US EditionThe secret life of gift cards: Here's what happens to the billions that go unspent each year
- Americans are projected to spend almost $30 billion on gift cards this holiday season, with restaurant gift cards accounting for one-third of sales.
- Around 70% of gift cards are used within six months, but billions of dollars' worth of cards end up forgotten or unused. Expiration dates and inactivity fees vary by state.
- There are options for dealing with unwanted gift cards, such as selling them on resale sites, but experts recommend using them quickly to avoid inactivity fees and potential loss.
108 Articles
108 Articles
The secret life of gift cards: Here’s what happens to the billions that go unspent each year – Metro Philadelphia
By DEE-ANN DURBIN AP Business Writer Gift cards make great stocking stuffers — just as long as you don’t stuff them in a drawer and forget about them after the holidays. Americans are estimated to spend nearly $30 billion on gift cards during the holiday season, according to the National Retail Federation. Restaurant gift cards are the most popular, making up one-third of those sales. Most of those gift cards will be redeemed. Paytronix, which t…
The secret life of gift cards: Here’s what happens to the billions that go unspent each year - Austin Daily Herald
Gift cards make great stocking stuffers — just as long as you don’t stuff them in a drawer and forget about them after the holidays. Americans are expected to spend nearly $30 billion on gift cards this holiday season, according to the National Retail Federation. Restaurant gift cards are the most popular, making up one-third of those sales. Most of those gift cards will be redeemed. Paytronix, which tracks restaurant gift card sales, says aroun…
The secret life of gift cards: Here's what happens to the billions that go unspent each year
Gift cards make great stocking stuffers — just as long as you don't stuff them in a drawer and forget about them after the holidays.Americans are expected to spend nearly $30 billion on gift cards this holiday season, according to the National Retail Federation. Restaurant gift cards are the most popular, making…
The secret life of gift cards: Here’s what happens to the billions that go unspent each year
Gift cards are displayed at a Target in New York, Dec. 21. Americans are expected to spend nearly $30 billion on gift cards this holiday season, according to the National Retail Federation.Richard Drew/AP Gift cards make great stocking stuffers — just as long as you don’t stuff them in a drawer and forget about them after the holidays.Americans are expected to spend nearly $30 billion on gift cards this holiday season, according to the National…
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