GameStop will give you an extra $50 for your old console this week if you're buying a PS5 to counteract today's price increase.

GameStop wants you to know that it has your back amid the new PS5 price hike in the U.S…. but only for a few days. The company is offering extra $50 credit towards the purchase of a PS5 when trading in older consoles collecting dust,

Sony responds to Sony's $50 PS5 price hike with targeted trade-in promotion, highlighting retail tensions amid tariff pressures.

Shortly after Sony announced its PS5 price increases, the store took to its social media pages, proclaiming, “GameStop has your back.” It adds that a new deal will let players “take that $50 back” by granting an extra $50 bonus to anyone who trades in a PlayStation 4, Xbox One, Xbox Series X | S, or Nintendo Switch toward the purchase of a new PS5.

PS5 prices are going up. But retailers like GameStop „have your back.” Do they really have your best interests at heart? The answer may not surprise you.

GameStop and Walmart restocked the PlayStation 5, Xbox Series S and Xbox Series X. Learn how to buy a PS5 or Xbox now before the restocked units sell out.

If you're still looking for one, you'll have a chance to pick up the PS5 at your local GameStop store very soon. GameStop will have PS5 bundles in stock tomorrow, August 19, and Saturday, August 20.

The PS5 bundle restock is said to be an "all store" event, but it may be better to call ahead and confirm that one's local GameStop will indeed have PS5 bundles in stock.

This is something that GameStop has done quite often in the past, and in short, it means you’ll have to purchase a membership with the retail chain before you’re allowed to then buy the PS5.

I bought several ‘refurbished’ and limited edition PS5 consoles from GameStop and the results were a disaster. From missing parts and fake seals to scratched, damaged, and even broken systems, each unboxing just gets worse.