Disclosure: 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. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.
Office Depot Visa Gift Card Rebate
Office Depot and Officemax have a new Visa gift card deal starting Sunday. It’s not as good as previous deals but still useful to earn UR points or cash back.
- Save $10 instantly when you buy $300 or more in Visa gift cards.
- Limit 1 offer per customer.
- Discount applied at register.
- Offer valid 6/4/17 through 6/10/17
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: -$10
- Final cost: $403.90
- Loss: $3.90
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 turn in a small profit 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 earn 2,020 Ultimate Rewards points at a cost of $3.90. Alternatively, an Amex SimplyCash Plus which earns 5% cashback at office supply stores would earn you $20.20 cashback, or a $16.30 profit after subtracting fees.
Right now there’s also an Amex Offer for Office Depot and OfficeMax that would work great with this gift card deal if you were targeted. You can get a $10 statement credit with a $50+ in one or more transactions in-store by 7/31/2017.
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
This is not as good as previous deals as you only get a $10 discount and the limit is now 1 instead of 2. You can still generate points at a very low cost though. Happy 5Xing!
HT: Doctor of Credit
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.