Why billions of dollars will be lost this year because of gift cards.

Posted on April 10, 2014 by Wendy Krepak

Why billions of dollars will be lost this year because of gift cards.

The #1 gift that causes people to lose hundreds of dollars.

Have you ever gotten a gift card and when you’ve go to use it, you realized that you left it at home on your kitchen counter top? You are not alone.

According to Time.com in 2012 over $2 billion dollars of gift cards are not redeemed a year. From 2005 to 2011, an estimated $41 billion went unredeemed!

That’s a lot of money just disappearing from consumer’s pockets.

While they say that 85% of gift cards are used within the first 60 days of receipt, what happens to the 15% that don’t use them? One of the biggest reasons cited for gift cards going unused is that consumers are forgetting about them!

Majority of those polled said that it’s frustrating to receive a gift card and then for it to go unused. They have options, if they can remember it! There are a slew of businesses devoted to buying up your gift cards at a reduced rate in exchange for cash.

Cardpool.com, the leader in buying gift cards online, will take your $100.00 TJMaxx gift card and give you $75.00 in cash for its exchange.

That’s like taking $25.00 and tossing it out the window.

Or, another option is to remember your gift cards!

The Card Cubby can help you with your predicament and help you save money! The Card Cubby has space for 40 gift cards so all you need to do is fill her up and put her in your purse. That way you never have to worry about leaving behind your gift cards and you can actually use them instead of losing them.

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