Staples Mastercard Gift Card Rebate Deal
Staples has another gift card deal coming up next week, but not as good as the one going on now. You can still get a rebate and generate 5X points as well. Let’s take a look!
- Get a $20 Staples gift card by mail with your Mastercard gift card purchase of $300 or more.
- Deal valid from 03-19-2017 through 03-25-2017
- 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 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:
- 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.
About the Mastercard Gift Cards
Mastercard gift cards sold by Staples are issued by U.S. Bank and the PIN is in the packaging. You can also reset the PIN by calling the number on the back. These can be used as PIN-enabled debit cards at various grocery stores, etc., but using them at Walmart can be tricky since the POS system recognizes them as credit. To get around that you need to quickly change the payment type on the POS screen, but newer versions of the system make it difficult. If you plan to use them at Walmart, YMMV.
Liquidate the Staples Gift Card
The rebate comes in the form of a Staples store gift card. This can be used to purchase merchandise (but not other gift cards) at Staples. It can also be sold to various gift card resellers for up to 85.5% of face value. ($17.10)
These deals are nice if you have a Staples nearby, but stock tends to run out quickly, so I wouldn’t go far out of my way to get the cards. 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.
This one is also inferior to the current deal since the rebate comes in the form of a Staples gift card instead of a Visa card that can be used anywhere.