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Staples Visa/Mastercard Gift Card Deal
While Staples has held several deals on Visa gift cards lately, we haven’t seen a Mastercard deal since April. Starting on Sunday 7/12/15 they will be offering a $15 Staples gift card via rebate with the purchase of $300 or more in Mastercard gift cards. This is $5 less than previous rebates, but still ends up being a negative cost.
- In store only.
- Good from Sunday 7/12/15 through Saturday 7/18/15.
- 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. Using the Chase Ink, the optimal strategy is to purchase 2 of the $200 cards. Here is the math:
- Cost: $413.90
- Minus Rebate: $15
- Final Cost: -$1.10
- 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 $12.90. By going that route, you would end up with an overall loss of $1. Another way to look at it is purchasing 2,070 Ultimate Rewards for $1.
I am glad that Staples continues to have these deals with regularity, although I hope this new lower $15 rebate amount doesn’t become the new norm. Hopefully after this deal is over, Staples will go back to discounting Visas since they are easier to liquidate and I much prefer prepaid Visa rebates as opposed to Staples gift cards.
HT: Doctor of Credit
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