Mastercard Gift Card Instant Rebate! $10 off $300+ at Office Depot/Max: Info & How to Maximize

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office depot mastercard offer

Office Depot Mastercard Gift Card Rebate

Office Depot and Officemax have a new Mastercard gift card deal starting Sunday, April 1st. Let’s take a look at the details.

The Offer

  • Save $10 instantly when you buy $300 of Mastercard gift cards.

See ad here.

Key Terms

  • Limit one (1) offer per customer.
  • Discount applied at register.
  • Offer valid 4/1/18 through 4/7/18.
  • 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: -$10
  • Final cost: $403.90
  • Loss: $3.90

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 2,019 Ultimate Rewards pointsAlternatively, an Amex SimplyCash Plus which earns 5% cashback at office supply stores would earn you $20.19 cashback. But might be best to steer clear of gift card purchases with Amex cards.

Visa SavingsEdge will also save you 10%, up to $5.

Liquidating

Mastercard gift card deals are not as good as Visa deals since they’re a hassle to liquidate. For more detailed information on liquidating these cards, see: How To Liquidate Prepaid Visa & Mastercard Gift Cards

Conclusion

This is not the best deal since the instant discount is only $10 and it only applies to Mastercard gift cards. However, we haven’t seen these deals in a while and with many other 5X opportunities drying up, it could be useful to add some Ultimate Rewards to your accounts.

Happy 5Xing!

HT: Doctor of Credit


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4 COMMENTS

  1. I believe they made a change to their program that starting April 1 you don’t earn 2% back in rewards on gift cards anymore. At least that was what was reported by doctor of credit a few weeks ago.

  2. Yes, AVOID USBank issued MC like the plague. They have very weak security which allows someone to bulk check the cards by a script and they’ll know right away when you load it….and will drain it ASAP.

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