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

• DeathByBigSad@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

  Do people actually lose/forget about gift cards?

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  • hydrashok@sh.itjust.works ⁨2⁩ ⁨months⁩ 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 ⁨2⁩ ⁨months⁩ 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 ⁨2⁩ ⁨months⁩ ago

      They don’t expire in Canada

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      • brygphilomena@lemmy.dbzer0.com ⁨1⁩ ⁨month⁩ ago

        Or in California. For the USians, you can probably call and complain that you live in CA and have them reissue it.

        In CA, they also have to pay out in cash if it’s less than $10 and you request it.

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    • DeathByBigSad@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

      🤣 TIL

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  • Kolanaki@pawb.social ⁨2⁩ ⁨months⁩ 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 ⁨2⁩ ⁨months⁩ ago

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

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