Office Depot Visa Gift Card Deal
It’s been a couple of weeks since Office Depot blessed us with a negative cost gift card deal and they have now delivered! Let’s take a look!
- Save $10 instantly when you buy $100 or more in Visa Gift Cards
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
- Offer valid 7/05/20 – 7/11/20.
- 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!
You can purchase a $100 Visa gift card with a $5.95 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 1 X $100 Visa gift card from Office Depot with this unadvertised promotion:
- Cost of card: $105.95
- Minus instant rebate: -$10
- Final cost: $95.95
- Profit: $4.05
This should work on other combinations of cards/fees (scale up denominations to earn additional rewards), but with it working on single $100 cards it should be easy to make it profitable.
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 480 Ultimate Rewards points on the cheapest purchase. Deals like these can also be useful if you are working towards minimum spend on new card offers too.
Visa gift cards sold by OfficeMax/Office Depot are issued by Metabank and are pin-enabled. These cards should work fine to load Bluebird/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
Don’t forget Staples also has a no-fee Visa gift card deal this week. It’s always good to have spending opportunities! Happy 5Xing.
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