I just heard this on CNBC for those receiving a tax rebate/stimulus check. Thought it was an interesting concept and decided to post it here for the FW community. I wasn't quite sure where to post, but given the value of the bonus figured Hot Deals was a good place to start...
Details:
When customers bring their stimulus checks to a Sears or Kmart cash register, they can convert the amount of the check into gift cards, plus receive a bonus gift card worth an additional 10 percent. To be eligible, the amount of gift cards purchased must be equal to the full value of the stimulus check. The gift cards can be redeemed at any Sears, Kmart or Lands' End retail stores or online at Sears.com or LandsEnd.com. The promotion is scheduled to last from May 14 to July 19, 2008.
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And to make it hotter, certain states have laws that state that you have the right to redeem gift certificates for cash face value at any time. Unfortunately FL isn't one of those, but hot for those in CA and other states.
that's a good option for the retailers...they'll hope some people lose or forget to spend the card (just like any gift card). so make sure to keep track of it!
I wish the mods would be consistent in their thread moving.
I read the rules regarding where to post and the only rule that seems to dictate that this post should be in deal discussion is that it is a "future deal". I always see future deals, including posts that aren't really deals, posted to Hot Deals (which gets the most attention) and then they are left in Hot Deals.
For instance, example thread, and not to take anything away from the OP, but the aforementioned is a 'future deal' and worth far less in monetary value.
And what about the posts on publication of future weekly ads in Hot Deals [sarcasm] that's real hot [/sarcasm]?
This is a post that can save someone $120 on a big purchase and it got moved in less than five minutes...
Our tax rate for purchases made at local stores is 9.25% so getting "10% free" does not buy us much - not when compared to buying online with no sales tax. But a good deal for those that don't live in high tax land or don't like to buy online.
The smart money is on direct deposit, since you get your money about a month quicker. I too wonder what happens to all those folks who do not get a check?
SalemCat said:This is a Good Deal for me if I was getting $300. But I'm getting $600 (I hope!), and that may be a little much for me to dedicate to Sears. I agree, salem. To have ~$1320 dedicated to Sears is risky, IMO. I'm still trying to get them to refund ~$2k for a botched refrigerator delivery, since returned. Their national customer service personnel are generally good, though. And, their local CSRs and sales reps are generally not helpful.
just brilliant --- get 10s of thousands of people to turn their $1200+ rebate checks into a gift cards and then just wait for a good percentage of them to loose the cards before they spend the money
at 10% --- they aren't doing their customers favors --- of course if you already have that big ticket item in mind --- step right up
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stimulus is a joke.. i wish everyone who got this check saves it instead of spending again!!
