Comment on In a way, a gift card is kind of the opposite of a credit card

Demonmariner@lemmy.world ⁨1⁩ ⁨day⁩ ago

• markz@suppo.fi ⁨1⁩ ⁨day⁩ ago

  Gift cards are just inferior fake money locked to one store.

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• cron@feddit.org ⁨1⁩ ⁨day⁩ ago

  With a quite high probability that the loan is never asked back.

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  • DeathByBigSad@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

    Do people actually lose/forget about gift cards?

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    • hydrashok@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

      All the time.

      47% of American adults have unused gift cards. The average value per person is $187, and the total value of these unspent funds in the US annually is approximately $23 billion.

      Higher-income individuals are most likely to have unredeemed gift cards, with 62% of this demographic reporting unused cards.

      Nearly 29% of Americans have kept a gift card so long that it expired, and 25% have lost at least one gift card.

      grabon.com/blog/gift-card-statistics/

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      • FreshParsnip@lemmy.ca ⁨1⁩ ⁨day⁩ ago

        I think that’s why companies sell gift cards. They get money and half the time don’t have to actually give away any merchandise

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      • usualsuspect191@lemmy.ca ⁨1⁩ ⁨day⁩ ago

        They don’t expire in Canada

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      • DeathByBigSad@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

        🤣 TIL

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    • Kolanaki@pawb.social ⁨1⁩ ⁨day⁩ ago

      Yeah. People lose pretty much anything a lot. And if you have a card to a place you never go to, or don’t even have nearby it can easily be forgotten after a while.

      A lot of it, though, is having just a few cents left on the card and then just tossing it because it’s not worth saving. When added up, that’s a lot of money just being thrown away.

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    • cron@feddit.org ⁨1⁩ ⁨day⁩ ago

      Some gift cards are also not a very good fit. I know that from personal experience ;)

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