"Nancy Young" > wrote in message
...
> Michael "Dog3" wrote:
>
>> CNN had a short blurb about this a few days ago. I wasn't paying real
>> close attention but IIRC, expected losses to consumers would be at
>> about $100 million this year. I don't remember the "expert" they had
>> on with this prediction but I was surprised to learn that even in
>> good times something like 25% of gift cards go unredeemed.
>
> That's why stores love them, it's free money. Better yet if
> they can chip away at the amount with fees, it's all good.
> Unless you're the one just carrying around the card and not
> using it.

And even when people do redeem the cards, they often spend their own money
once in the store (i.e., go over the gift card amount)...


> I think Consumer Reports is trying to get a law passed where
> the store has to set aside gift card income so that if they go
> bankrupt, the card holders will be paid.

I hope it passes!

Mary