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I can’t remember off-hand ever seeing $200 Visa gift cards online at Staples.com before, but they are there now! Thanks to a tweet I saw earlier this morning I saw that they are available (can’t find that exact tweet anymore to see who did it!). I have already purchased a few for myself with a rewards credit card that earns 5x on office supply stores. I also went through a shopping portal that was paying out 2x on Staples.com. That is a total of 7x points for a $200 gift card that costs an additional $6.95 in fees. That means I am purchasing these points at a cost of about 1/2 of a cent each – a price at which I am happy. If you have access to the Discover portal or use Upromise, you can get 5% back instead of the 2x points.
Once I have theses gift cards in hand (assuming the order actually ships and the site isn’t over-run with points hungry folks), I will likely use them either to pay some bills online or head to my favorite machine at Wally World.
This isn’t for everyone as you are absolutely paying a time and financial price for these miles, but it is a price at which I am happy, and I have many ways to spend the money on the gift cards so it is very low risk for me.