Half of Americans have unused gift cards, and it's costing them over $21 billion

Malaysia News News

Half of Americans have unused gift cards, and it's costing them over $21 billion
Malaysia Latest News,Malaysia Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 73 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 72%

Do you have random unused gift cards laying around? You're not alone. (via CNBCMakeIt)

How much you'll get for your cards will vary depending on the site, but typically ranges from 70% to 80% of the card's current value, says Rossman, depending on how popular the retailer of the card is. Starbucks, iTunes, Target and Walmart cards some of the most valuable.

That said, Rossman says to use caution when selling, as there are occasional complaints about the companies . Test it out with one or two gift cards first to make sure you like the process and actually receive payment. Some gift cards have inactivity fees, which typically kick in after 12 months or so. It's best to use your gift cards, or sell them, as soon as possible. Not only so you aren't charged the fee, but also in case the retailer closes before you can use it. When Sears filed for bankruptcy in 2018,If your gift cards barely have any money left on them, you may be able to exchange them at the store for cash, depending on the state you live in, according to the.

"I've purposefully left some of the airline vouchers unused because they didn't fit into my travel schedule," says Rossman. "After pricing it out, I was still going to have to pay more out of pocket with that airline than buying a ticket from someone else." Overall, Rossman says using your gift card, either to buy something or as a gift for someone else, is the best way to get the most value out of it. Bankrate suggests keeping them on hand in a convenient location — either in your car or purse, for example — instead of tucked away at home. You can also use anRossman also suggests putting a calendar reminder in your phone before a big event, like a spouse's or parent's birthday, so you remember to spend it.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lazio go second as second-half fightback floors InterLazio go second as second-half fightback floors InterThe victory moved Lazio into second on 56 points, one behind leaders Juventus and two ahead of Inter in third.
Read more »

Nearly half of voters say they could not vote for a 'democratic socialist,' poll findsNearly half of voters say they could not vote for a 'democratic socialist,' poll findsIn hypothetical one-on-one races, self-described democratic socialist Vermont Sen. Bernie Sanders beat each of his major Democratic rivals.
Read more »

Prince Edward and Sophie have no royal engagements during February half-termPrince Edward and Sophie have no royal engagements during February half-termPrince Edward and Sophie have no royal engagements while their children Lady Louise Windsor and James, Viscount Severn are on half-term from school
Read more »

'Two and a Half Men' Star Conchata Ferrell Recovering from Near-Fatal Illness'Two and a Half Men' Star Conchata Ferrell Recovering from Near-Fatal IllnessBerta was almost taken out by a disease that could've killer her, but she's rallied back and is getting better by the day.
Read more »

32% of American workers have medical debt—and over half have defaulted on it32% of American workers have medical debt—and over half have defaulted on itAlmost a third of working Americans currently have some kind of outstanding medical debt, with about 28% owing $10,000 or more on their bills, according to a new survey from Salary Finance.
Read more »



Render Time: 2025-02-28 22:08:08