HUGE Amex Platinum 100K Bonus Returns - Check now to see if you are targeted.
Staples Visa Gift Card Rebate Deal
Staples has been quiet the past few weeks on the gift card rebate front, but thankfully a new Visa gift card rebate will be running next week. Let’s take a look!
- Get a $20 Visa prepaid card by rebate when you buy $300 or more in Visa gift cards.
- Deal valid from 01-22-2017 through 01-28-2017
- In-store only.
- Limit 1 rebate per household.
If you would like to see the full terms, the deal is advertised in next week’s ad (page 5).
Maximizing the Deal
This deal is best maximized by using a business credit 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.
Liquidate the Visa Rebate Card
The rebate will come in the form of a Visa gift card that IS pin-enabled. As I covered before, 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. Worst case you can utilize my previous liquidation strategy or simply use it for normal spend.
It is nice to see the return of a Visa gift card rebate after things died down after the holidays. While these aren’t the most scalable promotions, the points earned do add up fairly quickly over time. Happy 5Xing!
This post may contain referral, affiliate or sponsor links that provide Miles to Memories compensation. Thank you for your support.