Instant $15 Discount on Mastercard Gift Cards at Office Depot & OfficeMax
Office Depot and OfficeMax have a new gift card deal this week. 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, you’re actually making a small profit and you earn the credit card rewards. There’s a limit of 1 per customer but you should be able to do multiple transactions depending on your location.
Also check for this Chase Offer that can save you an additional 10%, up to $11.
- Offer valid 5/15 – 5/21/22
- 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 an 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.
The $15 discount wipes out the activation fee on two gift cards and gives you a small profit. 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 and have an easy way to liquidate the gift cards. It’s a rare opportunity to earn more Ultimate Rewards as many 5X avenues have been drying up.