Monday, August 3rd, 2015, 6:24 pm
If you buy $300+ in Mastercard gift cards from Office Max by 08/08 you’ll get $15 back instantly. If you buy $600+ you’ll get $30 back instantly. Valid in-store only.
In my local store there was no information about the sale in the circular or anywhere else, but to the cashier’s surprise, at checkout it took $15 off $300.
I had the cashier try it on a Visa gift card, but it didn’t work.
Some stores will set limits to these offers, while others will let you make multiple transactions to save $15 on each transaction.
If you buy 3 $200 Mastercard gift cards in store you’ll pay $20.85 in card fees and get back $30 instantly. A $200 gift card and a $100 gift card would have $12.90 in fees and get back $15 instantly.
But the real reason to bother with these if that when you use your Chase Ink Plus or Chase Ink Cash card you get 5 points per dollar spent.
Even without the instant rebate, the argument can be made to buy gift cards for your everyday spending.
Say you spend $2,000 on everyday items. On a typical card earning points or cash back worth 2% you would save $40.
If you bought $2,000 in gift cards for $2,069.50 you’ll earn 10,348 points that are worth $181.09 at a 1.75 cents per point value. After backing out the $69.50 it cost to buy those gift cards you’ll still left with a $111.59 profit, or about triple the rewards you would earn from other cards. It’s an effective rebate of 5.58% everywhere you shop.
Even if you only value the points at 1.6 cents each that would value the 10,348 points at $165.57, leaving a profit of $96.07 or an effective rebate of 4.8% everywhere.
Want to just cash out the gift card instead of using it for everyday purchases?
You can call the number on the back of the Mastercard to set up a PIN.
-You can load up to $5,000 per month onto a Target AMEX REDCard for free. You can load up to $1,000 of gift cards per transaction with no limit on the number of gift cards used for a split tender.
-You can load cards to your Bluebird or Serve card at a WalMart ATM machine for no fee, though with a Mastercard you’ll be limited to under $50 per load at Walmart.
-You can load gift cards to your Bluebird or Serve card with a WalMart cashier or customer service for no fee, though with a Mastercard you’ll be limited to under $50 per load at Walmart. Just say you want to use your debit card, no need to mention that it’s a gift card.
-You can buy a money order at stores that accepts debit cards as payment for money orders.
-You can pay your credit card bill at WalMart with BillPay at Customer Service.
-You can gift a gift card as a wedding gift instead of giving a check.