February 3, 2013
Reports have been pouring in from readers saying that their local Office Depot stores have discontinued selling Visa and American Express cards that were loadable up to $500. Mommy Points reported the same, as did The Points Guy. This is a big deal because the sale of $500 bank gift cards at an Office Supply store was a big deal. By buying these cards with a credit card that offers bonus points at office supply stores, it was possible to buy these bank gift cards for a small 1% fee while earning points or cash back worth 5% or more.
Since I’m currently in Bangkok, I haven’t been able to fully research this situation. At the time of this writing, I still don’t know for sure whether all Office Depot stores have stopped selling these bank cards, but I suspect so.
The loss of this “5X everywhere” technique essentially kills two of the 5 options I wrote about in the post “Multiple paths to 5X everywhere.” Sadly, these were the two best options of the lot, in my opinion.
Neither Staples, nor OfficeMax ever carried these cards (to my knowledge), so I suspect that their inventory is the same as always.
Have you tried buying these cards at Office Depot in the past day or two? If so, what was your experience?
UPDATE: Pizza In Motion reports the possibility that $500 loadable cards will still be carried at Office Depot, but with higher fees. Read the details here.