Update: Alive again through 11/25!
You can get $15 off $300, $30 off $600, etc. Last time commenter Master Card was able to purchase $3,000 of cards in one transaction and automatically received $150 in instant credits, which made the cards cost below face value.
And that’s besides for earning cash back with Chase Offers for Office Depot and 5 points per dollar with Chase Ink Cash, which is now offering a record high 90K signup bonus!
You can get $15 off $300 of Mastercard gift cards from Office Max or Office Depot stores from today through 9/30.
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 such as Amazon and hundreds more, but these Visa gift cards can be used anywhere!
Check your Chase Offers to save another 10% off, up to $11 back, at Office Max or Office Depot.
The IRS 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.
Some stores may limit you to 1 transaction, but some stores won’t have any limits at all, which would allow you to scale the savings quite nicely.
Note that these now have either a $6.95 or $7.95 fee, which will be printed on the card.
If you buy 2 $200 Mastercard gift cards in store with a $6.95 fee, you’ll pay $398.90 including fees and you’ll earn 1,995 points (worth $30-$40) by charging it to an Ink Plus or Ink Cash card.
If you buy a $100 and a $200 Visa gift cards in store you’ll pay $297.90 including fees and you’ll earn 1,490 points by charging it to an Ink Plus or Ink Cash card.
You may be able to use the gift cards to buy money orders at various stores and gas stations. Just use the last 4 digits of the card as the PIN number to cash them out. Beware that most stores no longer accept these for money orders.
Or you can donate the gift card to charity and get a receipt for the full face value.
Or you can give away a gift card as a wedding or Bar Mitzvah gift.
Or you can always use it for everyday spending anywhere while earning 5% cash back or even better, 5 Chase Ultimate Rewards points per dollar everywhere!