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Staples Visa Gift Card Rebate Deal
Staples once again has a negative cost Visa gift card deal this week. The rebate is lower than we have seen in the past, however it is still slightly profitable and can generate 5X points as well. Let’s take a look!
- Get a $15 Visa prepaid card by mail with your Visa gift card purchase of $300 or more.
- Deal valid from 09-04-2016 through 09-10-2016
- 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 15).
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: $15
- Final Cost: -$1.10
- 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.
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, especially if you still have an Office Depot hangover. Either way, it is a way to pickup some points for free which is never a bad thing.
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