Officemax/Office Depot Visa Gift Card Deal
This morning Frequent Miler was alerted to a Visa gift card deal via Twitter. At the time, not much was known other than Officemax was giving $10 off of the purchase of 2 Visa gift cards. Thankfully this afternoon I was able to head out into the “field” to learn everything about this deal. I even found an interesting tidbit that makes it a thousand times better. (Ok maybe not a thousand times!)
Receive a $10 instant rebate with the purchase of 2 $50 Visa gift cards. Each card carries a $4.95 purchase fee, making the final tally $99.90 for $100 worth of cards. (Or is it? See below.)
While the original report on Twitter only mentioned Officemax, people commented on the Frequent Miler post about it being available at Office Depot as well. Thankfully this afternoon I was able to confirm the existence of the deal at both stores.
Since each of the stores handles the deal differently, I will give each one its own section.
Office Depot sells Vanilla branded gift cards. These cards generally don’t work at Walmart to load Bluebird/Serve. To get the discount, simply bring the gift cards to the register and the system will automatically deduct $10.
The $50 Visa gift cards at Office Depot come in a red package as shown below. As you can see, the sign lists four eligible item numbers. I was not able to confirm what each of those item numbers is, but I only saw 1 SKU of $50 Visa gift cards on the shelf. (In fact my Office Depot only had 2 cards left.) This means that it is possible the deal may work with other denominations.
Officemax has a completely different computer system than Office Depot so the deal works a little differently. When the cashier rings up the gift cards, they must also scan a barcode in their coupon book to get the discount. (Note: Some Officemax locations have been updated to the Office Depot POS system and thus the deal will work as mentioned above.)
As you can see from the Officemax sign, two SKUs are listed. Officemax sells Visa gift cards issued by Metabank which can be loaded to Bluebird or Serve. If you need the pin, it is automatically the last four digits of the card number, although some people have reported you don’t need to enter a pin on these low value cards.
GLITCH: This afternoon when I visited Officemax, the system took off $10 per card when the cashier scanned the barcode. My purchase for two cards ended up being $89.90. This only works at Officemax where they must manually scan the coupon. At Office Depot, the correct $10 discount is given.
Maximizing the Deal
At both stores the deal is limited to 2 offers per household/customer. Since this is an instant rebate, if you are able to get the cashier to ring multiple transactions separately then you may be able to get the discount more than once.
Obviously it is best to go to Officemax as opposed to Office Depot. First off, the above glitch makes this deal much more profitable. Also, Vanilla cards can be a pain to liquidate, whereas Metabank cards are much easier.
To maximize this deal you will want to use a Chase Ink card which earns 5X at both Officemax and Office Depot. If you do, here is how the math works out with and without the glitch:
No glitch – $.10 profit plus 500 Ultimate Rewards Points
With glitch – $10.10 profit plus 450 Ultimate Rewards Points
This is a good deal for patient people who are looking to generate Ultimate Rewards points. The Officemax glitch makes the deal infinitely better if you can scale it. Since you are making a $5.05 profit on each card with the glitch, the opportunity exists to make a decent profit without having to spend astronomical amounts, but the cards can be a pain to liquidate.
Liquidating These Cards & Caution
I have created an entire resource around liquidating Visa gift cards. As mentioned before, Vanilla branded cards purchased at Office Depot generally don’t work at Walmart. Also, keep in mind that small denomination cards like these are a pain to get rid of.
One of the reasons I didn’t buy more cards today is that I am still a little burned out from liquidating all of the $100 cards I ended up purchasing during the “Officemax Christmas miracle“. While I still made out nicely profit wise, it pushed my patience to the limit.
As I sit here, there are still a few unknowns that I know a lot of people are questioning. I have yet to hear reports, but I will update you if I hear anything different.
- Will this discount work with other denominations? I am not sure, but there are multiple SKUs listed on the signs. In both stores I had strict cashiers, so I wasn’t able to stray from the deal.
- Will the Officemax glitch take $10 off every card on the same transaction? I know similar glitches in the past have worked both ways. If it does, you may want to get out and try it. People tend to stay quiet about these things.
- How long will the glitch last? In the past they have fixed these types of errors within a day or two. They could fix it at any time.
This is a good deal for patient people who are looking to generate Ultimate Rewards points. The Officemax glitch makes the deal infinitely better if you can scale it. Please feel free to share your own experiences in the comments. Do you feel this deal is more trouble than it is worth?
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.