Office Depot Visa Gift Card Deal
Office Depot and OfficeMax have a new gift card deal this week. You can get an instant discount of $15 when you purchase $300 or more in Visa gift cards. These offers are a good opportunity to earn Ultimate Rewards points if you have any of their locations nearby. The Chase Ink Business Cash will earn 5X points on these purchases.
Visa gift cards have an activation fee, but during these promotions, the discount wipes out these fees. There’s a limit of 1 per customer but you should be able to do multiple transactions depending on your location.
Update: Offer is back again during these dates:
- 01/21- 01/27, 2024.
12/24- 12/30, 2023.10/29 – 11/04, 2023.10/01 – 10/07, 2023.09/03 – 09/09, 2023.(HT: ToP)08/06 – 08/12, 2023.07/09 – 07/15, 2023.05/14 – 05/20, 2023.
Offer Terms
- Limit 1 discounted offer per transaction.
- Discount applied at register.
- Offer valid in-store only on Visa Gift Cards.
- Product not available in Puerto Rico and the Virgin Islands.
How to Maximize This Offer
Office Depot and OfficeMax sell $200 Visa gift cards that have an activation fee of $7.95. To get the $15 instant discount, you need to spend at least $300. To maximize credit card rewards, it’s best to purchase two $200 Visa gift cards, which will cost you $415.90. Take off $15 at the register and you’re paying just $400.90. So your out of pocket cost is just $0.90 for the credit card rewards.
If you have a Chase Ink Plus or Chase Ink Cash card, you would earn 1,995 Ultimate Rewards points. You can also use an Amex SimplyCash Plus Business Card which earns 5% cashback at office supply stores as well. That would give you $19.95 in cashback.
However Chase Ink Business Cash or Ink Plus would be my choices as Ultimate Rewards points are more valuable, and worth more than one cent each. Assuming an average valuation of 1.6 cents per point, you would be earning 8% cash back on these purchases.
And here’s another tip. It should also be possible to purchase three $200 Visa gift cards to get a $30 instant discount, or even $1,800 in gift cards (9 x $200) for a $90 discount.
Guru’s Wrap-Up
This Office Depot Visa gift card promotion is a good opportunity to earn Ultimate Rewards. Chase Ink Business Cash earns 5X on office supply purchases, up to $25,000 per year.
The $15 discount almost wipes out the activation fee on two gift cards. That means that you’re getting almost free credit card rewards.
You can try stacking this offer with cash back from Dosh or Rakuten, although gift card purchases are excluded in the terms. Also check your Chase cards for an additional 10% discount. These offers come and go, but they’re worth keeping in mind so you can can make this deal even more profitable.
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