Free Money & 5X at Staples: $20 Rebate on Amex Gift Cards

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staples amex rebate

Staples Amex Gift Card Rebate Deal

I love Staples gift card deals, but when they come on the heels of a fine Office Depot deal (which turned out better than expected), they do seem a little lackluster. Either way, Staples will be having a rebate on Amex gift cards this coming week. Let’s take a look.

The Deal

  • Get a $20 Staples® Gift Card after Staples® easy rebate when you buy $300 in American Express® Gift Cards.

Key Terms

  • Valid 8/28/16-9/3/16.
  • Limit 1 offer per household.
  • In-store only.
  • Promo not valid in VT.

Maximizing the Deal

staples amex rebate

This deal is best maximized by using a card that earns 5X at office supply stores like the Chase Ink Plus or Chase Ink Cash. You can also use an Amex SimplyCash Plus which earns 5% cashback at office supply stores. This will also work well with the 5% back Amex Offer.

Using the Chase Ink, the optimal strategy is to purchase 2 of the $200 cards which cost $206.95 each. Here is the math:

  • Cost: $413.90
  • Minus Rebate: $20
  • Final Cost: -$6.10
  • UR Points Earned: 2,070

You could also purchase a $200 card and a $100 card, but the savings of $1 on fees doesn’t justify the loss of 500 Ultimate Rewards points on the extra $100 in spend.

Need to Know

  • Amex gift cards are not PIN-enabled and cannot be loaded to prepaid cards such as Bluebird/Serve.
  • You can use Amex gift cards to buy merchandise anywhere Amex is accepted and some stores will allow you to buy other gift cards with them.
  • Amex gift cards seem to be much easier to find at Staples compared to their Visa & Mastercard counterparts which should make participating in this deal a bit easier.
  • The rebate comes as a Staples store gift card. It can be used at Staples or sold for up to 85% of face value.

Conclusion

No this deal isn’t as good as Visa or Mastercard gift card deals since those cards are easier to dispose of, but this is still a negative cost way to earn a few bucks plus 5X Ultimate Rewards if you have a Chase Ink. For those who have a use for the Amex cards and/or for those of you who don’t have access to Office Depot/Officemax this week, this could be an alright way to go.


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