Staples Visa Gift Card Rebate Deal
Two weeks ago Staples held a Visa gift card rebate promotion, this week they are holding a Mastercard rebate promotion and next week they are bringing back a new Visa gift card deal. It’s raining 5X at Staples. Let’s take a look at the new deal which will begin on Sunday.
- Get a $20 Visa Prepaid Card by rebate when you buy $300 in Visa Gift Cards.
- Deal valid from 11-06-2016 through 11-12-2016
- 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 12).
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.
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 these deals come on a regular basis. Between these regular Staples deals and the occasional Officemax/Office Depot promotion, there really is a ton of opportunity when it comes to earning bonus points at office supply stores. Happy 5Xing!