AUSTIN, Texas (9/23/14)--When you give someone a gift card, there's a good chance at least a portion of your gift will go unused.
Every year close to $1 billion worth of gift cards is lost, due either to the card being misplaced or to the balance going so low it's merely forgotten (CreditCards.com Sept. 17). The Credit CARD Act of 2009 made it more difficult for retailers to run down the card value through inactivity fees or to cancel unused cards--but that doesn't protect consumers from themselves.
So here are some tips from CreditCards.com to ensure you get the full value of your gift card.
For related information, read "Fee Money or Free Money? Claiming Unclaimed Assets" and "Plan Now for Holiday Success" in the Home & Family Finance Resource Center.