Money from gift cards is often wasted

gift cards are an easy and popular gift, I have teenage granddaughters and I don’t like to shop so I use gift cards. People love giving and receiving, but often they don’t use all the money. *** A new Bankrate survey reveals almost half of us. Adults say they have unused gift cards, vouchers or store credit. Sometimes I can’t find it, it gets very low and I know I can’t buy anything, I throw it away. In fact, I have extra gift cards and usually have a lot more money left over. The average American sits on $175. This is an increase from $116 last year, they represent real money bank rates. Ted Rossman says that in many cases the money is never spent. About *** third of people have an expired or lost gift card *** gift card *** often people are just their own worst enemy. They cling to these things too long. The store is closing. There are websites like Raise Money Card and Give Money that allow you to sell the card and receive between 70-90% of the cash value. Another option, give the card to someone else, even if there is *** small leftover, you can even reload *** a lot of these gift cards. So even if you have one of those weird leftovers like $6.23, you can actually load it. In many cases, for *** a more socially acceptable amount and then giving it away as the *** gift rossman says when you receive one, it’s important to *** intend to spend it, because the cards only become a ***gift when you use them – Astrid, Martinez, CBS, News, Metuchen, New Jersey.

Money from gift cards is often wasted

Every year, billions of dollars are spent on gift cards, reports CBS News. For shoppers, like Mickey Freund, it’s an easy gift. “I have teenage granddaughters and I don’t like to shop, so I use gift cards,” Freund says. Even though people enjoy giving and receiving them, people often don’t use all the money. A Bankrate survey reveals that 47% of American adults have unused gift cards, vouchers or store credit. The average American is sitting on $175, down from $116 last year. too long, the store closes,” says Ted Rossman, senior industry analyst at Bankrate. There are websites like Raise, CardCash, and GiftCash that allow you to sell the card and receive between 70% and 90% of the cash value, reports CBS News. Another option: give the card to someone else, even if there’s a little left over. “You can even top up a lot of these gift cards. So even if you have one of those weird leftovers like $6.23, you can actually top it up in many cases at a more socially acceptable amount. , then give it as a gift,” says Rossman. Experts say that if you receive a gift card, it’s important to plan how to spend it, because cards only become a gift when you use them.

Every year, billions of dollars are spent on gift cards, reports CBS News.

For shoppers, like Mickey Freund, it’s an easy gift. “I have teenage granddaughters and I don’t like to shop, so I use gift cards,” Freund says.

Even though people enjoy giving and receiving them, people often don’t use all the money. A Bankrate survey reveals that 47% of American adults have unused gift cards, vouchers or store credit. The average American is sitting on $175, down from $116 last year.

“About a third of people have either let a gift card expire or lost a gift card. Often people are just their own worst enemy, they hang on to these things too long, the store goes bankrupt,” says Ted Rossman. , senior industry analyst at Bankrate.

There are websites like Raise, CardCash and GiftCash that allow you to sell the card and receive between 70% and 90% of the cash value, reports CBS News. Another possibility: give the card to someone else, even if there is a small amount left over.

“You can even top up a lot of these gift cards. So even if you have one of those weird leftovers like $6.23, you can actually top it up in many cases at a more socially acceptable amount, then give it as a gift,” Rossman says.

Experts say that if you receive a gift card, it’s important to plan to spend it, because cards only become a gift when you use them.


Source link