Unused Gift Cards are a Waste

Savvy ATM: Use Your Gift Cards This Weekend


Chances are some of you received gift cards this past holiday season. And odds are some of them are still sitting in that pile you keep meaning to go through, running the risk of going to complete waste. Gift card delinquency is extremely common — a business research firm estimated that out of the $97 billion in gift cards purchased in 2007, $7.8 billion wouldn't be redeemed.

Some gift cards expire or lose value after some time, so before you forget all about those pint sized gifts go out and use them! Even if the corresponding store is a place you tend to avoid, at least go in and buy some socks. And if you really don't want the gift card, you may want to consider selling it online.

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