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 profitable promotion this week with a discount on Visa gift card. It’s being promoted in stores. Let’s take a look at the details.
- Save $15 instantly when you buy $300 of Visa Gift Cards.
- Limit one (1) offer per customer.
- Discount applied at register.
- Offer valid 4/14 – 4/20/19.
- Offer valid in store on Visa 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!
You can purchase $200 Visa gift cards with a $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
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 1,995 Ultimate Rewards points. Alternatively, an Amex SimplyCash Plus which earns 5% cashback at office supply stores would earn you $19.95 cashback. But might be best to steer clear of gift card purchases with Amex cards.
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 and work many other places. For more detailed information on liquidating these cards, see: How To Liquidate Prepaid Visa & Mastercard Gift Cards
This is probably the best deal you’ll see from Office Depot and OfficeMax. It’s a good way to add more Ultimate Rewards points to your account especially with many 5X opportunities drying up.
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.