Staples recently started selling $300 visa gift cards online and this is great news for folks who have the Chase Ink Business Credit Card as it earns 5X on office supplies for the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year. For a limited time Chase Ink Plus card is offering 60,000 sign-up bonus after spending $5000 in three months which is almost $800 in Travel rewards (annual fee $95 not waived) if you use the Ultimate Rewards shopping portal. However, you can further maximize the bonus by transferring UR points to other partners such as United, Southwest and many more.
So now I will show you how you can use a simple manufactured spending strategy to reach Europe for under $350.
For every $300 visa gift card you purchase from staples you will pay a fees of $8.95 earning 1545 Ultimate Rewards points. These Visa gift cards are pin-enabled and can be loaded onto any prepaid cards such as Bluebird, Serve or Target Redcard. You may use the prepaid cards to pay other bills such as mortgage, utility bills etc or turn around and pay back the Chase Ink card you used to purchase the gift card from Staples at first place.
Now, remember United Airlines is transfer partner of Ultimate Rewards for transfer ratio of 1:1. Let’s price out an award ticket from North America To Paris for sometime next year. For reference I am using Dulles Airport, Washington DC (IAD) but you can try other airports.
One-way flights from IAD to Paris are available for 57,500 United Miles or Ultimate Reward points. If you are signing up for the Chase Ink Business Card then the sign-up bonus of 60,000 points is enough to score one business class ticket to Paris from IAD on United Airlines, but who likes to travel alone!!! Lets see how we can use the Staples $300 Visa to our earn this business class ticket for cheap.
As each $300 visa gift card with $8.95 purchase fees will earn you 1545 UR points, you will need 38 gift cards to earn 58710 UR points while paying $340 in purchase fees. Now you can easily transfer the points to United and book the award tickets by just paying another $25 for award fees.
Would you like to see what is the retail price if you were to buy these tickets using straight cash? Hold your breath ladies and gentlemen!!!
WOW!! $7991 for a one way ticket to Paris from IAD.
Using the Chase Ink Business credit card and a little bit of manufactured spending by purchasing the $300 Visa gift card from Staples you can score business class tickets to Europe for under $350. You can get creative using UR points and transfer them to Singapore Airlines to fly the suite for pennies!!