Visa gift cards are a great way to meet minimum spend and load Bluebird cards (among many other uses). The biggest problem with them is the fee that comes with the card – a $5.95 – $6.95 fee on each card you purchase. The cards themselves come in many denomination amounts up to $200 (at office supply stores).
$20 Visa Card With Purchase of $300 Visa Cards
The reason it is important to buy these cards at office supply stores is that you can earn 5x Ultimate Reward points per dollar spent when you use your Chase Ink Bold or Chase Ink Plus card. So, for every $100 in purchases, you will earn 500 Ultimate Reward points.
Going on now through this coming Saturday (the 21st), Staples has an offer where you will receive a $20 Visa gift card for purchasing $300 (or more) in Visa gift cards. This purchase must take place in store and can be made up of a variety of denomination cards to reach the minimum of $300. In my case, the Staples I purchased from only had one $200 Visa gift card on the shelf (a growing problem at Staples) so I picked up one $200 and one $100 for a total of $312.90 (after the fees).
The receipt printed out with the rebate offer and receipt for the $20 gift card offer. I logged on to Staples Easy Rebate website and entered the rebate offer and receipt number and I was all set! The validation process is ongoing and I will receive the Visa gift card in a few weeks.
While it is great to get “free” money, this offer was not really about making money but about wiping out the fees paid for the gift cards. In this instance, I earned 1,564 Ultimate Reward points and will net $7 in profit from the extra gift card. Not bad!
This offer is not available on-line. Some people have mentioned that they cannot find $200 gift cards. It is okay to use the $100 gift cards but your profit margin will be less (only $3). You will still be able to essentially wipe out the fees through this offer.
If the offer does not print right away, ask the cashier about it. One of my offers did not print out right away and she had to wait a moment for it to come. It does run through the end of this week, so as long as you have a minimum of $300 in Visa prepaid cards, you will receive the offer.
HT: Dans Deals