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Staples Mastercard Gift Card Deal
Staples has been a little quiet on the Visa/MC rebate front lately, but thankfully a new deal will begin this Sunday. Starting 10/4/15 through 10/10/15 they will be offering a $20 Staples gift card via rebate with the purchase of $300 or more in Mastercard gift cards.
- In store only.
- Limit of one rebate per household.
How to Maximize
This deal is best maximized by using a card that earns 5X at office supply stores like the Chase Ink cards. You can also use an Amex SimplyCash which earns 5% cashback at office supply stores.
Using the Chase Ink, the optimal strategy is to purchase 2 of the $200 cards. Here is the math:
- Cost: $413.90
- Minus Rebate: $20
- Final Cost: -$6.10
- UR Points Earned: 2,070
Liquidate the Rebate Gift Card
Since this rebate comes in the form of a Staples gift card it is less than ideal. You can of course use the gift card to purchase items at Staples or gift card resellers will buy it for up to 86% or $17.20. By going that route, you would end up with an overall gain of $3.30 plus the points of course.
The last time they ran this MC deal the rebate was only $15, so I am glad to see it return to its higher $20 value! Now if I can only find a store with a stock of cards. That has become increasingly difficult lately as these deals have become more popular.
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.