October 24, 2007

Promotion Alert: $25 Kmart Gift Card for $20

Yup, that right! Kmart is offering a $25 gift card for only $20. What an amazing 20% discount. We have not verified this at any of the local Kmarts near us. However, some plugged in deal seekers on FatWallet have verified this to be true for stores in California.

Here is an image of the in-store sign promoting the Kmart gift card. The texts on the sign say,

Buy a $25 Kmart gift card for $20. The Kmart Gift Card. It’s easy to give and wonderful to receive. You save time, and the recipient can get whatever they want from any Kmart. And even better, there is no expiration dates or fees with Kmart gift cards! When you purchase a $25 Kmart Gift Card, $5 will be deducted from the payment amount at the register. Offer valid from 10/21 to 11/03/07. See cashier for details.

Not sure if there are any limitations on this promotion. Based on the narrative provided by FatWallet members, the cashier used a coupon to process the transaction. The coupon was not in any circulars or flyers, but behind the cash register. However, this promotion can be so broken and can easily be abused, if it is possible to buy a gift card using a gift card. You buy a $25 gift card for $20. Use that gift card to buy another $25 gift card for only $20. This would leave $5 on the original gift card. California’s new gift card law allows for cash redemption of gift cards with value of less than $10. Redeem the first gift card for $5 and repeat the process. In theory, Kmart ends up giving you five dollars. Granted there are caveats in the California gift card cash redemption that exempts promotional gift cards. So not sure if the $25 Kmart gift card is considered a promotional or bona fide gift card. If someone does try this idea out and let us know how it turns out.

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Comment now » | Posted by Alex | Filed under: Promotions

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