Last night, I mentioned my love of free money. Starting today and ending Saturday, March 18th, Staples has some of that to give in the form of a $20 EZ Rebate on $300 in Visa gift cards. This is an easy way to rack up some rewards points and put a few bucks in your pocket on top. Free money and free points shouldn’t be ignored.
- Valid 3/12-3/18
- Limit 1 rebate per household
- In-store purchases only
- Rebate will come in the form of a $20 Visa gift card by mail
This deal is best maximized by paying with a card that earns 5x/5% at office supply stores, such as the Chase Ink Plus or Amex SimplyCash Plus. To maximize profit and rewards, 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 and decrease or eliminate your profit.
If you bought two of the $200 gift cards, you would spend $413.90 and receive a total of $420.00 in Visa gift cards (two $200 cards and the $20 rebate card). In other words:
$413.90 (cost) = $420 in Visa gift cards + 2,070 Chase Ultimate Rewards / $20.70 cash back
Put more simply: x = x + more. That’s my kinda math.
These Visa gift cards should be PIN-enabled, with the PIN being the last four digits of the card.