The Truth About Unused Gift Cards
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Get the 5-minute newsletter keeping 2M+ innovators in the loop: https://thehustle.co/ In the US, 47% of adults said they had at least one unused gift card in August 2022, totaling $21b in unused gift card funds nationwide. Depending on where you live, your card may be safe from inactivity fees, giving you an unlimited spending window. But big companies can’t claim gift card money as revenue until you spend it. The Hustle breaks down how they wait it out and still cash in, in the meantime. For the full video about the economics of gas stations, check out this link: https://youtu.be/BxopzVb-D5c