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UPDATE: There is currently a glitch in the system where this deal is not working properly.
A few scenarios to take advantage:
- Purchase two $200 gift cards (comes with a $6.95 fee each) and a $100 gift card (comes with a $5.95 fee). This will allow you to take advantage of the two person maximum of the $15 off per $250 purchase. This will cost you $519.85 – $30 = $489.85. With this scenario you will earn $10.15 in free money and 2,449 in free Ultimate Reward points. The Ultimate Reward points are worth at least $30, but I’d value it closer to $50.
- If the $100 gift cards are not available, then you’ll need to purchase three $200 gift cards (costing $6.95 each). This will cost you $620.85 – $30 = $590.85. With this scenario you’ll earn $9.15 in free money.
While going through this effort for about $10 in free money might not be nearly worth it to many of you, it still is free money! But, the real kicker though is if you pay with a Chase Ink card you will earn 5x points on your purchase since Office Max is an office supply store. Scenario #1 will result in 2,449 free Ultimate Reward points worth at least $30, but I personally value it closer to $50. With scenario #2, the purchase will result in you earning 2,954 Ultimate Reward points. These UR points can be valued at a minimum of $40, but I’d personally value it closer 40 $60. While scenario #2 will earn you a dollar less in free money, the Ultimate Reward points earned provide to be more valuable.
You can then cash out the $500-$600 Visa gift cards via Amazon Payments. And since it is the beginning of the month, chances are you have not hit your $1,000 maximum yet!
You can learn more about the four different Chase Ink cards here.