Update: Alive again!
Update: DEAD!
You can get $15 off $300 of Mastercard gift cards from Office Max or Office Depot stores from today through 2/19.
Use your Chase Ink Cash Card or Ink Plus card and get 5 points per dollar spent. Office supply stores never charge a fee for retailer gift cards such as Amazon and hundreds more, but these Visa gift cards can be used anywhere! Read about the current offer to earn 75,000 points on a new Ink Cash card here!
The IRS recently lost a case trying to tax a couple that bought millions of dollars in Visa gift cards, which they subsequently cashed out in order to earn 5% cash back. The court ruled that rebates for gift card purchases are not taxable.
Some stores may limit you to 1 transaction, but some stores won’t have any limits at all, which would allow you to scale the savings quite nicely.
If you buy 2 $200 Mastercard gift cards in store you’ll pay $398.90 including fees and you’ll earn 1,995 points (worth $30-$40) by charging it to an Ink Plus or Ink Cash card.
If you buy a $100 and a $200 Visa gift cards in store you’ll pay $297.90 including fees and you’ll earn 1,490 points by charging it to an Ink Plus or Ink Cash card.
You can use the gift cards to buy money orders at various stores and gas stations. Just use the last 4 digits of the card as the PIN number to cash them out.
Or you can donate the gift card to charity and get a receipt for the full face value.
Or you can give away a gift card as a wedding or Bar Mitzvah gift.
Or you can always use it for everyday spending while earning 5% or 5 Chase Ultimate Rewards points per dollar everywhere!
HT: DoC
NOT easy to cash these out anymore
Yes i tried alot of ways to cash out these gift cards and all the tricks dont work
Has anyone had luck recently, care to share some tips?
Donations still work
Money orders in Walmart?
What is a money order exactly?
I use them for
Donations, tuition, utility bills, clothing, groceries , insurance, shopping etc
You can buy now if you need to hit a spend signup bonus and then spend it over time.
Otherwise the only actual advantage (since they’re practically impossible to cash out) is that you get 5 points instead of 1 or 2 that you would’ve gotten if you used the same money for regular purchases.
You could also buy things for buying groups (buyformeretail is my favorite) if you need immediate cash in the bank.
In bergen County the acme grocery store allows you to purchase money orders, in other locations they don’t allow