Walmart To Honor Other Retailer’s Gift Cards

It's not the best deal - But you can redeem 200 different retailers gift cards at Walmart. You won't get the full value. 

Starting Christmas Day, Wal-Mart is letting customers exchange gift cards from more than 200 retailers, airlines and restaurants for a Wal-Mart card. The cards don't expire and can be used in stores and online. The exchange may send more shoppers to the website of the world's largest retailer.

It's a test program, but if it's successful, Wal-Mart Stores Inc..Shoppers won't get the full value of their gift cards to use at Wal-Mart. For example, with Amazon.com, customers can redeem up to 95 percent, while for Staples that figure is up to 90 percent and for Gap, up to 85 percent. For some brands, a Wal-Mart gift card will be worth just 70 percent of the original card.