Both Staples and Bed Bath & Beyond are offering rebates on the purchase of Visa gift cards this week.

Here are the details of the rebates offered this week:

Staples is offering a rebate on in-store purchases of Visa gift cards from October 25 through October 31.  If you buy $300 or more of Visa gift cards at Staples stores you will receive a $20 Visa prepaid card after easy rebate. There is a limit of 1 rebate per household.

The best cards to use are those that earn 5% in office supply stores.  To minimize fees it would be best to buy the highest denomination Visa gift cards you can find (two $200 Visa gift cards assuming your local Staples sells them).

For anyone unfamiliar with the Staples Easy Rebates process here is how it works:

1. Buy at least $300 in Visa gift cards using your credit card at a Staples store. The cashier will hand you a rebate form with your receipt.
2. Complete and submit your rebate form. I like to do mine online at stapleseasyrebates.com and it only takes a minute or two.  There is only 1 rebate per household so you could use your work address or the address of a friend or family member to qualify for additional rebates.
3. A few weeks later you will receive your $20 Visa prepaid card by mail.

Bed Bath & Beyond

Per Doctor of Credit, Bed Bath & Beyond is offering a mail-in rebate for the purchase of a $200 Visa gift card from October 25, 2015 through October 31, 2015. The rebate is in the form of a $15 Visa prepaid card and there is a limit of 1 rebate per household.  Here is a link to the rebate form.

Visa gift cards are only sold in-store.  Last time I checked, my local Bed Bath & Beyond store had $200 Mastercard gift cards and not $200 Visa gift cards so hopefully they will have some this week.

These rebates are a good opportunity to purchase some Visa gift cards without paying a fee.  Both rebates are more than the fees you would incur for purchasing Visa gift cards so you would be earning some extra profit in addition to points earned by using a credit card. The Bed Bath & Beyond rebate is a bit more of a hassle than the Staples rebate because it needs to be mailed in and cannot be done online.

I need to spend about $1,000 more to earn the sign up bonuses from my last round of credit card applications so these rebates should help minimize my fees. I live close to both a Staples and Bed Bath so will be stopping by both stores this week to pick up some gift cards.