The Offer
- Purchase any two variable load Visa or MasterCard gift cards and receive a coupon for $15 off your next purchase of $25 from Safeway
The Fine Print
- Valid from September 10th till October 7th, 2014
- Product/offer might not be available in all states or stores. Please check your weekly ad or instore signage to ensure this promo is running in your area/store
- Limit of one offer per transaction
- Limit of one offer per household [doesn’t look like this is being enforced]
- Visa is issued by MetaBank, MasterCard is issued by U.S Bank National Association
- Fees are $5.95 per card, loadable up to a maximum of $500
Our Verdict
How good this deal will depend on what credit cards you have available to you. Obviously you’ll want to use a card that earns at a high rate on grocery store purchases, the highest of these is 5% (one earns 6%, but when you take into account the annual fee and spending limit it’s actually lower). Let’s see how profitable this deal is when using a 5% cash back card:
- 2 x $500 gift cards + $5.95 in fees per card = $1,011.9 * 5% = $50.595
- $15 off $25 coupon
- Nets you a total of $65.595
- After $11.9 in fees you’ll profit $53.695
The coupon basically covers the gift card fees and gives you a little extra. Obviously you’d need to do regular shopping at Safeway to get the full value out of the coupon.
Hat tip to aegt123 from Flyertalk via Fishing4deals
