Update: DEAD! Don’t miss it if this becomes alive again. Sign up for deal notification alerts here!
There is just 1 day left to earn a bonus 1% cash back when using cards like Ink Plus or Ink Cash at Staples with Visa Savings Edge:
Until 12/31/14 you can still earn the 1% cash back on $200+ purchases on Staples. That’s on top of the 5 points per dollar you earn with office supply spending on the Ink cards.
Now is a really good time to stock up on gift cards from Staples to take advantage of the bonus 1% cash back. You can see this post for a list of the gift cards you can buy. You can lock in savings for eBay purchases, Shell, Groupon, Gap, Nordstrom, Southwest, Starbucks, Whole Foods, etc.
Or you can lock in savings on Visa gift cards. A $200 gift card costs $206.95 but the 1% cash back knocks down the cost to $204.88. With an Ink card you’ll earn 5 points per dollar, or 1,035 Ultimate Rewards points on each Visa card. At a cost of $4.88 that’s like buying points at 0.47 cents each. On the Ink Plus card you can earn 5 points on dollar on $50,000 in annual spending (250,000 potential points per card per year), on the Cash card it’s capped at $25,000 of annual spending (125,000 potential points per card per year). Even with the $4.88 fee, that amount of points far surpasses the cost of the gift card and the rewards that any other card provides for everyday purchases.
You can use those Visa gift cards wherever you would normally use your credit card.
Why should you buy points at 0.47 cents each?
-You can use 9,000 points transferred to BA for a free round-trip short-haul flight like NYC to Montreal or Miami to the Caribbean/Mexico. That costs you $42 at .47 cents per mile
-You can use 15,000 points transferred to BA for a free round-trip medium-haul flight like NYC/Philadelphia to Miami. That costs you $70.50 at .47 cents per mile
-You can use 25,000 points transferred to BA for a free round-trip flight like from the west coast to Hawaii or from Boston to Dublin. That costs you $117.50 at .47 cents per mile
-You can use 30,000 points transferred to Southwest for about $500 worth of paid flights. That costs you $141 at .47 cents per mile
-You can use 85,000 points transferred to United for a round-trip to Israel. That costs you $400 at .47 cents per mile.
Of course you’re not limited to using those Visa gift cards for purchases, you can also cash them out…
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43 Comments On "1 Day Left For Extra Savings At Staples With Visa Business Cards"
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I signed up for visa savings edge a few weeks ago. I purchased a few gc in staples but never see the discount.
why is staples cutting the cord?
@ben y u ask ?? #dansdealseffect
@David should show up on your chase statement. -2.11 statement credit per card
My feeling it will be continuing again for 2015
We all need to wait n see
Just FYI. New limit of $2000 when ordering gift cards… so you need to buy in bundles of 9 if you are doing it online.
I used the coupon code 73798 to get $15 in staples rewards and it seemed to work. it deducts .01 from the order and will hopefully credit my staples rewards account…
N:
Not worth it, They will cancel your order and ban you I.P. address from ordering… From experience.
If i were you i would cancel the order.
@Aa: I thought so too, until Visa SavingsEdge sent me an email specifically informing me of the expiration. I assume Dan got it too and that is what inspired this post.
@Aa:
“A Special Note from Visa SavingsEdge®
As the year comes to a close, don’t forget the Staples offer ends on December 31, 2014. Visa SavingsEdge has even more in store for you in 2015. So, check back regularly to see what’s new and download one of the convenient mobile apps to locate participating merchants near you:”
So who suggests betting the house and buying as many gift cards as possible before the end of the year. Is it worth sinking 30K?
Is there anyway to cash out all the gift cards other than Bluebird or Redcard? Any bank ATMS without fee. I want to do all my spending on cards for points.
@YANKEL: You can’t use gift cards to withdraw cash at an ATM
@Yankel – Money orders
@YANKEL: You can’t cash them out but you can buy money orders at Stop and Shop ($500 will cost $1) or Walmart ($1000 will cost $0.70)
Dan How long does it take for 1 percent
Does WM allow multiple VGCs ($200) to buy that $1000 money order?
How does this work?
Staples rebate card any suggestion how to use?
It’s only in store and no gc
How can it work for a kiosk order? Steps?
What else if no need f office products?
Thanks!
@Avi and @Mike
As far as I am aware, you can swipe only 4 times at walmart so you can only buy 799.30 (.70 MO fee).
@Mendy:
From my experience, purchase charge gets posted in about 5 days after placing the order. I believe that’s when giftcardmall ships out the package. Then visasavings 1% posts in about 3 days after that. So in about a week after you placing the order, you should see the 1% statement credit posts on your account.
Hey Dan I could really use an answer to this. You say according to the cfpb you can report full household income when applying for credit. The problem is that it says that’s if you’re 21 or over. I’m 18 and barely make my own income and am unsure how to go about applying for credit cards honestly. I’m also trying to help my friends in yeshiva get started with credit but I’m not sure what to tell my friends about reporting their income. So what is it, can you only report household income if you’re 21 so then there is no option for a younger bachor with no income to get credit, or can you still report household income at 18 and tell the bank it’s family income (and even use that to pass financial reviews)?
(PS: I personally already have several cards and good credit already but I’m not sure if I did the right thing about reporting my income and if i can continue to apply for credit cards honestly [for me and for my friends]).
If united rt is 400 add tax n close in fee total
500-600 it’s a great price but not free
Add af total 600-700 plus labor year round
Btw wm 4 swipes inc one swipe of bb plus 3
More 200 each so 600 total f the day
Anything I am missing?
@Eli:
I’d include household income and just explain that you’re part of the household.
@W:
LOL.
United tax to TLV is $40.
Close-in fees? Are you telling me you’ve never been to a DD seminar?
@Dan: I haven’t been to a DD seminar – coming to Boston any time? How do you get around United close-in fees? Is there a post?
@JoeCool: I’m trying to guess the same thing. Just did nearly $9K at Office Max so that was a nice Chanuka treat – especially since the promo lasted so long. I tend to think it is worth it to go crazy and buy tons of cards but that said, I haven’t done it yet. 2 days to decide?
Even if the charge doesn’t post till January ?
@Timmy:
Go to a store to be safe.
@avi:
united club card
Is there a limit of how many cards you can purchase in 1 day??
@Anonymous:
no. just 2k per transaction, or 9 $200 cards
Can someone (@Dan?) explain simple how to go about getting money orders at Walmart.
1) Can you do more than $1000 at a time?
2) What is the cheapest way to go?
3) Do you need to use a teller? If yes, this would create issues when you show up with so many GCs
4)DO you get the money order made out to your bank?
5)Is it a problem to swipe multiple GCs for one money order?
Thank you
How do I transfer Chase points to BA? I have over 100k.
I don’t see Staples selling any gas cards online anymore, including Shell.
Is 12/31 included, or it expires at midnight tonight (end of 12/30, beginning of 12/31)?
Stop & Shop won’t let me use the gift cards for money orders. Does any store?
Any thoughts on generating spend by buying the Paypal My Cash card at CVS?
@YGX: Check the physical stores. They have them.
Any indication on whether the 1% promo will be renewed?
did 10K in puchases on 12/30 but transactions didn’t go through til 1/4. haven’t got edge rebates yet….
@barry: looks like i’m out $100… called and its based on post date.. sucks
@Barry: Posted! Yes!
Is it still worth to buy 5k per month for the chase points ?
you can buy 24 cards per month @ 206.00 to load 5k on bluebird
that 24,720 points per month-
If I sell the points @ .015 — thats $375
I lose $6 per card to pay off Chase = $144
Net gain per load = $231
Not sure how that translates into points
Did I miss anything here?