A couple of quick updates on my post about the possible restriction of Visa and MasterCard branded gift card sales at Staples:
Some Different Math on Gift Cards:
I’m not a fan of buying Visa and MasterCard gift cards from office supply stores. I used to be before the fees went up.
How does he do it? This only works with a card that earns flexible currency like Chase Ultimate Rewards. He suggests using some of the Ultimate Rewards points as a statement credit to offset the fee charged to buy the gift cards.
It’s a novel idea, and for folks who don’t have a lot of options to generate points it’s worth considering if you have free time. I’m currently in a situation where I would buy a 25th hour in every day if someone would let me, but the idea has merit.
General Update On Visa/MC Gift Card Purchases At Staples:
Pretty much everyone who commented on my earlier post stated they had no issues buying Visa/MC gift cards at Staples recently.
I was able to buy both Visa and M/C gift cards yesterday at my local Staples. I did ask one of the managers and they noted while there has been discussions about further limiting the amount of cards someone can purchase in one visit ($2,000 and above usually triggers additional paperwork), there has been no official communication from corporate.
This is oddly reminiscent of how Vanilla Reloads died at CVS.