Newspaper article Charleston Gazette Mail

What to Do with Popular, but Unwanted, Gift Cards

Newspaper article Charleston Gazette Mail

What to Do with Popular, but Unwanted, Gift Cards

Article excerpt

Gift cards are a popular present at the holidays - the National Retail Federation says more than half of consumers plan to give one this year. But research organization CEB TowerGroup estimates that $1 billion of the $130 billion spent on gift cards last year went unused.

It could be that the gift card is for a retailer or other business the recipient doesn't like. Or they simply don't have access to the restaurant or movie theater to spend it.

What to do? Regifting may be easiest.

If you can't use the card or just don't want it, someone else might. So why not hand it over to a loved one who wants it? Gift cards are typically good for several years and there are no rules about changing hands.

There are various exchanges online, such as Cardpool.com, Raise. …

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