Starting on Sunday 8/28/16 through 9/3/16, Staples is offering a $20 Staples Gift Card through Staples Easy Rebates when you purchase $300 or more in Amex gift cards (see weekly ad, page 8). The $20 rebate will already give you a small profit, but when combined with one of the Chase Ink cards [5X Ultimate Rewards] or Amex SimplyCash [5% cash back] the deal becomes much much better. I prefer Visa gift card deals, but this might still be useful to some.
The deal is valid in store only. You can only receive one rebate per household, so you might need the help of friends and relatives to use more than one address when you fill out the rebate forms online. The $20 Staples gift cards can only be used at Staples or you can sell them for 84% of their value if you prefer cash. Keep in mind that these gift cards work as credit cards so you won;t be able to unload them easily.
You’re limited to $2,000 in gift card purchases every day, including the fees.
How to Maximize Profits
The best way to maximize the offer, would be to purchase two $200 Amex gift cards for every transaction. The total cost will be $413.90 and you’ll already make a profit of $6.10 after the $20 rebate. But on top of that you will also receive 2,070 CHASE UR points if you’re using your Chase Ink cards.