If you have Toys ‘R’ Us gifts you’re about to lose, Bed Bath & Beyond may be able to help
Ever since Toys ‘R’ Us announced it was going out of business last month, consumers around the country have been scrambling to use their leftover gift cards. And since both the Toys ‘R’ Us and Babies ‘R’ Us retail websites abruptly shuttered, some shoppers who don’t live near brick and mortar stores are in a bind.
Enter Bed Bath & Beyond, who announced today that they will offer an enticing alternative to people who still have Toys ‘R’ Us gift cards in their pockets: any cards can be traded in for Bed Bath & Beyond e-gift cards, at an exchange rate of about 65 percent–depending on your balance.
Bed Bath & Beyond’s website explains that prices may vary when it comes to the exchange value of your card–you have to enter your balance to see what your offer will be. They don’t accept Toys ‘R’ Us or Babies ‘R’ Us merchandise credit, which is obtained if you returned an item.
It might not seem like super-great deal, unless you have a Toys ‘R’ Us gift card that you aren’t sure how to unload, or unless you’d much rather have a salad spinner than a fidget spinner. Especially as inventory becomes more and more limited as the store approaches its final days, you may decide that buying something you need or want at Bed Bath & Beyond is better than buying whatever’s left at Toys ‘R’ Us.
Of course, time is still of the essence. Toys ‘R’ Us and Babies ‘R’ Us will stop accepting gift cards and store credit on April 21. Bed Bath & Beyond will stop exchanging gift cards at 11:59 p.m. E.T. on Thursday, April 5.
This isn’t a new program for Bed Bath & Beyond–it offers a similar gift card exchange program for over 200 retailers across the country, though at lower rates than if you used your card at the original retailer that issued the card. Here are a few general guidelines:
- They accept cards with balances above $2o.
- The exchange value of your card depends upon several factors.
- They accept cards with uneven balances and partially used cards.
- They don’t accept cards that have expired.
Still have questions about their gift card exchange program? They answer a lot of them here.