The worst gift cards to have
What happens to my gift card if the retailer goes bankrupt?
You might have heard about the recent bankruptcies of Bombay, Sharper Image, and Linens-N-Things. Well, I hope you don’t have a gift card for one of them still sitting in your drawer. According to the recent issue of Money Magizine, you are not likely to get anything from them. It is possible that you could get a fraction of what it was worth, but not very likely.
They suggest that if start spending if you have a gift card for…
Blockbuster
Eddie Bauer
Express
Petco
Toys R Us
Each one of these companies recently had their credit rating drop below investment grade. That is not necessarily an indication that they will go bankrupt, but definitely a cause for concern.
Personally, I often spend gift cards as soon as I get them, but they say that half of all Americans have an unused gift card laying around somewhere. It’s […]
Original post by bob