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? Here are a few options:
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