Amazon offers $50 Xbox 360, PS3 purchase credit and $70 gift card with Wii trade-in

Amazon's latest Nintendo Wii trade-in promotion sounds confusing, but it's a great deal.  Today, when you trade in your Wii console you can get a qualifying new Xbox 360 for as low as $79.99 or a PS3 for as low as $129.99.

Here's how it works:

When you trade in your Wii you will get an Gift Card worth up to $70, redeemable towards items sold on Amazon.  In addition, you will get a $50 bonus credit toward the purchase of qualifying Xbox 360 or PS3 consoles.

The qualifying Xbox 360 consoles include:

  • Xbox 360 250GB Holiday Value Bundle with Kinect – $399.99
  • Xbox 360 4GB Console with Kinect – $299.99
  • Xbox 360 250GB Holiday Value Bundle – $299.99
  • Xbox 360 4GB Console – $199.99
  • Xbox 360 Limited Edition Call of Duty: Modern Warfare 3 Bundle – $399.96
  • Xbox 360 Limited Edition Kinect Star Wars Bundle – Available for Pre-order

It should be noted that the $79.99 Xbox 360 price is based on the Xbox 360 4GB Console using the $70 gift card and $50 bonus credit.  Still, it's a great offer, especially if you don't play your Wii anymore!

As for the qualifying PS3 consoles:

  • PlayStation 3 160GB System – $249.96
  • PlayStation 3 320GB System – $299.99
  • PS3 320GB Uncharted 3 Bundle – $279.99
  • PS3 160GB with Harry Potter and the Deathly Hallows part 2 Blu-ray Disc Bundle – Currently Unavailable

The $129.99 price is based on the 160GB PS3 system with the $70 gift card and $50 bonus credit.

Now for the fine print:

" Gift Card amount may vary based on model and condition of Wii console. Gift Card will be deposited into your account automatically; $50 bonus credit will be emailed within four business days of acceptance of your trade-in."

You must complete your Xbox 360 or PS3 console purchase no later than 3/31/2012.