Sunday, August 23rd, 2015, 4:18 pm
If you buy $300+ in Visa gift cards from Office Max by 08/29 you’ll get $15 back instantly. If you buy $600+ you’ll get $30 back instantly. Valid in-store only.
Some stores will set limits to these offers, while others will let you make multiple transactions to save $15 or $30 on each transaction. In the same store itself some cashiers may allow multiple purchases while others may not.
If you buy 3 $200 Visa 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?
The pin on the Visa gift card is the last 4 digits of the card number, no need to set anything.
-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.
-You can load Visa cards to your Bluebird or Serve card with a WalMart cashier or customer service for no fee. 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.