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Office Depot Visa Gift Card Rebate
Around Thanksgiving Office Depot and Officemax ran an instant Visa gift card rebate promotion and now according to a source, they are running another one just in time for Christmas! Let’s take a look.
- Save $15 instantly when you buy $300 or more in Visa gift cards.
- Offer valid in store only 12/18/16 – 12/24/16.
- Discount applied at register.
During the recent Thanksgiving promotion the limit was 1 per customer, however that wasn’t always enforced. As of now I don’t have confirmation of the exact limit, but I would suspect it will be the same.
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, so I’ll be watching closely to see if the higher limit returns.
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. These cards should work fine to load Bluebird/Serve at Walmart. They also generally work for money orders if that is your thing. For more detailed information on liquidating these cards, see: How To Liquidate Prepaid Visa & Mastercard Gift Cards
While I know many of you have been giving your Ink cards a workout with all of the recent gift card deals, things will slow down soon so it might be time to have one last hoorah before Christmas. Either way this is a very nice way to generate big rewards and a small profit as well.
If you happen to see this offer in-store let us know the exact terms and I would love if you could send over a copy of the sign to firstname.lastname@example.org! Thanks.
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.