(EXPIRED) $200 Mastercard GCs with a $1.95 fee at Staples next week

Sorry, this deal is no longer available. Do you want to be alerted about new deals as they’re published? Click here to subscribe to Frequent Miler's Instant Posts by email.

Starting Sunday, October 21st, Staples will be offering an instant discount of $5 off when you buy $200 in Mastercard gift cards. That should stack with the Current Amex Offer on some business cards for 10% back at Staples (assuming you haven’t already overdone it and gotten offers clawed back — go easy). 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 10/21/18-10/27/18
  • Direct link (on page 6 of next week’s ad)

Key Terms

  • Valid 10/21/18 to 10/27/18
  • 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 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 decent 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 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.

Either 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. It’s certainly as good as fee-free, but it beats paying full cost.

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

Please enter all required fields Click to hide
Correct invalid entries Click to hide
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

newest most voted
Inline Feedbacks
View all comments