Make Money and Earn Points from Staples!

 

Visa Gift Card

This is new.

 

There’s currently an opportunity to earn Ultimate Rewards points for free and make money, or alternatively just make a good amount of money and not earn points if that’s what you’re interested in. This is brought to you by our good friends at Staples. Here’s what you need:

  • An Ink Bold/Plus card from Chase.
  • A free Swagbucks account – (my referral link – thanks for any support you give me!)

This opportunity has arisen because Staples has made $200 Visa gift cards available for purchase on their website. These gift cards are PIN-enabled and can be liquidated relatively easily.

  1. Go to Swagbucks and click through to Staples, which is currently at 6x points (a temporary increase).
  2. Buy $200 Visa gift cards from Staples.com. There is a $6.95 fee. This will earn you 1,200+ Swagbucks and 1,000+ Ultimate Rewards points.
  3. Go to Walmart and load the $200 onto a Bluebird card, which you can then use to pay off your Ink card.

Here’s what this earns us:

  • 1,200 Swagbucks is equal to $12 in PayPal credit (note that it’s only available in denominations of $25, $50, and $100).
  • 1,000 Ultimate rewards points, valued at the worst-case scenario value of 1 cent per point, is worth $10.

If you’re going for the “make money” angle, the total of these is $22. Subtracting the $7 original fee gives us a profit of $15. If you’re going for the “earn points and make money” angle, then do $12 (Swagbucks) minus the $7 fee to make $5, plus you’ll earn 1K Ultimate Rewards points.

PayPal is essentially cash.

PayPal is essentially cash.

Note that you can redeem your Swagbucks for other gift cards (including Amazon) at better rates (roughly 1.1 cents per point instead of 1 cent). I would go for PayPal for its flexibility since it’s basically cash that can be transferred directly to your checking account.

Staples Swag

 

You’ll be able to sweeten the deal if you happen to have a Visa Ink Bold/Plus card. Chase previously gave MasterCard versions of these cards but are now providing Visa versions. If you do have a Visa version, I suggest you link your card up to the Visa Savings Edge program. It’s free and gives you cash back – in the example above it would give 1% or $2 back.

Note that the normal Swagbucks rate of 2x would earn only $4 back on the same gift card purchase. While you can still make money by using your Ink card, it wouldn’t be that great of a deal. This method is definitely not for everyone because of the added step of having to go to Walmart to load the Visa onto your Bluebird card, but it’s definitely worth it for others.

Gotta love Staples!

Comments

  1. Swagbucks referral link does not work

  2. According to some people you won’t earn swag bucks from staples gift card purchases. Also Staples gift cards have always been offered online, just not in lots of $200.

  3. @doctorofcredit this is not staples gift card, it is Visa gift card.

  4. your swagbucks link didnt work

  5. http://www.swagbucks.com/refer/hdawg87
    this link should work, thank you

  6. Since when has there been $200 Visa gift cards on Staples.com? Also, if the temporary Swagbucks increase ends, it’s a good option to get 5% cash back through Shop Discover or Upromise. This is an amazing deal.

    Also, I’m very concerned after hearing this rumor:
    http://travelsort.com/blog/will-chase-end-5x-for-ink-bold-and-ink-plus-cards

    • Travel Summary says:

      I’m not sure exactly when the $200 cards appeared online, but I was told about it just a couple of days ago.

      There are mixed reports of being able to go through Discover and Upromise. I believe Frequent Miler noted success earlier this year from Discover.

  7. Does the purchase show up in your SB account right away, or does it take awhile? I used your link and made an account, then purchased 2×200 cards, but I don’t see anything pending in my account. Am I SOL, or just being too impatient? Thanks.

  8. The Swagbucks reward for Staples purchases is only 2X

Trackbacks

  1. […] Chasing the Points and Travel Summary, $200 Visa gift cards are now available for purchase […]

  2. […] reading that Visa gift cards were being sold on Staples.com, I decided to break out my Chase Ink Plus and earn a few easy bonus […]

  3. […] Omar at Travel Summary points out, you can increase your profits further by shopping via Swabucks, which is currently […]

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