If I had a Kroger, I probably would be inclined to change my rebate to a gift card so that I wouldn't have to worry about paying for the groceries for the next 3 months or so, of course my rebate won't come in check form and most retailers don't seem to be addressing that situation. In this day and age, don't a lot of people opt for direct deposit?
Veronica
of NY
@
Apr 30, 2008 14:49:09 PM
Great point Austin! There is no point in converting them just to let the money go to waste. One idea would be to spend the money immediately in the store -- which is also probably what the retailers are hoping you will do.
I'm going to go check out your blog, thanks for the link!
Kimberly Palmer
of
@
Apr 29, 2008 18:28:08 PM
Be careful with the tax rebates
I work for a company that manages and tracks gift cards, and I blogged about this issue a few days ago on savvywallet.com. Consider this: Last year $100B was spent on gift cards, and $8B was lost/unredeemed. It's too early to tell, how many people will be exchanging their stimulus, it would be scary to see how much will be lost or unredeemed.
Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Send your personal finance questions to her for expert money advice.
Veronica of NY @ Apr 30, 2008 14:49:09 PM
Kimberly Palmer of @ Apr 29, 2008 18:28:08 PM
Austin Chu of CA @ Apr 29, 2008 18:07:45 PM
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