Make Money – Officemax $20 Off $300 in Visa/Mastercard Gift Cards & My Experience/Issues In-Store With the Deal

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Officemax Black Friday

Officemax Black Friday Officemax Gift Card Deal

The Officemax Black Friday sale includes a gift card deal offering $20 off when purchasing $300 in Visa or Mastercard gift cards. The deal runs through tomorrow 11/29/2014 and has a limit of two.

Issues I Came Across with the Officemax Black Friday Deal

Before going into details of the math, there is an issue I ran into with this deal in-store. Unfortunately the coupon that the cashier has to scan will only take one of the $20 discounts off. In the past you were able to purchase $600 in gift cards on the same transaction and receive $40 off. This deal does not work this way.

To resolve this, you can see if the cashier/manager will manually give the second discount, or you can break the transaction up into two, which will result in additional fees.

Best Uses

This deal is great for anyone with the Chase Ink or Amex Simply Cash cards since they pay 5x at office supply stores. With that said, this can also be a great deal for people looking for a fee free way to meet minimum spending requirements on other credit cards since you end up obtaining the gift cards at a negative cost. Also, those people who were able to sync with the latest Amex Offer, will be able to save even more money.

Math

The best deal is if you can purchase $600 (3 x $200) in gift cards in the same transaction with the $40 discount. In that scenario your cost would look like this:

  • 3 x $200 gift cards @$206.95: $620.85
  • Minus Discount: $-40.00
  • Total out of pocket: $580.85
  • Total profit: $19.15 + points earned on your credit card

Since this scenario is unlikely to work based on my in-store experience, you may have to split up your transactions. In that case you can either buy 2 x $200 cards or 1 x $200 & 1 x $100.

2 x $200 cards

  • 4 x $200 gift cards @$206.95: $827.80
  • Minus Discount: $-40.00
  • Total out of pocket: $787.80
  • Total profit: $12.20 + points earned on your credit card

1 x $200 card & 1 x $100

  • 2 x $200 gift cards @$206.95: $413.90
  • 2 x $100 gift card @ $105.95: $211.90
  • Minus Discount: $-40.00
  • Total out of pocket: $585.80
  • Total profit: $14.20 + points earned on your credit card

I would probably go with the 2 x $200 cards, especially if you are using a 5x card such as the Chase Ink. Getting the extra ~1,000 points is worth paying $2 more in fees.

Conclusion

This is a good deal for those with 5x cards or those who want a negative cost way to meet minimum spend requirements on a number of cards. If you were able to register your Amex cards for the Officemax Amex Offer, then this deal pairs perfectly with that, especially since you will probably be carrying all of your Amex cards with you tomorrow for Small Business Saturday!

Hopefully they will fix the coupon or my experience was not typical, but I have found there are often issues with deals like this at Officemax. If you had a different in-store experience than me, please let me know in the comments. Happy Saving!

HT: Frequent Miler


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12 COMMENTS

  1. I called Office Depot and they said they did not have this deal but did have the other two BF gift card deals. So I drove over to Office Max and was only allowed one discount. Going to another OM today. Thanks for the deal!

  2. Hi thanks for mentioning this offer but I’m confused with your examples. Isn’t $20 off for spending $300? If wouldn’t you get $20 off in examples 2 and 3?

    • If you look at the math I am saying you should do two of each example. So if you did the 2 x $200 gift card option for example, you would buy 4 x $200 total split in two transactions. That would net you the discount twice. (Once per transaction.)

  3. Store #6419
    This O-Max gave me 3X100 = $300
    Then subtracted -$20 = $280.00
    Then added back $17.85 (gift card fee)
    The discount becomes 0.71 cents per card
    I saw many cards with 2.95 price stickers. I foolishly assumed all cards were that price. And did not catch this ridiculous “discount” until getting home after store hours. The adhesive over the zip code was removed by the cashier for some unknown reason.

  4. “Getting the extra ~1,000 points is worth paying $2 more in fees.

    It is not an extra 1000:
    $400 with INK = 2000 pts
    $300 with INK = 1500 pts

    The important diff here is that after the 1st $200 card, the choice is extra $100 card for extra 5.95 fee vs extra $200 card for 6.95 fee. The return is better with the latter.

    • Actually it is an extra 1,000 points. If you choose to buy the $200 gift card instead of the $100 gift card then you are paying an extra $1 for an extra $100 in spend or 500 points.

      Since this deal can be done twice per the terms, if you did this twice, you would be paying $2 more in fees for an extra $200 in spending or 1,000 points.

      I can see where the wasn’t clear though. Thanks Marcus.

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