Office Max Instant Rebate on Visa Gift Cards

Starting today and scheduled to end on Saturday, June 10th, 2017, Office Max and Office Depot will be offering a $10 instant rebate on Visa Gift Card purchases of $300 or more. That’s not as good as past promotions and will not completely eliminate the activation fees, but you can still come out ahead of using a card that earns a good category bonus.

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The Offer

  • $10 instant rebate on $300 or more in Visa Gift Cards

Key Details

  • One instant rebate per transaction
  • One transaction limit
  • Valid in-store only
  • Expires Saturday, June 10th, 2017

The Math

This deal is best maximized by paying with a card that earns 5x/5% at office supply stores (which remember includes the BBVA NBA card as the NBA Finals are on). To maximize rewards and minimize activation fees as a percentage of cost, you would want to buy two $200 Visa Gift cards. Alternatively, you could buy one $100 gift card and one $200 gift card (or any other combination to reach $300 in gift cards), but activation fees will cumulatively make up a higher percentage of your purchase price. In other words, your “cost” will be the same, so you might as well earn some more rewards at 5X/5%.

$413.90 (2x $200 Visa Gift Card + activation)
-$10.00
$403.90 + 2019.5 Ultimate Rewards OR $20.20 cash back

These Visa gift cards should be PIN-enabled, with the PIN being the last four digits of the card. For more information on these cards, see our Beginner’s Guide to Buying & Liquidating Visa and Mastercard Gift Cards.

The lower instant rebate (past instant rebates have been $15 or $20) is disappointing. However, I’m hopeful that this is a move to avoid pulling the promotion early. I’d rather see negative-cost gift cards, but this is better than paying the full fees and remains a useful sale for some. The official terms state that the limit is one rebate per customer, but YMMV on a cashier allowing more than one.

H/T: Doctor of Credit

About Nick Reyes

Nick Reyes is a (fairly) regular guy with an animalistic passion for maximizing the value of miles and money to travel the world in comfort and style. There is little in life that he loves more than finding a fantastic deal and helping you shop smarter & harder to achieve your travel dreams.

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Comments

  1. Valid in-store only, according to Doctor of Credit. Also worth noting that some Office Depots don’t allow gift card purchases using credit cards.

    • True about it being valid in-store only. That’s the case for all of the Visa/Mastercard rebates (instant or mail-in) at Office Max/Office Depot/Staples/Grocery stores these days. Updated to include that.

      Also true that I’ve read about some Office Depots not allowing gift card purchases using credit cards — but from what I’ve read, that seems pretty isolated at this point (mostly in high-fraud areas).

  2. FYI I was able to buy Style Everywhere cards with only the $4.95 fee and basically break even after buying MO at Wally World.

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