So, to test this out I purchased on $200 gift card and submitted the rebate online. The confirmation showed I would get $30 back as a Staples gift card. Now that is important because each gift card you purchase has an activation fee. $5.95 for $100 card and $6.95 for $200 cards.
So buy Five $200 for $1,000 plus $34.75 in activation fees = $1034.75 Then submit the Easy Rebates and get back $150
You profit is $150 – $34.75 = $115.25 That’s in Staples Gift Cards. Use them at staples, or Use them to buy FREE after rebate items such as computer software, tax software etc. If you buy Free After rebate items you will get a check or Visa card in the mail effectively turning the purchase back into cash.
Now you can do this with little out of your pocket. You can purchase one $100 or $200 gift card today, then go back tomorrow (card takes about an hour to activate) and purchase the second gift card with the first card. Rinse and repeat. You will need an extra $5.95 or $6.95 to cover the activation fee.
There should be no problem purchasing the gift car with a gift card, the VISA merchant terms of service state that the card can be used for any merchandise that a standard Visa card can be used for.
