- The Crime Americans Worry About Most Is the Hacking a Credit Card
- Does Money Lingo Make Your Head Spin? Here’s What It Really Means
- Delinquent Doctors Publicly Outed for Unpaid Student Loans
- How Do Mistakes Get Removed From Your Credit Reports?
- Your Early Holiday Present: Gas at $3 a Gallon or Less
- Monthly Bills That Can’t Help Your Credit, But Can Hurt It
- 7 Things That Prove Cheaper Isn’t Always Better
- Apple Pay Blocked at CVS, Rite Aid
LowCards.com wrote up the findings of a new study…
Approximately 85 percent of Americans will purchase a gift card in 2012 according to CEB TowerGroup research. Sales will exceed $110 billion, and spillage–the amount of money that goes unused on a gift card–will drop to $1.7 billion. Gift card sales are expected to reach $130 billion by 2015.
Between my wife and I we got six gift cards for Christmas. There’s never any “spillage” on our cards!
It’s not a surprising trend when many retailers throw in discounts or extras to essentially promise to shop at a store you planned to anyway. And, as the study points out, many people spend at least $25 beyond the gift card’s value when they redeem it. Sounds like win-win, unless you get a card you don’t want. If that’s the case, check out the links below…