Staples is waiving the $6.95 purchase fee on $200 Visa gift cards through 6/19 in-store only.
Use your Chase Ink Cash Card or Ink Plus card and get 5 points per dollar spent. Office supply stores never charge a fee for retailer gift cards, but these Visa gift cards can be used anywhere!
With Prime Day coming up next Monday and Tuesday, you can also stock up on Amazon gift cards (Amazon Fire and Amazon Kindle gift cards also work for anything on Amazon), while earning 5 Chase Ultimate Rewards points per dollar spent. When redeemed for a value of 1.5 or 2 cents each, that’s 7.5% or 10% back on your Amazon purchases!
Buying gift cards can help you meet the spend threshold to earn the highest ever 75,000 point signup bonus for Ink Cash on top of earning 5 points per dollar spent.
The IRS recently lost a case trying to tax a couple that bought millions of dollars in Visa gift cards, which they subsequently cashed out in order to earn 5% cash back. The court ruled that rebates for gift card purchases are not taxable.
The weekly ad states that there is a limit of 5 per customer per day, though the fee waiver should apply on up to 10 cards per transaction if your store isn’t a stickler for limits.
You can use the gift cards to buy money orders at select grocery stores and gas stations. Just use the last 4 digits of the card as the PIN number to cash them out.
Or you can donate the gift card to charity and get a receipt for the full face value while earning 5 points per dollar.
Or you can give away a gift card as a wedding or Bar Mitzvah gift.
Or you can always use it for everyday spending while earning 5% cash back or even better, 5 Chase Ultimate Rewards points per dollar everywhere!