The Kindle Oasis E-reader is obviously the king of Kindles, but it’s also super expensive so it doesn’t sell anywhere near as well as the cheaper models. Well, it usually doesn’t sell as well, but we have a feeling that’s going to change on Wednesday. The previous-generation version of this $280 e-book reader is just as good as the new one but it has a different backlight, and it’s on sale right now on Amazon for an all-time low of $149.99. As if that wasn’t good enough, you also get a $5 credit when you activate it!

Here are the key details from the product page:

  • Now available in Graphite or Champagne Gold.
  • Our largest, highest resolution display— 7” and 300 ppi, reads like real paper without glare, even in bright sunlight.
  • The first waterproof (IPX8) Kindle so you are free to read in even more places.
  • Now with Audible, listen to the world’s largest library of audiobooks. Pair with Bluetooth to take the story with you anytime, anywhere.
  • Thin and light ergonomic design with dedicated page turn buttons and adaptive front light so you can read even more comfortably for hours.
  • Keep reading—a single charge lasts weeks, not hours.
  • Enjoy twice the storage with 8 GB. Or choose 32 GB to hold more magazines, comics, newspapers, and audiobooks.
  • Instant access to new releases and bestsellers, or over a million titles at $2.99 or less. Prime members read free with unlimited access to over a thousand titles.

Follow @BGRDeals on Twitter to keep up with the latest and greatest deals we find around the web. Prices subject to change without notice and any coupons mentioned above may be available in limited supply. BGR may receive a commission on orders placed through this article.