Americans are expected to spend nearly $30 billion on gift cards this holiday, according to the National Retail Federation. Most will be redeemed.

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 around 70% of gift cards are used within six months.

But many cards — tens of billions of dollars’ worth — wind up forgotten or otherwise unused. That’s when the life of a gift card gets more complicated, with expiration dates or inactivity fees that can vary by state.

  • Bubs@lemmings.world
    85·
    10 months ago

    I second this. A 100 dollar bill just gets saved in my safe. However, if I’m given something like an Amazon gift card, I have zero reason to not spend it.

    Granted, the things I would want are very particular and normally on the expensive side, so I would rather have people give me a bit of money to go towards said things.