The Kroger chain of supermarkets is interested in getting their shoppers’ stimulus checks when they are issued this year. In exchange for a check, Kroger will issue gift cards totaling 110% of the check’s value. (A $300 check will net 1 $330 gift card; $600 check, 2 $330 gift cards, and so on.)
An interesting idea, assuming one spends a lot of time – and therefore money – shopping at Kroger. It’s almost like investing money in a company and netting 10% interest immediately. No maturation required.
Course, my stimulus check – actually direct deposit – will likely be going into one of two places: my debt or my savings account. (link via cincycub)
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We have Kroger in Texas but ive never seen any up here in the DC area, its actually not a bad investment. I dont even get 10% on my savings!
I know Sears is offering the same “deal” if you bring your checks in. Still, 10%? That hardly seems enough to make it worth it.
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[...] Fredo already mentioned one store giving back 10% extra if you cash/spend your economic stimulus check there. The Bargainist just came out with an updated list of ways to get more with your check including retailers giving bonuses, cashing the checks for free and suggestions to spend locally. My favorite has got to be Staples’ Economic Stimulus Center, a portion of their website devoted to encouraging people to spend their economo-stimulo check! [...]