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Brits urged to hunt for forgotten vouchers from 2 major retailers worth £125m
Shoppers are urged to check old cards and digital accounts as experts warn some balances could be lost if retailers enter administration.
- High street fashion giants Next and ASOS currently hold a combined £125 million in unredeemed customer vouchers. Consumers are being urged to check their digital accounts, wallets, and inboxes for forgotten balances.
- Finance expert Joe Lytwyn noted that vouchers are often easily forgotten because they are frequently given as gifts then buried in inboxes. Next reported £114.6 million in revenue linked to unspent gift cards, while ASOS holds £11.1 million.
- Searching inboxes for keywords like "voucher," "store credit," "ASOS," and "Next" may help families find unused balances of £20, £50, or even £100 during the summer season.
- Consumer experts warn that expiry dates vary between businesses, and retailer administration could treat gift card holders as unsecured creditors, potentially limiting recovery of remaining value.
- For purchases over £100 made on credit cards, consumers may be protected under Section 75 of the Consumer Credit Act. Shoppers are encouraged to use cards strategically during seasonal sales to maximize value.
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14 Articles
14 Articles
The Herald Scotland+13 Reposted by 13 other sources
Brits urged to hunt for forgotten vouchers from 2 major retailers worth £125m
Unredeemed vouchers from Next and ASOS are said to be worth around £125 million when all put together
·Scotland, United Kingdom
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Total News Sources14
Leaning Left1Leaning Right0Center11Last UpdatedBias Distribution92% Center
Bias Distribution
- 92% of the sources are Center
92% Center
C 92%
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