I saw this deal in 2 of my local socal Costco's so it may only be local. I could not find the Costco online url so the link is for the 2nd gen and doesn't show $70 rebate but I didn't know what url to use so this wAs the closest.
Costco Apple Watch SE 1st Gen 40mm GPS, MKQ03LL/A
Color: Gold with Starlight Band
Costco: 1601062
Price $218.99 - $70.00 instant = $148.99
Another deal
Costco Apple Watch SE 1st Gen 44mm GPS, MKQ63LL/4
Color: grey w/ midnight band
Costco: 1601067
$248.99 - $70 instant = $178.99
Exp/ 11/28/22
https://www.costco.com/apple-watc...05944.html
QA note: OOS online. YMMV on finding item in-store.
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Edit: I will add that subscriptions (i.e. Netflix, Spotify) probably make the most sense for use of an Apple GC if you don't routinely buy Apple products or services. As long as you were going to pay that fee for Disney+ anyway, might as well just use up the GC.
Yes, 90 days for electronics open box or still sealed