Officemax is offering a $20 instant rebate with the purchase of $300 in Visa gift cards through 12/26/15. (This deal is not at Office Depot.) There is a limit of 2 per customer, meaning you should be able to purchase $600 in cards in one transaction and receive a $40 instant rebate.
Deals like this are popular because it is possible to earn 5% back or 5X points with cards such as the Amex SimplyCash and Chase Ink. Purchasing 3 x $200 cards for example would generate a $19.15 profit plus 2,904 points if you use a Chase Ink card to pay.
As you may know, variable load Visa gift cards are cash only at Officemax. Fortunately fixed value cards can still be purchased with a credit card. Most stores carry $200 fixed value Visa gift cards that work well with this promotion.
Visa gift cards sold by Officemax are issued by Metabank. For more info on setting the pin on these cards and liquidating them, see: Beginner’s guide to buying & liquidating Visa & Mastercard gift cards
HT: Doctor of Credit