Gift cards
have been all the rage for the past ten years or so. Friends and family have
enjoyed the convenience of purchasing the cards for birthdays, holidays,
graduations, Christmas, Hanukkah, and for nameless special occasions.
Who can
complain about the convenience of these handy gifts? Gift cards save shoppers
time, and the gift recipient is always delighted to receive credit toward their
favorite retailer. The cards have meant big business for retailers such as Home
Depot, iTunes, The Limited, and countless retailers and service providers.
As the
holiday season approaches, consumers may again opt for this popular and handy
gift. However, consumers should consider the state of the economy and how this
influences the use and purchase of these cards. If a company goes out of
business before the card is used, the card becomes useless. No purchases may be
made using the card, and no refunds on the purchase of the card will be
offered.
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