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Staples Mastercard Gift Card Deal
After a quiet streak without deals, Staples ran their Mastercard rebate a couple of weeks ago and will be holding their Visa rebate this coming week. Starting 10/25/15 through 10/31/15 Staples will be offering a $20 Visa gift card via rebate with the purchase of $300 or more in Visa gift cards.
- Most likely in-store only. (Update: This deal is in-store only. More info here.)
- Limit of one rebate per household.
How to Maximize
This deal is best maximized by using a card that earns 5X at office supply stores like the Chase Ink cards. You can also use an Amex SimplyCash which earns 5% cashback at office supply stores.
Using the Chase Ink, the optimal strategy is to purchase 2 of the $200 cards. Here is the math:
- Cost: $413.90
- Minus Rebate: $20
- Final Cost: -$6.10
- UR Points Earned: 2,070
Apple Pay & Discover?
This also might be a good way to utilize the Discover Apple Pay 10% bonus, but then again it might not be. Gift cards are specifically excluded in the terms and it remains to be seen if gift cards will count towards the promotion.
Liquidate the Rebate Gift Card
The rebate comes in the form of a Visa gift card that is NOT pin-enabled. This card can be used for normal spending, but cannot be loaded to Bluebird or Serve. I have had success using it to purchase other gift cards at my local Kroger in order to earn fuel points. You can find more info on that here.
Other New Opportunities
There are now a ton of easy and relatively cheap opportunities to earn 5X points at office supply stores. In the past few weeks along we have seen Staples begin to carry $300 Visa cards online and we have also seen Officemax begin to stock $500 variable load Visa and Mastercard gift cards.
No matter what you decide to do with this deal, you can’t argue with free points at a negative cost. Whether or not you use Apple Pay and Discover or a Chase Ink is up to you, but it is a good deal either way!
HT: Doctor of Credit
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