Make $$$ & Rack Up Ultimate Rewards – $15 Off Office Depot/Max Deal!

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Office Depot Mastercard Gift Card Deal

Office Depot/Officemax has a new promotion on Mastercard gift cards. This is a profitable deal that allows you to make money and rack up Ultimate Rewards points!

The Offer

  • Buy $300 or more in select Mastercards, save $15 instantly.

Key Terms

  • Limit one (1) offer per customer.
  • Discount applied at register.
  • Offer valid 8/18/19 through 8/24/19
  • Offer valid in store on Mastercard gift cards only.

While the limit of 1 is probably hard-coded into the register, some stores will allow you to do multiple transactions. This varies from store to store and even sometimes from cashier to cashier!

The Math

You can purchase $200 Mastercard gift cards with a $6.95 fee.

Generally the best option is to purchase 2 of the $200 Mastercard gift cards. When doing so, the math works out like this:

  • Cost of cards: $413.90
  • Minus instant rebate: -$15
  • Final cost: $398.90
  • Profit: $1.10

Maximize

It is best to pay with a card that earns 5X at office supply stores such as a Chase Ink Cash/Plus. For example, a Chase Ink card would earn 1,995 Ultimate Rewards pointsAlternatively, an American Express SimplyCash Plus which earns 5% cashback at office supply stores would earn you $19.95 cashback. But might be best to steer clear of gift card purchases with Amex cards.

Liquidating

Mastercard gift cards come with more issues than Visa gift cards and are harder to liquidate.  Make sure you have a use for them before purchasing. For more detailed information on liquidating these cards, see: How To Liquidate Prepaid Visa & Mastercard Gift Cards

Conclusion

Mastercard gift cards are tricky but if you know how to handle them this is still a good way to earn Chase Ultimate Rewards and make a small profit.

 

Hat Tip – DoC

The responses below are not provided or commissioned by any advertiser or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by any advertiser. It is not any advertiser's responsibility to ensure all posts and/or questions are answered.

4 COMMENTS

  1. In your headline you wrote “Make $$$”. I read your articles all the time because they are useful, but do you consider $1.10 profit to be making $$$?
    Sure you get the 2000 points worth about $20+, but you have to deal with having $400 in gift cards.
    Is making $20+ worth the trouble of driving to the store, buying the card, and then disposing the cards?
    I like to make and save money, but these are such small sums not worth my time – am I missing something?

    • There are a lot of people out there that will do $10-$20K in purchases from this one deal so it is possible. Whether or not it is worth it to you or anyone else depends on the systems you have in place and how good you are at liquidating the cards.

    • As mark stated it is simple if you have a rapport with the sales reps to do 10k in a day. This will generate 44 hard dollars profit. Then your receive 50k UR points, if transferred to the correct cards or programs they can be redeemed for 750-1000 dollars in travel. Not a bad haul for a hours worth of work…but we all value time differently

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