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Good price for the Xbox, almost at an all time low. Effectively $399 ($100 off RRP).
Prime Savings Get $50 promo Amazon credit.
Prime Savings Prime Members get a $50 promotional credit for a future eligible order when they purchase an Xbox Series S Console sold by Amazon AU. Offer valid until 11:59:59 PM AEST on 13 July 2022, or while stocks last, and may be withdrawn or amended by Amazon
Amazon credit isn't cash so no not effectively $399
Besides it's been actually $399 multiple times recently