Staples is waiving the $6.95 purchase fee on $200 Visa gift cards through 8/14 in-store only.
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!
Buying these gift cards can help you meet the spend threshold to earn the highest ever 75,000 point signup bonus for Ink Cash on top of earning 5 points per dollar spent.
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.
The weekly ad states that there is a limit of 5 per customer per day, though the fee waiver should apply on up to 10 cards per transaction if your store isn’t a stickler for limits.
You can use the gift cards to buy money orders at select grocery 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 while earning 5 points per dollar.
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% cash back or even better, 5 Chase Ultimate Rewards points per dollar everywhere!
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13 Comments On "Get Fee-Waived $200 Visa Gift Cards From Staples, Earn 5x Points Everywhere!"
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@Dan
Can I withdraw the value of the gift cards from an ATM to pay off the credit card bill from buying them?
Or can I perhaps transfer the money to my bank?
Thanks
No and no.
Having a hard time finding them at Staples over the last few months.
@Dan
How do i cash them out? Is that using debit? isn’t there a fee?
Do I need a code for this or I can just get it in the store without giving any code?
Automatic.
Link to the weekly ad, so I can show that the limit is 5. Thanks
https://www.staplesconnect.com/weeklyad
Page 5.
Living in NYC, I’m still paying almost 10% for this “churn” correct?
Or is there no tax on a gift card?
Tia.
No tax on gift cards.
does anyone know which select grocery stores or gas station accept these cards for money orders?
How do i cash them out?
How do I get an Ink card if I don’t have a business?