Update: Now there’s a limit of 1.
Starting on Sunday 3/24 till 3/30/2019 there’s a new Staples Mastercard Gift Card promotion. This one is different from previous offers. Instead of a rebate, they have removed the purchase fee on $200 Mastercard Gift cards. This is a good opportunity for free credit card rewards, especially when combined with one of the Chase Ink cards [5X Ultimate Rewards] or Amex SimplyCash [55 cashback] the deal becomes much better.
How to Maximize Profits
We have seen better deals from Staples, where the rebate gave you a profit. But this could be seen as a better deal since it doesn’t require to fill out any rebates and wait for a gift card in the mail and there’s no household limit. But, you’re limited to $2,000 in gift card purchases every day.
So for every $200 MasterCard gift card you buy, you can earn 1,000 Chase UR points if you’re using your Chase Ink Plus/Cash card. You could also try a Amex SimplyCash for 5% back, but there were reports that it wasn’t earning that rate at Office Depot on gift card purchases. Let me know if you test it out.
How To Liquidate Gift Cards
Mastercard Gift Cards are not as easy to use as Visa. You can still use them at WalMart to purchase money orders, but you need to quickly hit cancel on the keypad after swiping to switch to debit and it doesn’t always work. You can also use them for bill pay at Walmart and Kmart. Also check out smaller local stores near you that sell WU money orders. And if everything else fails, you can always use them for everyday spend everywhere Mastercard is accepted.
Staples and Office Depot are two of the few remaining options to earn 5x credit card rewards. This one is different and seems to be more scalable as there’s no household limit. I would suggest going to your nearest location on Sunday because stock runs out quickly.