Office Depot Visa Gift Card Rebate
Last week Office Depot and Officemax released an amazing unadvertised Mastercard instant rebate. It was perhaps a bit too good since it was pulled after a couple of days. Then, a rumor surfaced regarding a Visa gift card rebate that is supposed to start today. Thankfully I can say that the deal is now confirmed!
- Save $15 instantly when you buy $300 or more in Visa gift cards.
- Limit 1 offer per customer.
- Discount applied at register.
- Offer valid 4/9 – 4/15/17.
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!
Office Depot carries a wide variety of Visa gift cards. Some are variable load up to $200 with a lower fee and others carry a $6.95 fee. Since not everyone has access to the lower fee cards or wishes to deal with their restrictions (some only work at specific merchants), I’ll base the math on the $6.95 fee.
Generally the best option is to purchase 2 of the $200 Visa 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
Previous offers had a limit of 2 which allowed you to get 2 discounts on the same transaction when purchasing $600 in cards. This meant you could profit close to $10 when purchasing $600. Unfortunately that doesn’t seem to be the case with this deal.
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 also earn 1,995 Ultimate Rewards points. Alternatively, an Amex SimplyCash Plus which earns 5% cashback at office supply stores would put an additional $19.95 in your pocket.
Visa gift cards sold by Officemax/Office Depot are issued by Metabank and are pin-enabled. Thankfully they are generally easier to liquidate than Mastercard gift cards. These cards should work fine to load Bluebird/Serve at Walmart and work many other places. For more detailed information on liquidating these cards, see: How To Liquidate Prepaid Visa & Mastercard Gift Cards
While I know many of you probably gave your Inks a workout last week during the Mastercard promo, this is another deal where you can generate points at a negative cost without too much effort. It isn’t as lucrative as the other promo, but perhaps it will actually stick around the entire week because of that! Happy 5Xing!
HT: Doctor of Credit