Office Depot Mastercard Gift Card Deal
Office Depot/OfficeMax has a new promotion on Mastercard gift cards. This is a profitable deal that allows you to make money and rack up Ultimate Rewards points. It wasn’t printed in the weekly ad, but you should see it advertised in stores. Let’s look at the details.
- Buy $300 or more in select Mastercards, save $15 instantly.
- Limit one (1) offer per customer.
- Discount applied at register.
- Offer valid 12/8/19 through 12/14/19
- Offer valid in store on Mastercard 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!
You can purchase $200 Mastercard gift cards with a $6.95 fee.
Generally the best option is to purchase 2 of the $200 Mastercard gift cards. When doing so, the math works out like this:
- Cost of cards: $413.90
- Minus instant rebate: -$15
- Final cost: $398.90
- Profit: $1.10
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 points. Alternatively, an American Express 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.
Mastercard gift cards come with more issues than Visa gift cards and are harder to liquidate. Make sure you have a use for them before purchasing. For more detailed information on liquidating these cards, see: How To Liquidate Prepaid Visa & Mastercard Gift Cards
Mastercard gift cards are tricky but if you know how to handle them this is still a good way to earn Chase Ultimate Rewards and make a small profit. Go early in the week as $200 denominations usually start running out later on, depending on your location.
Hat Tip – DoC