Free Money & 5X at Staples: $15 Rebate on Visa Gift Cards Returns

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Staples Visa Gift Card Rebate Deal

Staples Visa Gift Card Rebate Deal

Staples once again has a negative cost Visa gift card deal this week. The rebate is lower than we have seen in the past, however it is still slightly profitable and can generate 5X points as well. Let’s take a look!

The Deal

  • Get a $15 Visa prepaid card by mail with your Visa gift card purchase of $300 or more.

Key Terms

  • Deal valid from 09-04-2016 through 09-10-2016
  • In-store only.
  • Limit 1 rebate per household.

If you would like to see the full terms, the deal is advertised in next week’s ad (page 15).

Maximizing the Deal

Staples Visa Gift Card Rebate Deal

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.

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: $15
  • Final Cost: -$1.10
  • 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.

Liquidate the Visa Rebate Card

The rebate will come in the form of a Visa gift card that IS pin-enabled. As I covered before, I have successfully loaded a Staples rebate card to a Bluebird/Serve type card at Walmart. The PIN number is the last four digits of the card number. Note that lately a few readers have had issues trying to use this card’s PIN, so YMMV. Worst case you can utilize my previous liquidation strategy or simply use it for normal spend.

Conclusion

These deals are nice if you have a Staples nearby, but stock tends to run out quickly, so I wouldn’t go far out of my way to get the cards, especially if you still have an Office Depot hangover. Either way, it is a way to pickup some points for free which is never a bad thing.


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8 COMMENTS

  1. Do you know if the 1 rebate per household means you can’t return the next day and get another rebate ? I have one across the street from my house so it’s a non issue to go back everyday

  2. Staples near my area accepts cash or debit card for payment when you buy gift card or prepaid Visa /MasterCard . Is this apply to every location?

  3. This deal isn’t as good as the OM deal last week with Ebates. I think I will be able to used the in-store deal again once the cards are restocked.

  4. I’m definitely suffering from OD hangover. I’m floating over $10K from the offers being within weeks of one another. Still, nothing beats free money and points!?! Thanks for staying on top of these offers Shawn!

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