Free Points & Profit at Officemax & Office Depot
For awhile the Office Depot/Officemax Visa/MC gift card deal spigot had been shut off, but following their recent Visa gift card promo, the company is now running a very similar Mastercard gift card instant rebate deal. Let’s take a look!
- Save $15 instantly when you buy $300 or more in Mastercard gift cards.
- In-store only.
- Limit two offers per household/business.
- Discount is taken at the register.
- Valid 9/04/16-9/10/16
Unlike with Visa cards where there are different types, I believe Office Depot/Officemax only carry one type of Mastercard gift card. The max denomination you can purchase is $200 for a fee of $6.95.
With a limit of 2, the best option is to purchase 3 of the $200 Mastercard gift cards. The math works out like this:
- Cost of cards: $620.85
- Minus instant rebate: -$30
- Final cost: $590.85
- Profit: $9.15
It is best to pay with a card that earns 5X at office supply stores such as a Chase Ink. For example, a Chase Ink card would also earn 2,954 Ultimate Rewards points. Alternatively, an Amex SimplyCash Plus which earns 5% cashback at office supply stores would put an additional $29.54 in your pocket.
If you were targeted for the recent Amex Offer, this deal should stack with that as well. Try splitting your payment among several Amex cards with the offer to save even more!
There is a limit of 2 discounts per transaction and this is generally enforced. In the past sometimes the register has taken off more than two discounts if you purchase more cards, however those glitches are fixed quickly. It may also be possible to ask the cashier to ring you up in multiple transactions. Some stores are stricter than others. In other words, there is a limit, but it isn’t always enforced, but sometimes it is.
Mastercard gift cards sold by Officemax/Office Depot are issued by US Bank and are pin-enabled. These cards should work fine to load Bluebird/Serve at Walmart, but require you to quickly hit cancel and change the tender type. They also generally work for money orders if that is your thing. For more detailed information on liquidating these cards, see: How To Liquidate Prepaid Visa & Mastercard Gift Cards
This is yet another very good deal and considering the limited types of Mastercards (1 $200 SKU), I would expect the stock of cards to go quicker at some stores. Since this deal has already started, it is probably best to get to your local store sooner rather than later and don’t forget to stop at Staples for their Visa gift card deal. Happy 5Xing.