Staples Amex Gift Card Rebate Deal
Staples has a negative cost Amex gift card deal coming next week. While not as good as their Visa or Mastercard deals, it could still be nice for some. Let’s take a look.
- Get a $20 Staples Gift Card via easy rebate when you buy $300 in American Express Gift Cards. (Note: These gift cards are NOT PIN-enabled.)
- Deal valid from 08/27/17 through 09/02/17
- In-store only.
- Limit 1 rebate per name/address/household.
The deal can be found on the upcoming week’s ad on the Staples website.
Maximizing the Deal
This deal is usually best maximized by using a card that earns 5X at office supply stores like the Chase Ink Plus or Chase Ink Cash. You can also use an Amex SimplyCash Plus which earns 5% cashback at office supply stores.
Using the Chase Ink, the optimal strategy is to purchase 2 of the $200 cards which cost $206.95 each. Here is the math assuming a $20 Staples gift card is worth $20 (feel free to insert your own value):
- Cost: $413.90
- Minus Rebate: $20
- Final Cost: -$6.10
- UR Points Earned: 2,070
You could also purchase a $200 card and a $100 card, but the savings of $1 on fees doesn’t justify the loss of 500 Ultimate Rewards points on the extra $100 in spend.
While this deal won’t make your Ultimate Rewards balance swell too much, it is a way to pickup a chunk of points and a few dollars too. Unfortunately Amex gift cards aren’t the easiest to liquidate, so this won’t be for everyone.