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Friday, April 25, 2008

RadioShack offers discount on purchases made with federal stimulus check or IRS refund

By Pegasus News wire

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FORT WORTH — Fort Worth based RadioShack Corporation announced that customers who use their stimulus or IRS refund checks in amounts of $50 to $2,500 as a form of payment at their neighborhood RadioShack store between May 4 and July 12 will receive a 10% discount. As an added value, customers will not be required to commit the entire amount of their federal stimulus or IRS refund checks to the consumer electronics retailer. Any remaining unspent balance will be placed on a Vision Silver Prepaid MasterCard card that can be used wherever MasterCard cards are accepted.

RadioShack will not charge a check or card activation fee when customers use part or all of their federal stimulus or IRS refund check to make a purchase. There are no product exclusions for the discount offer and customers may convert their Vision Silver Prepaid MasterCard card into a permanent personalized prepaid card if they so desire. Customers may obtain more information from their neighborhood RadioShack store beginning May 4.

RadioShack hopes that its offer will appeal to those without a checking account who rely upon check cashing services with fees as high as 3-5%.

Source: RadioShack Corporation

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Comments

austinchu Anonymous

Hi, I work for a company that manages gift cards and we blogged about this topic a few days on http://savvywallet.com. Even though it may be enticing for consumers to exchange their stimulus for a 10% bonus, consider this: Last year $100B was spent on gift cards, and $8B was lost/unredeemed. My advice? Save it, put it towards debt, just don't get your wallet stolen with your IRS stimulus converted gift cards.

2 months, 3 weeks ago ( Link to this comment | Suggest removal )

Scott Doyle

Scott Doyle Verified

Anybody without a bank account probably shouldn't be blowing free money on electronics. I concur re: putting it towards debt.

Doyle's stimulus monies will insure his car for another 6 mos.

2 months, 3 weeks ago ( Link to this comment | Suggest removal )

austinchu Anonymous

Scott: You're right. An HDTV is probably not the best idea. Debt and IRAs.

2 months, 3 weeks ago ( Link to this comment | Suggest removal )

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