This year gift cards sales are expected to climb to $24 billion. This will be the second most popular gift behind clothing. They are great because then you don’t have to figure out anyone’s size or color preference. We have seen more gift cards being given out at birthday parties, as kids love to shop for their own stuff. But you should check those cards carefully once you receive as some will expire within a year, and some even assess a fee if not used within a specific amount of time. It is estimated that approximately $900 million in gift cards are outstanding and have or will expire.
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A recent report showed that only about 75% of all gift cards are redeemed and used completely. This is a huge windfall for businesses that issues these cards. So the when you get your gift card from Best Buy this year, make sure you take the time to read the back and get the most out of your gift.
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