Published on May 10th, 2015 | by Chuck9
Gift Card Churning at Staples This Week
The Staples gift card deals are coming out weekly now. Last week we had Sephora and Gap, this week it’s Nike…
Direct Link (ad page 11)
- Purchase a $100 Nike gift card from Staples or staples.com and receive a $20 Visa Prepaid rebate card using Staples Easy Rebates.
The Fine Print
- Valid 5/10/15 – 5/16/15
- In-store or online
- Limit 1 per household
Of course, this is great for Nike purchases, but it could also be good for reselling purposes since they can be resold for ~$85.
At first blush I thought this was too much time for too little effort since you aren’t getting $20 instantly off the purchase. While Staples Easy Rebates really are easy, it’s still a hassle and wait.
But after adding it up, I think this churn really could make sense since the deal can be done online. This limits the hassle of going to the store and it adds the possibility of getting cashback from the portal (though gift cards are officially excluded). Aside from the $5 profit and the 100 credit card points/500 INK points, there’s also the ~5% you can get back from the portal. Add it up and it’s really not bad.
The big limitation here: 1 per household. And since the rebate is mailed to you, the limit is real. (Yeah, yeah… some people find ways around it.) Oh… and these Staples Rebate cards can’t be loaded to REDbird.
HT: mistercheap on Fatwallet
There’s also a Lowe’s gift card deal at Staples this week.