Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.Office Depot Visa Gift Card Rebate
Are you getting excited for the holidays yet? If not, then how about some negative cost 5X action for you? Office Depot has one of their famous unadvertised Visa gift card promos going on this week. Let’s take a look!The OfferSave $15 instantly when you buy $300 ore more in Visa Gift Cards.Key TermsLimit one (1) offer per household/business.Discount applied at register.Offer valid 11/17 – 11/23/2019Offer valid in store only
Generally the limit of one discount is hard-coded at Office Depot registers, however stores have been known to occasionally allow multiple transactions so it never hurts to ask.The Math
You can purchase $200 Visa gift cards with a $6.95 fee. Alternatively, they may also have “Everywhere” cards which are locked to specific merchant types at a lower cost.
Generally the best option is to purchase 2 of the $200 Visa gift cards. When doing so, the math works out like this:Cost of cards: $413.90Minus instant rebate: -$15Final cost: $398.90Profit: $1.10Did Someone Say 5X?
It is best to pay with a card that earns 5X at office supply stores. Here is an example:
Chase Ink Cash 5X – Earn 1,995 Ultimate Rewards points on the sample transaction above.Liquidating
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 CardsConclusion
This is one of the better recurring deals we see for Visa gift cards. The ability to buy these cards at a negative cost combined with 5X earnings potential is incredibly powerful in my opinion. Happy 5Xing!
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Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.
Since 2007 Shawn Coomer has been circling the globe with his family for pennies on the dollar. He uses that first-hand knowledge and experience to teach others how to achieve their travel dreams for the least amount of money possible.
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