New Staples Moneymaking Gift Card Deal

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Staples Mastercard Moneymaking Deal

Staples has been pretty consistent with having some sort of a Visa or Mastercard deal around once per month.  They are back starting tomorrow with a deal that definitely can be a moneymaker.

The Deal

“Get a $20 Staples gift card by rebate when purchasing $300 or more in Mastercard gift cards.”  This deal can be seen in the weekly ad and is good for purchases from 7/13-7/19.

The last time they ran this deal it was for the purchase of Visa gift cards and the rebate came in the form of a Visa gift card.  This time the $20 rebate comes as a Staples gift card unfortunately.

Two Options With The Rebate

$17.40 in cash for your $20 Staples gift card still makes this deal a moneymaker.
$17.40 in cash for your $20 Staples gift card still makes this deal a moneymaker.

If you regularly shop at Staples then the rebate may be as good as cash. On the flip side, if you aren’t a big Staples shopper then the gift card may be of no use to you.

Luckily GiftCards.com buys Staples gift cards for 87% of their value. In this case they would buy the $20 gift card for $17.40. (There are other gift card buying sites, but as of right now GiftCards.com has the best payout.)

The Math

As always there are two ways to go about this. You could either buy two $200 gift cards or one $100 gift card & one $200 gift card. Let’s compare both options.

(Note: In my math, I mention the points earned when using a Chase Ink card since that is the best return on investment in my opinion, but you can also use this deal to earn other points or to meet minimum spend requirements.)

Two $200 Gift Cards

  • Cost: $413.90 ($206.95*2)
  • Rebate: $20 ($17.40 with GiftCards.com)
  • Final Cost: $393.90
  • Profit: $6.10 ($3.50 if sold to GiftCards.com)
  • 5x Points Earned With Chase Ink: 2070

One $100 Gift Card & One $200 Gift Card

  • Cost: $312.90 ($206.95 + $105.95)
  • Rebate: $20 ($17.40 with GiftCards.com)
  • Final Cost: $292.90
  • Profit: $7.10 ($4.50 if sold to GiftCards.com)
  • 5x Points Earned With Chase Ink: 1565

Update: As one of my readers pointed out, I forgot to mention that those with a Chase Ink Visa card receive an additional 1% cash back with Visa Savings Edge making this an even better deal!

Analysis

This is another solid deal in my opinion. Unfortunately they do limit the rebate to one per household, but it is an easy way to pickup easy points if you have a Chase Ink card.  Whether or not you sell the Staples gift card is up to you, but it is a moneymaker either way.

As I have stated during previous deals, I would buy two of the $200 gift cards since I value the extra 505 points earned well over the additional $1 it costs.

Conclusion

While this deal doesn’t give you an instant rebate like the recent Officemax promotion, it is still another solid deal to earn points for free while making a couple of bucks.  I will be stopping by Staples this week to make a purchase. Will you?

 


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5 COMMENTS

  1. Thx for the tip! Do you get the rebate if you purchase the cards online, or do you have to go into the physical store?

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