I’m not sure when this happened, but Staples has introduced $200 Visa gift cards to be purchased online.
Let’s play around with some numbers. We’ll look at 5% back cards, specifically the AMEX Simply Cash and the Chase Ink line of cards for the 5x in Office Supplies. Also note that if you have the Chase Ink Visa you would receive an extra 1% cash back from the Savings Edge
Here is the quick breakdown of the return using 5% cash back and 2x for portals as well as the different variations for the cards for cash back play or points play:
As soon as you buy $100 and up gift cards, you will be making money if you do purely cashback. If you are like me and like manufacture spend for points, you could be buying the points for as low as $.0034/point.