$500 Visas Arrive at Officemax!!
Yesterday the news broke that Officemax has started carrying $500 variable load Visa gift cards with a $5.95 fee. @Konorth (Karen) first shared the news on Twitter and then it spread through the Chicago Seminars. I eventually heard it from Greg the Frequent Miler.
While I wasn’t personally able to go to an Officemax to confirm the deal, several people have been able to. Additionally I held one of these beauties in my hand yesterday as one other attendee who had made an Officemax run shared. Let’s break down what we know and the details.
$500 Visa Gift Cards
- Issued by Metabank.
- Pin is the last four digits of the card number.
- These cards should work to load Bluebird/Serve at Walmart.
- Maximum of $2K (4 cards) per transaction.
- Some stores may allow multiple transactions.
- Credit cards seem to work.
- The fee is supposed to be $5.95 but the cards are ringing up at $3.95.
$500 Mastercard Gift Cards
Update: Mastercard gift cards are now working correctly. More info here.
They are also now carrying $500 Mastercard gift cards issued by U.S. Bank, but as of yesterday these were not ringing up correctly. U.S. Bank Mastercards should have the pin number in the package and work fine at a Walmart kiosk, however you need to quickly hit “change payment type” when swiping at a Walmart register.
Obviously the best card to use with this deal is a Chase Ink card which earns 5X Ultimate Rewards. The Amex SimplyCash should also earn 5% back as well. With the Chase Ink, here is how the math works.
- $500 Visa Cost: $505.95
- Points earned at 5X: $2,530
- Cost per point: .0024
Less than a quarter of a cent per point? Wow! But it actually gets better. Currently the cards are only ringing up at $3.95, so here is the current math until they fix that discrepancy.
- $500 Visa Cost: $503.95
- Points earned at 5X: 2,520
- Cost per point: .0016
As you can see, this is almost a flashback to the old days of Vanilla Reloads at Office Depot.
This deal is incredibly good. So good in fact, that I am sad that I will be out of town until Tuesday. If you are interested in these cards, then I suggest heading out to your local store sooner rather than later. If you are in Vegas, please be kind and leave my local Officemax alone!!! 😉