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Update 7/5/20: This deal is back on at Office Depot/OfficeMax again this week, so it’ll expire on July 11, 2020. It sounds like it’s only valid on Visa gift cards this time though rather than Mastercard gift cards as well. h/t Miles to Memories
Staples isn’t the only office supply store with a good gift card deal this week because Office Depot/OfficeMax has joined the free with a deal that’s good on both Visa and Mastercard gift cards.
- Save $10 instantly when buying $100+ Visa or Mastercard gift cards at Office Depot/OfficeMax.
- Expires June 20, 2020.
- Limit 1 per household/business(?)
$10 off $100 or more of Visa or Mastercard gift cards means this can be instantly profitable seeing as you’ll meet that spend threshold when buying just one card.
To maximize rewards on a Chase Ink Plus or Ink Cash card though, you’ll do slightly better buying two $200 cards in the same transaction. That’s because you’ll earn ~2,000 Ultimate Rewards / $20 cashback with the two card option versus ~1,000 Ultimate Rewards / $10 cashback with the one card option. Needless to say, fees will be higher with the two card option, but that’s still a little better, particularly if you value Ultimate Rewards at greater than 1cpp.
Update: As per PH PH’s comment below, my initial analysis was incorrect. Buying a second card during this promotion is no more or less profitable than buying it any day of the week when there’s no promotion. Having said that, it’s still better rewards-wise to buy a $200 card rather than a $100 card.
If you were targeted for the Office Depot/OfficeMax Chase Offer but haven’t used it yet, that’s been extended once again and so can save you an extra $8 on this deal.