Office Depot Mastercard Gift Card Deal
I love the no fee office store gift card sales, but I love the negative cost ones even more. Today is the last chance to take advantage of the current negative cost offer. Rack up those Ultimate Rewards points!
Update: This offer is available again this week, from September 24, through September 30, 2023 (HT: Travel-on-Points). There is also a Chase Offer that can get you 10% back, up to a maximum of $11.
The Offer
- Save $15 instantly when you buy $300 or more in Mastercard Gift Cards.
Key Terms
Here are the deal terms as seen on the in-store sign explaining the promotion:
- Limit one (1) offer per customer
- Discount applied at register
- While supplies last
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 a Mastercard Visa gift card with a $6.95 fee. Some stores have specialty cards which may work at a lower cost. We’ll base our math on the most expensive cards, but if you are comfortable and know they work for you then go for it.
Here is how the math works out on the purchase of 2 X $200 Mastercard gift card from Office Depot with this unadvertised promotion:
- Cost of card: $413.90
- Minus instant rebate: -$15
- Final cost: $398.90
- Profit: $1.10
How to Earn 5X/Maximize
It is best to pay with a card that earns 5X at office supply stores such as a Chase Ink Cash. For example, a Chase Ink Cash card would earn 1985 Ultimate Rewards points on the purchase. Deals like these can also be useful if you are working towards minimum spend on new card offers too.
Liquidating
Mastercard gift card deals are not as good as Visa deals since they’re a hassle to liquidate. For more detailed information on liquidating these cards, see: How To Liquidate Prepaid Visa & Mastercard Gift Cards
Conclusion
These deals are a great way rack up lots of points and keep a little bit of money in your pocket. Happy 5Xing.
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I think your posting meant to say “This offer is available again this week, from August 27 through September 2, 2023.”
My store in San Diego limits to 2 cards max a visit
Your comment of visa being easier to liquidate than MC is regional dependent. Where I live the MCs are accepted for liquidation much more readily than visa gcs.
But the visa is better for lower cost.
MCs are now $7.95 fee at my Office supply store whereas Visas can still be bought at $5.95.
FYI, might want to delete this intro sentence since you’re re-upping the post for new offers: “Today is the last chance to take advantage of the current negative cost offer.”
Is anyone else starting to see $200 Mastercard gift cards and $200 Visa gift cards with $7.95 activation fees?
Yeah I think they started rolling out last month with the security features etc. I wonder if they’ll increase the deal offers to offset it or not.
No longer profitable. Card fees up to $7.95. Was at OD yesterday and bought the last $6.95 fee MC that they had on the rack.
Depends if you find some of the old cards in your store or not.
Good information sharing thanks sir.
My pleasure Vijay