Instant Visa Gift Card Discount at Office Depot Next Week!

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visa gift card deal office depot

Office Depot Visa Gift Card Deal

Office Depot/Officemax has a new promotion on Visa gift cards. It’s been a while since their last deal, so this is a welcomed sight. Let’s take a look at the details.

The Offer

  • Buy $300 or more in select Visa Gift Cards, save $10 instantly.

Key Terms

  • Limit one (1) offer per customer.
  • Discount applied at register.
  • Offer valid 7/29/18 through 8/4/18
  • Offer valid in store on Visa® gift cards only.

While the limit of 1 is probably hard-coded into the register, some stores will allow you to do multiple transactions. This varies from store to store and even sometimes from cashier to cashier!

The Math

You can purchase $200 Visa gift cards with a $6.95 fee.

Generally the best option is to purchase 2 of the $200 Visa gift cards. When doing so, the math works out like this:

  • Cost of cards: $413.90
  • Minus instant rebate: -$10
  • Final cost: $403.90
  • Profit: $-3.90

Maximize

It is best to pay with a card that earns 5X at office supply stores such as a Chase Ink Cash/Plus. For example, a Chase Ink card would earn 1,995 Ultimate Rewards pointsAlternatively, an Amex SimplyCash Plus which earns 5% cashback at office supply stores would earn you $19.95 cashback. But might be best to steer clear of gift card purchases with Amex cards.

Liquidating

Normal Visa gift cards sold by Officemax/Office Depot are issued by Metabank and are pin-enabled. These cards should work fine to load Serve at Walmart and work many other places. For more detailed information on liquidating these cards, see: How To Liquidate Prepaid Visa & Mastercard Gift Cards

Conclusion

This new deal is not as good as previous ones where they gave out $15 discounts. But it is still a good way to buy very cheap Chase Ultimate Rewards, or make a profit.

HT: Doctor of Credit


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9 COMMENTS

  1. Or: Just buy Simon Mall Gift card for $500, pay $3.95 for the card and $0.49 shipping and have the card come right to your mailbox.

    Back when we could buy all the $200 gift cards you could get for no fee, that turned out to have me living at WM’s to flush the hundred’s of cards I got.

  2. Is there some reason not to buy a (variable) Visa card for $500? Isn’t the fee for that $6.95, and then you wouldn’t lose money on the transaction?

  3. Is this a good strategy for hitting minimum spend on the Ink Cash card? Does it still code as 5% or 5X points for Visa gift card purchases?

  4. What am I missing in your math? I bought 2 variable, each for $200. Fee was $6.95 per card. After $10 rebate, I had to PAY $3.90…there was no profit. Still a deal for 2000 miles with the old ink but I don’t see a profit here.

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