Office Depot Dining Everywhere Visa Prepaid 5X
Yesterday Chris Stafford broke the news in the Travel Hacking 101 Facebook group about Office Depot carrying a new type of prepaid Visa product. It is called the Dining Everywhere Visa and it is designed to be a prepaid card that you use at restaurants. The card’s website describes it as:
Use your Dining Everywhere Visa® Gift Card for restaurants and bars, everywhere Visa debit is accepted, even online.
Hmmm. Even online? I don’t know of many restaurants online, although I suppose that could mean for gift cards, online ordering, etc. Still, this is a Visa and perhaps it could work anywhere Visa is accepted. Better yet, the card is issued by Metabank (the same bank that issues the normal Visa cards sold at office supply stores) and it is also PIN-enabled according to the site.
So Why This Visa?
So what is the big deal about a new $200 Visa available at office supply stores? While the normal $200 Visa gift cards carry a $6.95 fee, this card only has a $4.95 fee. That makes the math of generating 5X much better. Of course the question is whether or not this card can be used to purchase money orders and/or to load Bluebird/Serve cards.
Why Visas at Office Supply Stores
Before I go into liquidation options, let me quickly go over the benefits of buying Visa gift cards at office supply stores. Many people purchase Visa gift cards at office supply stores with credit cards that earn a category bonus. The two most popular cards are the Chase Ink Plus and the Amex Simply Cash Plus. The Ink Plus earns 5X Ultimate Rewards while the Simply Cash Plus earns 5% cashback.
If you use a Chase Ink to purchase on of these cards, the math works out as follows:
- Cost $204.95
- Ultimate Rewards Generated: 1,025
- Cost per point: $.0048
Less than half a cent per Ultimate Reward point is a very good deal, but only if you can easily liquidate. So can you?
Where to Liquidate
Yesterday when I learned of this card, I went out to my local Office Depot only to be disappointed that they didn’t have any of these cards. Fortunately Debbie at Traveling Well for Less was able to get her hands on some and test them out. According to her post:
I was able to purchase money orders at Walmart, grocery stores, the post office, and other places that sell money orders and accept debit cards.
And I didn’t have to enter my PIN at Walmart.
I was not able to get cash back.
So money orders seem to be a yes, at least for her, but what about Bluebird and/or Serve? Unfortunately, the news doesn’t seem to be as good.
I was not able to load my Bluebird or Serve at Walmart. And this Walmart required a pin.
While it seems she was not able to test the cards out extensively, the loads did not work for her. In the end we have good news and bad news, although more testing and data points are surely needed.
$200 Visas at office supply stores have been around forever and while the math at $6.95 per card isn’t terrible, it isn’t great either. With $2 less in fees per card this method of MS may make sense for some and it can definitely be a good way to rack up points rather quickly. I suspect this will be popular so if you are interested, you may want to act fast.
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