You get a $15 Staples gift card when you buy $300 in MasterCard gift cards through July 18, 2015.
You’ll make money on the deal, but here’s who should and should not pass on the offer.
Spend $300 on MasterCard Gift Cards, Get $15 Back
1. Buy $300 in MasterCard gift cards at Staples stores through July 18, 2015
2. Submit the easy rebate form and you’ll get a $15 Staples gift card
The rebate is valid on in-store purchases only. As with other Staples gift card promotions, there’s a limit of 1 rebate per household.
Who Should Take Advantage of This Offer
Buying gift cards at Staples is an easy way to earn lots of Chase Ultimate Rewards points. And you can even make money.
When you use your Chase Ink Cash card you’ll earn 5X Chase Ultimate Rewards points on your purchase.
So if you buy 2 of the $200 MasterCard gift cards, you’ll earn about 2,070 Chase Ultimate Rewards points at a profit of $1.10.
Here’s how it works: $13.90 ($6.95 fee per $200 MasterCard card) – $15 Staples gift card = -$1.10.
Who Should Skip This Deal
Unlike the recent Visa gift card promotion, instead of earning a prepaid Visa card, you only earn a Staples gift card.
And you can’t use Staples gift cards to buy other Visa or MasterCard gift cards or other gift cards. You can only use a Staples gift card for purchases.
So if you use a Staples gift card on your office supply purchase, you’re losing out on earning 5X Chase Ultimate Rewards or 5% cash back if you used the Amex SimplyCash Business (learn more) card.
How to Salvage The Offer
If you aren’t buying other things at Staples, the $15 Staples gift card is useless to you. Unless you can trade or resell it.
Let’s assume you the worst case scenario: you sell your $15 Staples gift card for $7.
You’ve made $8.10 and 2,070 Chase Ultimate Rewards points. Because it cost you -$1.10 to earn the $15 gift card and you resold it for $7.
Get $15 Staples gift card when you buy $300 in MasterCard gift cards through July 18, 2015.
You can make money on this offer AND 2,070 Chase Ultimate Rewards points, but it isn’t for everyone.
Are you taking advantage of this deal?
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