Staples Visa Gift Card Rebate Deal
Yes Staples negative cost gift card deals are among my favorite. They aren’t as lucrative as promotions from other chains, but they have been semi-regular occurrences for the past several years. I don’t know about you, but I like my 5X promotions to be reliable and Staples deals certainly are. Let’s take a look at their latest offering.
- Get a $20 Visa prepaid card by mail with your Visa gift card purchase of $300 or more.
- Offer valid 5/22/16 – 5/28/16. (See ad on page 4)
- In store only most likely. (All past deals have been in-store only.)
- Limit of one rebate per household.
Maximizing the Deal
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 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 505 Ultimate Rewards points on the extra $101 in spend.
Liquidate the Visa Rebate Card
The rebate will come in the form of a Visa gift card that IS pin-enabled. As I covered last month, I have successfully loaded a Staples rebate card to a Bluebird/Serve type card at Walmart. The PIN number is the last four digits of the card number. Note that lately a few readers have had issues trying to use this card’s PIN, so YMMV.
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.