Purchasing gift cards can help you to earn additional points on purchases that otherwise wouldn’t qualify for an increased earning rate — just make sure you’ll be eligible for points before you purchase gift cards with your credit card.
For example, Ink Business Cash® Credit Cardholders can earn 5 points per dollar on Staples purchases. Staples, an office supply store, sells gift cards to places that aren’t normally covered by the card’s bonus categories, like restaurants.
Warning: Sometimes, purchasing a gift card may be flagged as a cash advance. This is an extremely expensive transaction that comes with fees and a higher APR. After purchasing a gift card, make sure it’s registered as a purchase and not a Chase cash advance. If it went through as a cash advance, you won’t receive any points and will most likely be charged interest.