Staples Visa Gift Card Rebate Deal
I really love when Staples has negative cost gift card deals. They aren’t as lucrative as promotions from other chains, but they seem to come with more regularity. While last year we saw a deal about every month, this year things have been slower. I’m glad to see this new deal pop up for next week.
- Receive a $20 prepaid Visa card via Easy Rebate with the purchase of $250 or more in Visa gift cards.
- Offer valid 3/13/16 – 3/19/16. (See ad on page 9)
- In store only most likely. (All past deals have been in-store only.)
- Limit of one rebate per household.
Maximizing the Deal
This deal is best maximized by using a card that earns 5X at office supply stores like the Chase Ink cards. You can also use an Amex SimplyCash which earns 5% cashback at office supply stores.
Using the Chase Ink, the optimal strategy is to purchase 2 of the $200 cards which cost $206.95 each. Here is the math:
- Cost: $413.90
- Minus Rebate: $20
- Final Cost: -$6.10
- UR Points Earned: 2,070
You could also purchase a $200 card and a $50 card, but the savings of $2 on fees doesn’t justify the loss of 750 Ultimate Rewards points on the extra $150 in spend.
Visa gift cards sold by Staples are issued by Metabank and are pin-enabled. For more info, see: How To Liquidate Prepaid Visa & Mastercard Gift Cards
Liquidate the Visa Rebate Card
The rebate will come in the form of a Visa gift card that IS pin-enabled. As I covered last month, I have successfully loaded a Staples rebate card to a Bluebird/Serve type card at Walmart. The PIN number is the last four digits of the card number.
These deals are nice if you have a Staples nearby, but stock tends to run out quickly, so I wouldn’t go far out of my way to get the cards. With that said, now that the rebate cards can easily be converted to cash, I am even more excited about these deals. Now, if I only could find a way to manufacture more households.