Free Money & 5X Next Week: Staples Sweetens the Deal & Ups the Rebate!

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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. After quite a few deals with only a $15 rebate, the company has made things a little sweeter this time. Let’s take a look!

The Deal

  • Get a $20 Visa prepaid card by mail with your Visa gift card purchase of $300 or more.

Key Terms

  • Deal valid from 10-23-2016 through 10-29-2016
  • 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 5).

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: $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.

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

I’m glad to see Staples return to a $20 rebate which makes the deal slightly nicer I suppose. Given that this is a Visa gift card deal with a Visa gift card rebate, it is probably a bit more attractive than the Mastercard deals and thus probably worth a quick stop in if you have time next week. Happy 5Xing.


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12 COMMENTS

    • I don’t know. With as many as we have seen of these this year, you could have racked up probably 40K points. Sure the OD/OM deals are much nicer (and no one is arguing that), they have been known to go away for long periods plus not everyone has stores that accept credit cards. This is still a good deal for what it is and definitely is worth talking about in my opinion.

      • I was just joking to each his own of course. Have there really been 20 of these? That’s what it would take to get 40k points assuming a $400 in GC volume per visit.

        It’s just too much legwork for too little return IMHO for anyone who could capitalize on the OM/OD deals. No economies of scale.

        • I totally agree on the economies of scale argument. Even considering this deal does happen often we don’t know for sure if it’ll continue to happen a lot and in small spurts it doesn’t feel worth the trouble IMO. But if you aren’t able to scale with the OD/OM deal then it may be worth it.

  1. Bluebird/Redbird/Serve has been dead in my neck of the woods for almost a year… so liquidating is done by Walmart Money order and even that’s a pain in the booty. For someone like me, I use these on my legitimate spending where I would normally earn just 1 pt/$1.. like daycare, auto repair, Karate for kids… so I would earn 4 extra points per $1. can’t do $40k like rick b above, but it still earns me lot of buns UR points

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