Gift cards are a popular present at the holidays—the National Retail Federation says more than half of consumers plan to give one this year. But they aren't always wanted—research organization CEB TowerGroup estimates that $1 billion of the $130 billion spent on gift cards last year went unused. It could be that the gift card is for a retailer or other business the recipient doesn't like. Or they simply don't have access to the restaurant or movie theater to spend it. So if you got a gift card that is going to sit untouched, what should you do? The AP has a few options for you:
- Regift it: This may be your easiest solution. If you can't use the card or just don't want it, someone else might. So why not hand it over to a loved one who wants it? Gift cards are typically good for several years and there are no rules about changing hands.