We're sitting on a fortune of unused gift cards

A new CreditCards.com survey finds:

  • 47% of Americans have at least one unused gift card in their wallet.
  • On average, Americans have $175 worth of unused gift cards, vouchers and store credits, $61 more than last year.
  • All these unused gift cards amount to about $21 billion nationwide.

So, why are these gift cards going unused?

  • Well, 29% of people simply say they held on to them too log.
  • Another 25% have no idea where the gift card is.
  • 47% of people eventually lose out on their funds, some because the business closed before the card could be used. 

Source: USA Today

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