Staples Gift Cards at 40% Off Face Value & 5x Rewards – One of the Best Deals I Have Ever Scored!

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staples gift card constant contact

One of the Best & Easiest Deals Ever!

A couple of weeks ago I covered a deal that seemed almost too good to be true. And it was…sort of. Today I want to talk to you a little bit about the deal, what I went through in getting it honored and the final results. Spoiler alert: I almost made out like a bandit.

The Deal

staples gift card constant contact

Online marketing company Constant Contact was selling $50 Staples gift cards for $30 with a limit of 50 cards per person. Seemingly the only catch of the deal was that you needed to be a Constant Contact member to purchase the cards. A free trial was available, so both my wife and I decided to register.

Immediate Issues

The day after purchasing the cards, my wife and I received separate emails informing us that “trial members” were not eligible for the special. After following up, we were eventually able to get Constant Contact to commit to selling the cards to us if we became permanent members so we paid $20 each for the first month’s dues. (We are evaluating the service to see if it makes sense going forward for our respective businesses.)

Once the dues were paid, we received emails confirming our orders and stating that the cards would be shipped within 1-2 weeks! Additionally our credit cards had been charged for the purchase, so we were feeling pretty confident. In an effort not to stretch this out any further, the cards arrived yesterday as promised. Now lets look at why this is such a good deal.

Credit Card Rewards

staples gift card constant contact

Shortly after learning about the deal I purchased my full portion of cards using a Sapphire Preferred card. I needed to complete the $4,000 minimum spend and the $1,500 charge put me over the top. Then later in the day a reader emailed me to say that the purchase showed on his credit card as WPY*Staples Gift Card and he asked if I thought it would earn 5x Ultimate Rewards points with Ink.

While I didn’t know, it sure looked possible and shortly after that exchange my wife purchased her cards using a Chase Ink Plus card. Eventually the charge processed and the $1,500 purchase did earn 7,500 Ultimate Rewards points. Combined with the points earned on my Sapphire Preferred, we earned 9,000 Ultimate Rewards points from this deal. Of course it could have been 15,000 points, but we still did good.

The Cards Themselves

staples gift card constant contact

I now have 100 $50 Staples gift cards with a total face value of $5,000 for which I paid $3,000. As I always tell my son, when someone wants to give you $5,000 for $3,000, it is probably a good idea to take it! (Although the denominations may have been different, that is actually a conversation we have had several times.)

But of course the gift cards are only good at Staples and thus are not truly worth $5,000. So the question then becomes how to convert them back into cash. There really are two good options, both of which are decent.

Gift Card Resellers

staples gift card constant contact
86.5% is not bad considering I only paid 60% of face value for the cards.

The first option is the easiest. I could simply sell the cards to one of many gift card resellers. In fact one of them has already contacted me in the past to purchase cards similar to these for 86.5%. GiftCardGranny also shows that several others will purchase them for that amount.

So if I decide to sell them outright for 86.5%, then I would net gross $4,325 which is an increase of $1,325 over what I paid for the cards. The huge benefit of this method is that involves an incredibly small amount of work. (Staples Easy button anyone?)

Buy & Sell Staples Merchandise

I'm not sure vacuums are the right product to sell given their weight.
I’m not sure vacuums are the right product to sell given their weight.

I could also look for specials at Staples and buy and sell merchandise purchased with the gift cards. This method requires a lot more work, but there are some key advantages to consider.

  • I could probably break even meaning that I would make more money in the end.
  • My wife and I would each be able to achieve Staples Rewards Premier status for 2015 & 2016 meaning we would receive 5% back on all purchases and the ability to recycle 20 ink cartridges per month.

I wrote earlier this year how I lost my Staples Premier status and my wife currently doesn’t have status. By buying at least $2,000 in merchandise ($1k each) we would each gain Premier status and the ability to recycle 40 cartridges per month between us.

There are enough technology deals that come around that I am fairly confident I could at least break even if I decide to resell. Of course there is more work and more risk involved with this method, plus it will take longer to get my money back.

Final Analysis & Conclusion

So I could spend about an hour of time and net over $1,300 or I could spend significantly more time and perhaps make $700 more plus the ability to earn greater rewards in the future. Tough call, but either way this is one of the best non-credit card related deals I have ever scored.

Did you get in on this deal? What is one of the best deals you have ever scored? Feel free to share in the comments!


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12 COMMENTS

  1. Pretty crazy deal! I’d definitely take the resell gc route as it’s much less time intensive.

    Few questions for you. If you did (or will) sell them online, are you using the egift route or are you snail mailing them? Snail mail is a better return, but more risk and takes longer (and you’re floating $ longer). Curious what you did/would do here?

    Are you at all concerned Chase will see a $2,500 charge and possibly flag your account for review?

    My questions are more related to risk of review, money float and also risk of loss of the gcs if mailed.

    • The charge was only $1,500 and I am not too concerned since I use this card for a lot of big business purchases. My wife has a lot of office supply expense for her job, so this isn’t unexpected. As far as selling them, I would go the code route if possible. The one company that offered to buy at 86.5% would take the codes, but most others want the physical cards for that amount.

      The float isn’t too concerning, since I will move the cards rather quickly, although I am leaning towards a buying and reselling approach mostly, since it opens up a lot more doors later as a Premier member.

  2. I’m not sure how, but I missed this! Stinks too because I have a constant contact account already. I’ll be sure to keep my eyes peeled on this in the future. What a steal.

    • That really varies by store. It is corporate policy not to allow you to purchase merchant gift cards with Staples gift cards and none of the stores in my area will allow it. Thanks!

  3. Wow, that is an amazing haul. I know what I would do :). There may be some laptop deals in your local stores today with $100 off $499 reg. price coupon (code 80407) – look for those already on sale but started above $499. Only hassle is that the gift cards usually say limit 5 per transaction and those are $50 cards, but can always use Ink for the balance.

  4. If you follow the FW or SD staples paper threads you can easily turn it back into cash (through ER) without dealing with the aggravation of selling things on ebay etc…

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