Through a typically serpentine path of following links this morning, I discovered that both Sears and Kroger are offering incentives to consumers willing to cash in their Economic Stimulus checks.
Sears Holding Corporations is offering a 10% “bonus to every customer who converts their government stimulus checks into gift cards at Sears or Kmart.” The gift cards will have no expiration and no fees. They can be used at Sears, Kmart, or Lands’ End retail stores or on-line at Sears.com or Kmart.com.
For some it might be a very attractive offer but since I don’t shop at any of those stores, I think it’s an offer that I will pass.
But the Kroger offer does interest me. I’m practically a daily Kroger shopper. Kroger’s deal, as shown below, is similar to Sears’ in value — it works out to 10%.

The problem is, we won’t be receiving a Stimulus check. We’re expecting a direct deposit.
Sears, apparently, has already addressed this issue. Following is a quote emailed to me by The Husband (sorry, I don’t know the source):
Sears representative Kirsten Whipple said details for shoppers who elect to receive the fiscal-stimulus check by direct deposit are still being worked out, but they will likely be able to register online to receive a coupon to bring to stores.
I imagine that there will be more retailers jumping on this Stimulus incentive bandwagon, and, in an interesting way, encourage us all to do exactly what the government wants us to do with our checks — stimulate the economy. I’m going to keep a sharp eye and ear out for other retailers’ incentives before making a decision (with The Husband, of course) as to what to do with our money.
In the end, I’d have to bet that if we do any sort of retailer gift card exchange, it would be with Kroger (provided they come up with a way to entice those of use getting direct deposits) because it wouldn’t, in any way, be encouraging us to spend money that we wouldn’t otherwise spend in a place we wouldn’t otherwise spend it. Otherwise, my guess is we’ll do exactly what the government doesn’t want us to do, stick it in savings.