[EXPIRED] $10 instant rebate on Mastercard Gift Cards at Office Depot / Office Max

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This week, Office Depot/Office Max is offering a $10 instant rebate on the purchase of $50 on select gift cards. Qualifying cards include American Eagle Outfitters, Groupon, Fandango, Catherine’s, or Mastercard. You can mix and match different denominations and types, but most readers will probably be interested in the Mastercard gift cards.

Staples_MasterCard_FrequentMiler.jpg

The Offer

  • $10 instant rebate on $50 worth of select gift cards
  • Qualifying gift cards include: American Eagle Outfitters, Groupon, Fandango, Catherine’s, or Mastercard

Key Details

  • Discount is automatic at the register
  • Limit of 2 rebates per household/business (cashier enforced)
  • Offer valid April 2nd through April 15, 2017

The Math

According to LaptopTravel, you can purchase a single $200 variable load Mastercard. Therefore the math will look like this:

$206.95 ($200 on variable load Mastercard + $6.95 activation fee)
   -20.00 (maximum rebates = 2 x $10)
$186.95

If you pay using a card that earns 5x like the Chase Ink Plus or Chase Ink Cash, you will earn 935 Ultimate Rewards points. Alternatively, an Amex Simply Cash Plus Business card would earn $9.35 cash back.

LaptopTravel also has another terrific write-up on stacking this offer for maximum return if your cashier will let you ring up a second transaction. Read about it here.

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.

More articles by Nick Reyes »

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Ryan Thompson
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Ryan Thompson

From Laptop Travel “Now, your $100 Mastercard, which cost you $76.94 can buy a $113.95 Mastercard. Your final cost is really $56.94 for a $113.05 Mastercard; two fees ($6.95 & $5.95) less $40 in rebates at the register and earning $9.01 in Ultimate Reward points (on the first card’s purchase).”

I’m not following that math at all. Your out of pocket cost should remain the same in the second step. What is changing is your $100 MCGC is now worth $113.05. He seems confused.

laptoptravel
Guest

So my math is as follows;

If you (at a later time, or another store) use your now $100 face value Mastercard which cost you only $76.94 (after rebate & credit card points value) go and purchase another Mastercard valued at $100 or more you will trigger the $20 rebate AGAIN.

Therefore, your NEW $100 Mastercard cost you only $56.94 (Your $76.94 first card, less a NEW $20 Register Rebate)

I have a few scenarios outlined on my post…

Glenn
Guest
Glenn

Also these mastercards aren’t usable immediately. You have to wait up to an hour in some cases. So the transactions he’s talking about would have to be done with mastercards from previous stores or something.

laptoptravel
Guest

Glenn;

You are correct….different stores; one after another

Rxdoc18
Guest
Rxdoc18

I can confirm that this worked for me within minutes of purchasing the first MC.

Deb
Guest
Deb

I don’t understand why the URs earned in scenario, 1 highlighted in green, is different than the URs earned in scenario 2, highlighted in yellow, when both are only using the chase cc for the purchase of the first mastercard? Can someone explain please?

katie
Guest
katie

@laptoptravel, for $100 MasterCard purchase, you only earn 430 UR points ($100 + $5.95 fee – $20 instance rebate = $85.95 x 5 UR).

laptoptravel
Guest

@Katie –
Correct, as reflected in the site’s update

Thank you!

ryan
Guest
ryan

Best is to buy single $100 Master card gift card right?

laptoptravel
Guest

We like buying the $200 card just for the additional ultimate reward points. Buy that abd you’ll get an additional 500 ultimate reward points for an additional cost of only $1 on the purchase fee.

ryan
Guest
ryan

Here’s how i figure it.
$105.95 – $20 = $85.95 = $14.05 profit + 5X card($85.95)= $18.35

$206.95 – $20= $186.95= $13.05 profit + 5x card($186.95)=$22.40

Buying 2 ($100) would net $36.70($18.35×2) vs 1 ($200)= $22.40.

Am I missing something? Would the $200 trigger $40 off since $10 off $50 Master card?

thanks

A
Guest
A

If you have no problem liquidating the mastercard, would it be more profitable to ignore step 2 and keep purchasing as many $200 gift cards as possible?

DavidG
Guest
DavidG

Word to the wise: Tried without success to use the US Bank Mastercards to purchase a Money Order at WalMart… the screen came up as a Credit Card and was unable to proceed.

ryan
Guest
ryan

You might want to try your local grocery stores.

Kyle
Guest
Kyle

Same thing last week for me, apparently you need to have the CS rep enter the amount after the swipe or you need to hit cancel immediately after swiping, otherwise it reads as credit and you get the little “no tender” printout. I didn’t bother though and just used it to pay my bills.

DavidG
Guest
DavidG

I can barely get my CSR to run a MO, much less deviate from routine. For me, the lack of a fast liquidation route meant forgoing the UR points on $200 cards and just forward-spend liquidating the $100 cards.

Dan
Guest
Dan

When they say limit 2, would there be any issue going to different stores and still using my ink cash? Or going to the same store and using a non-ink card? I’d like to load up as many as possible but don’t want to get flagged or anything.

laptoptravel
Guest

At our local OD the managers know us pretty well (we do commercial business with them all) and the manager at one told us yesterday “I am happy if you want to buy multiples…after all corporate knew when they did this that there would be a rush on the stores and I have to trust they have figured out the math. Whether you buy 10 or ten people buy 1 each they’re basically gone…or going. The people coming in just to buy one and leave add nothing my operation here; but you are a regular customer, so I have no problem.”

On a side note we are getting people checking in with us from all over the country with their experience datapoints. Some are being told ‘cash only’ which is 100% totally WRONG! Others are being told a limit of one transaction, some two.

And then….we have reports of as many as 15 separate transactions in a single visit.

For us, we have 4 stores in market; and have been able to do a maximum of 10 separate transactions in a single store visit w/ $200 variable load MCGC’s

That math looks like this:

10 X $ 186.95 = $1,869.50
Face Value of Cards: $2,000
Ultimate Rewards: 9,348 (Value of $158.92)
Net Cash Profit: $130.50

Net Profit (Points + Cash) = $289.42

15.48% Return on $1,869.50

We have some crazy strategies to leverage (and perhaps need to liquidate through MO’s on our blog’s second -advanced post)

http://laptoptravel.blogspot.com/2017/04/crazy-methods-to-stack-hack-latest.html

stacker
Guest
stacker

I disagree with your local OD manager about people coming in just to buy one add nothing his operation and here’s why. A business needs repeat customers.

For example, a store has a total of 20 to sell and can choose whether or not to enforce the limit of 2. If 1 customer buys all 20 then you will have 1 happy customer and 9 disappointed customers that will likely shop somewhere else in the future. If the store enforces the limit of 2, then 10 customers can buy them and you will have 10 possible repeat customers.

My store enforces the limit of 2 per day and I’m glad they do because many times I don’t have time to drive there right away. It keeps someone else from buying them all, leaving me with none.

Tim
Guest
Tim

I like the article but vehemently disagree with you buying the $200 card.

Buying the $100 gift cards is the MUCH MUCH better deal. As long as you spend the same amount of money, you’ll be earning the same amount of UR’s as you would by buying the $200 cards. And, you’ll be saving much, much more money by buying the $100 cards.

DavidG
Guest
DavidG

Deal is Dead (Virginia): Failed last night with cashier comment “Our system isn’t activating any cards right now”…followed by this morning (at a different store): Sign is removed, and store manager says “Deal was pulled by corporate last night.” Anyone still finding it active?

Barry
Guest
Barry

Looks like the deal is gone in Wisconsin too. The sign that advertised the deal was gone this morning, but was there yesterday.

Eli C
Guest
Eli C

DP: worked for me yesterday here in South Florida. Not working anymore as of ten minutes ago.

Gabriel
Guest
Gabriel

DP for Colorado: worked at one store at 815am, drove 15 min to the next store and did not work there. Said deal was killed. That sucks. I’m debating if I want to try another near work…but I’m currently handicapped (stupid broken ankles) and getting in/out of my car is a PITA

Ken
Guest
Ken

Deal appears to be dead. At 8:30 CDT I went to a OD in Texas and overheard the manager saying to staff the deal was being terminated early, and he promptly removed the poster from the display. I quickly grabbed 17_$100 mcgc’s and luckily paid for them individually through the cashier before the POS shut down. I drove 15 mins to another OD, and the deal was already dead at POS. Get this, I went to a third OD and, while the POS didn’t show the discount, the manager came over and helped me with 2 manual overrides on $200 mcgc purchases at $10 each – as I pointed to the poster!. Paid for all above with ink.
I’m feeling great. This deal, if u think about it (the stacking/ re-stacking/ wash and repeat multiple times) made it WILD if you had cooperative cashiers! The 2 weeks deal validity was also very new, as most are Sun-Sat only! RIP.

Thanks Laptop Travel/ FM / DOC and others…

Madison
Guest
Madison

Not sure I can liquidate MCGCs at Walmart as others are having issues and I’ve tried in the past. Besides real spend any other options? Wait for next MCGC promotion (if soon) and use for that offer and stack savings? Suggestions would be appreciated. Thx