Receive $15 Off $15+ At Safeway/VONs When You Purchase 2 x $100 Mastercard’s

The Offer

• Receive a coupon for $15 off your next purchase of $15 or more at Safeway when you purchase two $100 fixed value Mastercard gift cards

The Fine Print

• $100 Mastercards cost $5.95 each
• Mastercard gift cards are issued by U.S Bank
• Coupon will expire two weeks from the date of purchasing the two $100 gift cards
• It’s not possible to earn fuel points on gift card purchases
• Not all locations will accept credit card payment for gift card purchases
• If your coupon does not print automatically, then please request it here
• Not all stores will be participating, check your weekly ad
• Deal valid until June 2nd, 2015 (started on May 20th)

Our Verdict

Let’s see if this deal makes sense, we will assume that you’re earning 5% cash back on grocery store purchases in this example and also assume that $15 off $15 is good as cash (this will obviously vary depending on your specific circumstances).

• Purchase two $100 gift cards and pay $5.95 in activation fees per card (-$11.9)
• Put $211.9 purchase on 5% cash back card (+$10.595)
• Receive $15 off $15 coupon (+$15)

In total you’ll profit $13.695 per $200 in gift cards you need to unload. If we purchased a $500 gift card with $6.95 fee we’d make $7.22 per $200 in gift cards, this is basically an extra $5 profit per $200 in gift cards but you need to worry about unloading $100 gift cards rather than $500 gift cards and also using the $15 off $15 coupon. Really up to you if these deals are worth it or not.

Sometimes it’s possible to purchase the variable load cards or $200 gift cards and the coupon still prints (the best is when multiples print) but as far as I know nobody has tried this with this code as of yet.

Hat tip to brentkucera on slickdeals