Staples Visa Gift Card Rebate Deal
Staples once again has a negative cost Visa gift card deal this week. After quite a few deals with only a $15 rebate, the company has made things a little sweeter this time. Let’s take a look!
- Get a $20 Visa prepaid card by mail with your Visa gift card purchase of $300 or more.
- Deal valid from 10-23-2016 through 10-29-2016
- In-store only.
- Limit 1 rebate per household.
If you would like to see the full terms, the deal is advertised in next week’s ad (page 5).
Maximizing the Deal
This deal is best maximized by using a card that earns 5X at office supply stores like the Chase Ink Plus or Chase Ink Cash. You can also use an Amex SimplyCash Plus 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 $100 card, but the savings of $1 on fees doesn’t justify the loss of 500 Ultimate Rewards points on the extra $100 in spend.
Liquidate the Visa Rebate Card
The rebate will come in the form of a Visa gift card that IS pin-enabled. As I covered before, 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. Note that lately a few readers have had issues trying to use this card’s PIN, so YMMV. Worst case you can utilize my previous liquidation strategy or simply use it for normal spend.
I’m glad to see Staples return to a $20 rebate which makes the deal slightly nicer I suppose. Given that this is a Visa gift card deal with a Visa gift card rebate, it is probably a bit more attractive than the Mastercard deals and thus probably worth a quick stop in if you have time next week. Happy 5Xing.