How to turn an $1800 stimulus check into $1980.
It seems the retail giants are serious in their quest to get hold of your economic stimulus check. One of the biggest, Sears, is offering to multiply your check if you spend it there. And others are following suit.
A report in the UK Guardian today (why are they covering US rebates?) stated that Sears will add 10% to the rebate check if you turn it into a Sears Gift Card. That would turn $600 into $660, and $1800 into $1980. Now, that's not ideal for most, but if you were planning to spend it on appliances, furniture, or anything else that Sears stocks, you get a lot more bang for you buck. And you can also spend it at KMart (groceries anyone?) and Land's End.
Other stores have rebate check offers as well:
- Kroger, Albertsons and SuperValu are offering 10% bonuses (check your local store for info).
- Wal-Mart (boooo) will cash your rebate check for free, saving you $3. No purchase necessary.
- Staples has launched the Economic Stimulus Center.
- RadioShack is offering 10% deductions on purchases of $50 or more.
Don't take this as my advice to spend your check. By all means, save it or pay down some debt. But, if you were dead set on spending it anyway, this may help you stretch that dollar a little more.