$5 off $200 Mastercard gift card @ Staples [Starts 8/5]

Starting Sunday, August 5th, Staples will be offering an instant discount of $5 off when you buy $200 in Mastercard gift cards. That should stack with a couple of Current Amex Offers at Staples (for either $5 back on $25+ or 10% back on up to $1K on some business cards). Even without those offers, this can be a good deal if you’re using a card that earns one of the Best Category Bonuses at Office Supply Stores to make for some very cheap points indeed.

The Deal

  • Instant discount of $5 off when you buy $200 in Mastercard gift cards at Staples (in-store only) from 8/5/18-8/11/18
  • Direct link (on page 10 of next week’s ad)

Key Terms

  • Valid 8/5/18 to 8/11/18
  • Valid in-store only
  • 1 per customer (YMMV as to whether or not your store allows more than 1 transaction)
  • Issued by US Bank National Association

Quick Thoughts

These cards are PIN-enabled, though Miles to Memories reports that some people have had trouble using them that way at Walmart. Still, they should work as debit elsewhere.

The activation fee is $6.95, meaning that you’ll pay $201.95 after the instant $5 discount. That’s a good deal since there are a couple of opportunities to pick up cheap points:

  1. Use an Amex business card with the offer synced for 10% back at Staples. Net cost per $200 card = $181.76. Nothing quite like printing money.
  2. Use an Amex card with the new $5 back on $25 Staples offer synced. Net cost per $200 card = $196.95. Still, free rewards are…free.
  3. Use a Chase Ink Cash or Chase Ink Plus (no longer available for new applicants). Pay $201.95 per card and earn 1,010  Ultimate Rewards.

Any of those options are pretty good. Obviously, coming out eighteen bucks ahead before considering rewards is a stellar deal. If you don’t have the Amex Offers, the Chase Ink Cash or Plus angle is still solid. Assuming your liquidation cost is $1 (it may well be less), that’s like paying less than 3/10 of a cent per Ultimate Reward point, which looks like a win to me.

Remember that this doesn’t begin until Sunday, so set a reminder on your phone. In some areas, I expect the $200 Mastercards may sell out early on, so you don’t want to forget to head to the store.

H/T: Miles to Memories

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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Teo
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Teo

I wonder if using Amex offers to buy VGC/MGC will get attention from the RATs. So far I have been buying third party gift cards with the 10% back

dan
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dan

Does it matter if buying vgc/mcgc or 3rd party? All Amex sees is a GC purchase

Brett W
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Brett W

Are there still concerns with fraud regarding the MC GCs?

Bill
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Bill

Worked on multiple MC cards….only $1.95 fee each after the $5 discount. Used Chase business card @ 5X for cost of less than 2 tenths of a cent per point doing MS….