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When Toys "R" Us announced it would be liquidating its remaining stores in March, discussion turned from lamenting the famous toy chain’s demise to wondering what it meant for customers who purchased gift cards or had enrolled in their loyalty program.
Officially, the retailer has announced that its rewards program is no longer active and that Toys "R" Us gift cards will be redeemable in stores only through April 21. (The company is no longer accepting online orders.) For those who don’t think they’ll have interest in spending the gift card at a barren and toy-depleted TRU location by then, there's another solution: According to Today, Bed Bath & Beyond will accept TRU gift cards in exchange for a card that's good at any of their stores.
The catch? You won’t get the full face value of the card. A $25 Toys "R" Us card might be redeemable for only $16 at Bed Bath & Beyond. A $100 toy card has a roughly $64 value.
Bed Bath & Beyond is only offering this buyback program through Thursday, April 5, so you’ll need to act fast. And if you happen to be one of the poor souls holding a Geoffrey Birthday Club coupon, you're entirely out of luck. The giraffe isn't in a celebratory mood.