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The Truth About Buying Gift Cards at Staples
It is amazing that as bloggers we can write something and start a conversation. Conversations are so valuable because they allow us to see beyond our own ideas and thoughts.
Last week Ed at Pizza in Motion mentioned in passing that he didn’t think buying gift cards at Staples is a good deal. That really got me thinking, so I wrote about how I believe it is a good deal and demonstrated why.
In my post, I broke the deal down to the most basic level. I asserted you could pay yourself back with points and still make over $100 per hour. Matt at Saverocity challenged me yesterday, basically saying that paying yourself back is rubbish. (He is British!)
As I mentioned in my post, I don’t actually pay myself back for the cost of the gift cards. I was simply presenting it as an option for those who were looking for completely free points. You know that whole “free travel” idea that a lot of people sell.
Matt very clearly proves why selling the points back to the bank for less than face value isn’t an ideal solution for anyone. It certainly isn’t the best way to maximize your time or money. With that said, I think being comfortable with a solution can be just as important as maximizing everything.
I think it is important in this hobby to look at all deals from as many angles as possible. Sure I presented an option which I don’t practice myself, but I recognize that it has value to a lot of people.
Since I don’t want to shortchange Matt’s post, I highly suggest going over to Saverocity and reading it. His logic is pretty spot on and I appreciate yet another perspective on the topic.
What Do You Think
So what do you think? Is Matt’s logic correct or is it something that works better in a perfect world? If you feel the need to pay yourself back, should you just find a more efficient way to earn the money to spend on travel? Do you not care? Let me know!
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.