Friday, January 17th, 2014, 11:58 am
Ink Plus, Ink Bold, and Ink Cash are now issued as Visa cards which make them eligible for Visa Business SavingsEdge cash back. (Older Mastercard versions can get Mastercard Easy Savings cash back though Mastercards won’t get cash back at Staples).
DDF member myb821 points out that Staples is now on the list as giving 1% cash back on $200+ purchases when you use a Visa business card. Enrollment is required.
That’s on top of 5 points per dollar that the Ink cards earn on spending at office supply stores (as well as on telecom and cable spending).
You can also get an automatic $3 rebate thanks to Plink, though Plink now only gives 10 bonuses at Staples per 30 day period.
So when you buy a $200 Visa gift card at Staples for $206.95 you earn:
-1,035 Chase Ultimate Rewards points.
-$2.07 cash back From Visa
-$3 Plink rebate good for Amazon or Walmart gift cards.
That’s like getting 1,035 points for $1.88 after the Visa and Plink savings (0.18 cents per mile). Once you exhaust the Plink rebates you’ll be getting 1,035 points for $4.88 after the Visa savings (0.47 cents per mile.)
What do those numbers mean in practical terms?
-You can use 25,000 points transferred to Hyatt for a $1,500 villa in the Maldives. That’s $45 at .18 or $117.50 at .47. With Hyatt points and cash this category 6 redemption is also available for 12.5K points plus $150.
-You can use 30,000 points transferred to Korean for a round-trip to Hawaii on Alaska or Hawaiian. That’s $54 at .18 or $141 at .47.
-You can use 30,000 points transferred to Southwest for about $570 worth of paid flights. That’s $54 at .18 or $141 at .47.
-You can use 80,000 points transferred to United for a round-trip to Israel. That’s $144 at .18 or $376 at .47. (Effective 02/01 this goes up to 85,000 points)
-You can use 120,000 points transferred to United for a round-trip business class ticket to Israel. That’s $216 at .18 or $564 at .47. (Effective for tickets bought after 01/31 this goes up to 140,000 on United or 160,000 on partner airlines)
-You can use 160,000 points transferred to Korean for a round-trip in Kosmo Suites class to Asia. That’s $288 at .18 or $752 at .47. That’s a flight that would normally cost $20,000. Just be sure to enjoy the open bar with $200 bottles of scotch
The pin on the Visa gift card from Staples is the last 4 digits of the card number, no need to set anything.
You can load the Visa card onto Bluebird at a Walmart ATM or cashier though not all cashiers will do it. Or you can use it to buy a money order from stores that take debit cards for money orders. Lots more info in this post.
Don’t want a Visa card? You can get tons of other gift cards from Staples for other stores as well.
Store gift cards sold at Staples include Whole Foods, Nordstrom, Starbucks, TJMaxx, Gap Inc, Bed Bath & Beyond/BuyBuyBaby, Home Depot, Lowe’s, Shell, Amazon, iTunes, Google Play, and much more. Those cards have no fees. Buy $200 of them and get 5 points per dollar, the $3 Plink rebate, and the 1% Visa cash back!