Update, 9/27: Readers are now reporting that both Mastercard and Visa gift cards now have no fees this week!
Update, 9/26: Readers are reporting that the Staples ad had a printing error and in fact the Mastercard gift cards are the ones on sale with no fees.
Staples is waiving the $6.95 purchase fee on $200 Visa gift cards through 10/2 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 such as Amazon and hundreds more, but these Visa gift cards can be used anywhere!
Buying these 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!