Staples is giving a rebate on the purchase of MasterCard gift cards this week.
Here are the details of the rebate:
• Buy $300 or more of MasterCard gift cards between March 20 through March 26, 2016.
• Receive a $20 Staples gift card by mail after easy rebate.
• In store only.
• There is a limit of one rebate per customer (Staples rebates usually say one per household).
How Much Can You Earn?
$20 is more than the fees you would incur for purchasing $300 of MasterCard gift cards so you would be earning some extra profit on top of points for using a credit card. I actually prefer Staples gift cards over the prepaid Visa gift cards (like the one given last week). I usually sell Staples gift cards online and take the cash even if it is a bit less than the face value of the gift card.
How much points you earn depends on the credit card you use. The best cards to use those that earn 5% in office supply stores but you come ahead even if you use another credit card.
The amount of money you earn will depend on what gift card denominations you purchase. Staples stores sell MasterCard gift cards in $100 and $200 denominations with fees of $5.95 and $6.95 respectively. To minimize fees it would be best to buy the highest denomination gift cards you can find. Ideally, your local Staples store will carry $200 MasterCard gift cards (which is not always the case).
How Do Staples Rebates Work?
For anyone unfamiliar with the Staples Easy Rebates process here is how it works:
1. Buy at least $300 in MasterCard 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.
3. A few weeks later you will receive your $20 Staples gift card by mail.
The timing of this rebate could not be more perfect for me as I just received a new Ink Plus in the mail a few weeks ago. I plan to purchase 2 $200 MasterCard gift cards using my Ink Plus if I can find them. My Serve got shutdown in January but have opened a Serve in my mom’s name that I am currently using to MS until the next Amex shutdown. In the past MasterCard gift cards have given me some difficulty at Walmart registers when loading to Bluebird/Serve-they initially registered as a credit card so I had to hit the change payment button immediately when I saw it and then hit debit.