Office Depot and OffixeMax have a new gift cards deal running until 8/24/19. The promotion is advertised in stores. You can get an instant discount of $15 when you purchase $300 or more in MasterCard gift cards.
These offers are a good opportunity to earn Ultimate Rewards points if you have any of their locations nearby. MasterCard gift cards have an activation fee, but during these promotions, they become more affordable. There’s a limit of 1 discounted offer per transaction, but in most locations you should be able to do multiple transactions.
- Offer valid 8/18 – 8/24/19
- Limit 1 discounted offer per transaction.
- Discount applied at register.
- Offer valid in-store only on Mastercard® Gift Cards.
- Product not available in Puerto Rico and the Virgin Islands.
- Mastercard® Gift Card is issued by U.S. Bank National Association, pursuant to a license from Mastercard® International.
Maximizing The Offer
Office Depot and OfficeMax sell $200 MasterCard gift cards that have an activation fee of $6.95. To get the $15 instant discount, you need to spend at least $300. To maximize credit card rewards, it’s best to purchase two $200 MasterCard gift cards, which will cost you $413.90. Take off $15 at the register and you’re paying just $398.90. You’re already $1.10 ahead, but let’s also look at the possible rewards and other deals you can stack.
If you have a Chase Ink Plus or Chase Ink Cash card, you would earn 1,995 Ultimate Rewards points. You can also use a Amex SimplyCash Plus Business Card which earns 5% cashback at office supply stores as well. That would give you $19.95 in cashback. However Chase Ink Plus/Cash would be my choices as UR points are more valuable than cash and Amex has been cracking down on gift card purchases.
This is the best deal we see from Office Depot and OfficeMax. The $15 discount wipes out the activation fee on two gift cards. Some people prefer Visa gift cards, as they’re often easier to liquidate. But it could be worth it if you have a location nearby. It’s a rare opportunity to earn more Ultimate Rewards as many 5X avenues have been drying up. Just make sure that the ad is running at your location.