Free Points & Profit at Officemax & Office Depot
Once upon a time a little company called Officemax used to run instant rebate promotions quite often on Visa and Mastercard gift cards. While these promotions were sometimes a pain because they required the store to scan a barcode found in a mysterious book (that they often couldn’t find), they were quite lucrative. Then a big bad giant called Office Depot bought them and the deals slowed down.
We have seen a few instant rebate deals on Visa/MC gift cards since the merger, but they haven’t been as plentiful. The good news is that a deal is coming up this weekend and that it is quite good. Oh, and the register now takes the discount off automatically so you don’t have to worry about that darn book.
- Save $15 instantly when you buy $300 or more in Visa gift cards.
- In-store only.
- Limit two offers per customer.
- Discount is taken at the register.
- Valid 8/21/16-8/27/16
Recently Office Depot introduced Dining Everywhere Visa gift cards in some stores. Those cards carry a $4.95 fee on up to $200, however they aren’t available nationwide and aren’t accepted everywhere. For that reason I will base my math on the old school $200 cards with a $6.95 fee, but you can of course adjust your costs as necessary.
With a limit of 2, the best option is to purchase 3X $200 Visa gift cards. The math works out like this:
- Cost of cards: $620.85
- Minus 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.
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.
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 if you still have one. 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 a very good deal and one where it might make sense to wake up early on Sunday. The cards often go very quickly when these deals come around and I don’t think this time will be any different. In other words, oil up your Chase Ink cards, gas up the car and prepare for some fun on Sunday morning.
HT: Frequent Miler