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Economic Stimulus Rebate Checks

Stores Offering Bonuses For Spending Your Rebate Check

Some businesses are preparing for the arrival of rebate checks and are beginning to announce the predictable practice of offering bonuses for spending your rebate check on their goods. This week Sears and Kroger kicked off the emerging trend, and it would hardly be surprising if more retailers adopted the idea in the weeks leading up to rebate check deliveries.

If you bring your check to a Sears cash register, they'll convert it to a gift card and serve up an additional card worth 10 percent of your rebate check. They're working on a system that will allow those who received their rebate check by direct deposit to get in on the action. Kroger's idea is basically the same 10 percent bonus deal, except they're slinging groceries, not stainless steel appliances.

The motivation behind these practices is that you're essentially getting more for your money, but really it only makes sense if you would be spending your rebate money there anyway. And while I personally plan on banking my check, I could see why deals like these would be appealing, say for those with families buying large amounts of groceries.

Join The Conversation
aimeeb aimeeb 9 years
Pffttt I'll be saving mine. :)
angelfromlsu angelfromlsu 9 years
We plan to buy appliances for our brand new house. What if your rebate is directly deposited?
emalove emalove 9 years
No thanks, I definitely won't be doing this.
shanimalcracker shanimalcracker 9 years
This is really interesting; it definitely is a strategic move for the stores that will be doing this. I'm sure it'll attract a good amount of people (e.g. those that are willing to sign up for a store credit card for a discount), but I am pretty into the idea of saving it for a rainy day.
JaimeLeah526 JaimeLeah526 9 years
Paying off my credit card and putting the rest towards a well and septic for my new house.
kymmeisme kymmeisme 9 years
As someone who works in retail and is seeing a HUGE drop in sales: this is something I'm a little biased about. :p
mlen mlen 9 years
it is smart marketing really. i'm spending mine in mexico- kinda defeats the intended purpose but it helps me out!
Liss1 Liss1 9 years
I was going to use it to pay bills. But we are buying a house and closing in a few weeks so now it is going to buy a dishwasher, a countertop and paint. :) Yeah i can't wait.
imLissy imLissy 9 years
makes sense at a supermarket. most people go to the same one all the time. you can have your groceries paid off for a while. that's where most of my money goes besides rent anyway
bellaressa bellaressa 9 years
Seriously, the store wants the whole check. No thanks. I think paying off bills or savings is better for me. I would rather take a vac if I could.
Shopaholichunny Shopaholichunny 9 years
No thanks. I'm saving mine for the cruise I'm going on later this year! :WOOHOO:
RosaDilia RosaDilia 9 years
I'm happier paying off my VISA than shopping with my rebate check.
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