly a 2% return

  2. You can also use your Amex offer if you had one ($10 back if you spend $50+) and split the transactions to multiple cards.

  3. Tim,
    R u sure you get 2% back in OfficeDepot Rewards. Rules states no rewards on gift cards for the personal rewards accounts, and there’s no rewards at all for business accounts. Help me here?

    • Since late last year GC purchases have been counting. Rules seem to be pretty fluid with all rewards programs. So… Am I 100% certain that they STILL count? – No.
      One data point: Rewards were posted to my Rewards account for a Visa GC purchase that I made on 5/4/2017.
      Where do you see the language that you posted above? Maybe, these rules are now in effect? Is this language posted with the latest offer or is this some legacy language?
      I’ll provide my Rewards account info at purchase. If I get the 2% – great. If I don’t – c’est la vie…
      If the Rewards don’t post (and they seem to show up shortly after a purchase) I would not continue to provide my Rewards account info for subsequent purchases – I prefer the anonymity. If they do show up, I’d prefer the $8 to my anonymity.
      All the help I can provide is from my recent experience.

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