Update #1: The Visa gift cards are all pouring into my house, my mailman must think I’m nuts 😀
1. I had no problem paying for Visa gift cards with Staples gift cards online. That means if you have a Chase Freedom card you can buy Staples gift cards from Lowe’s and earn 5 or 5.5 points per dollar and then buy Visa gift cards online. Of course if you have a Chase Ink Visa you can earn 5 points per dollar plus 1% cash back directly from Staples or Staples.com
2. Don’t order more than 10 Visa gift cards per order.
3. EvolveMoney makes these ridiculously easy to cash out online without any fees. Just be sure allow at least 10 minutes between paying the same bill for the same amount of money when using Evolve. Otherwise the funds on the gift card will be frozen for about a week.
Originally posted on 04/28:
Total with fees is $206.95 with free shipping. These have always been available in stores, but they can be hard to find at some stores. Now you can have them shipped right to your home for free.
-If you have the Visa Chase Ink Plus, Chase Ink Bold, or Chase Ink Cash then you can register for 1% cash back at visasavingsedge.com. You’ll get a $2.07 rebate on your statement, dropping the price to $204.88 per $200 card. The 1% cash back is valid without limits on all $200+ purchases from Staples stores or Staples.com.
Don’t have an Ink card? It’s one of the best mileage cards you can get. Learn more on how to get one and the benefits of having one in this post.
Only have an Ink Mastercard, not an Ink Visa? This is still a great deal, but you just won’t get the 1% cash back. If you apply for a new Ink card then it will be an Ink Visa by default and you’ll get the signup bonus for it as well.
-With an Ink card you’ll earn 5 points per dollar, or 1,035 Ultimate Rewards points on each Visa card. At a cost of $4.88 that’s like buying points at 0.47 cents each. On the Bold and Plus cards you can earn 5 points on dollar on $50,000 in annual spending (250,000 potential points per card per year), on the Cash card it’s capped at $25,000 of annual spending (125,000 potential points per card per year).
Cashing them out:
The pin on the Visa gift card is the last 4 digits of the card number, no need to set anything.
-You can cash out the Visa cards using EvolveMoney to pay bills like your mortgage, property tax, auto loan, insurance, store charge card (Gap, Macy’s, Target, etc). There is no fee for this.
-You can load Visa cards to your Bluebird card at a WalMart ATM machine.
-You can load Visa cards to your Bluebird card with a WalMart cashier or customer service. 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 with the Visa card at any store that accepts debit cards as payment (except the post office).
-You can pay your credit card bill at WalMart with BillPay at Customer Service.
-You can send the funds from the Visa card to a friend via Amazon Payments.
Or just use the cards for your everyday spending to earn 5 points per dollar everywhere!
Why should you buy points at .47 cents each?
-You can use 25,000 points transferred to Hyatt for a $1,500 villa in the Maldives. That costs you $117.50 at .47 cents per mile. With Hyatt points and cash this category 6 redemption is also available for 12.5K points plus $150. That’s enough for a stay at other incredible hotels like the Grand Hyatt Kauai and the Andaz Maui at Wailea.
-You can use 30,000 points transferred to Korean for a round-trip to Hawaii on Alaska or Hawaiian, for example nonstop from JFK to Honolulu. That costs you $141 at .47 cents per mile
-You can use 9,000 points transferred to BA for a free round-trip short-haul flight like NYC to Montreal or Miami to the Caribbean/Mexico. That costs you $42 at .47 cents per mile
-You can use 15,000 points transferred to BA for a free round-trip medium-haul flight like NYC/Philadelphia to Miami. That costs you $70.50 at .47 cents per mile
-You can use 25,000 points transferred to BA for a free round-trip flight like from the west coast to Hawaii or from Boston to Dublin. That costs you $117.50 at .47 cents per mile
-You can use 30,000 points transferred to Southwest for about $500 worth of paid flights. That costs you $141 at .47 cents per mile
-You can use 85,000 points transferred to United for a round-trip to Israel. That costs you $400 at .47 cents per mile
-You can use 160,000 points transferred to Korean for a round-trip in Kosmo Suites class to Asia. That costs you $752 at at .47 cents per mile. That’s a flight that would normally cost $20,000. Just be sure to enjoy the open bar with $200 bottles of scotch