The Daily Item, Sunbury, PA

Business

December 2, 2013

The Color of Money: Gift cards, explained

(Continued)

     If you get a gift card, be careful that you don't overspend when you redeem it. A survey last year from the TowerGroup found that 30 percent of gift card recipients spend $25 more than the value of the card.

     Oh, and I love this tip from Card Hub: If you have an old gift card that's still good, but it's looking a bit worn, check to see if you can trade it in for a new card. Regift the card if you're looking for a gift for someone. But make sure it has the full value displayed on the front of the card.

     Why would someone regift a gift card?

     Perhaps the card is from a store the first recipient doesn't patronize. As long as the gift card is for a service or store the regifting receiver would like, I don't see the problem. Think of it as recycling. Besides I won't tell and neither should you.

    Readers can write to Michelle Singletary c/o The Washington Post, 1150 15th St., N.W., Washington, D.C. 20071. Her email address is michelle.singletary@washpost.com. Follow her on Twitter (@SingletaryM) or Facebook (www.facebook.com/MichelleSingletary). Comments and questions are welcome, but due to the volume of mail, personal responses may not be possible. Please also note comments or questions may be used in a future column, with the writer's name, unless a specific request to do otherwise is indicated.

   

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