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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.
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.