Toys R Us is liquidating and shutting down its websites, but its unused and unexpired Toys R Us and Babies R Us gift cards still have value -- for a while.
Through 10:59 p.m., CST, Thursday, Bed Bath & Beyond announced that it will offer store credit on Toys R Us gift cards with balances of at least $20.
Shoppers will receive a Bed Bath & Beyond e-gift card, but the exchange value won't be exact. Prices can vary and shoppers can check how much they'll receive on the Bed Bath & Beyond website before agreeing to the swap.
According to the website, the company will reimburse shoppers for about 65 percent of the value of the cards. For example, a $100 Toys R Us card would be worth $64.20 in store credit at Bed Bath & Beyond. The exchange program is run by a company called CardCash, which allows customers to convert gift cards from more than 200 retailers into Bed Bath & Beyond e-gift cards.
Toys R Us and Babies R Us gift cards will be accepted at those physical stores until April 21.
Wayne, N.J.-based Toys R Us said last month that it's preparing to close 735 U.S. stores including 59 in Texas. At the time, the chain told USA Today that it plans to honor gift cards for the next 30 days.