Office Depot 100% back in rewards + 15X points

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Through July 14, Office Depot is offering a bunch of stuff for “100% back in rewards” for rewards program members:

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If you need any of these items, the best deal is to use your Ink Bold card and go through the Ultimate Rewards Mall to place your order.  The Ultimate Rewards Mall is currently offering 10 bonus points per dollar for Ink Bold customers.  When combined with the automatic 5 points per dollar the Ink Bold earns at office supply stores, this comes to a whopping 15 points per dollar!  Up to 6 weeks after your purchase, your Office Depot account will be credited with the price paid for the listed items.  That credit, then, can be used to buy other things.

100% rewards doesn’t equal FREE

100% rewards deals sound a lot like FAR (free after rebate) deals, but there’s a big difference.  With FAR deals, you get a check or Visa gift card back.  In other words, you get back real money.  With 100% rewards, you get the opportunity to get more stuff from Office Depot.  So, I think of 100% rewards as more like a 50% discount.  When you buy $50 worth of stuff, you can ultimately take home a total of $100 worth of stuff.  That’s a great deal if you need that stuff (or if you can resell it for a profit), but it’s a far cry from free.

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