We’re spending about $800 on gifts this holiday season on average and about $160 of that, or 20%, is going to be on gift cards. That’s still a huge chunk of change for shoppers.

Most consumers purchase gift cards for retail stores, about 57%, while 52% buy restaurant gift cards, the Capitol One report said. In 2023, 32% of consumers purchased online gaming gift cards.

Gift cards don’t expire for a minimum of five years. However, I encourage you to use them throughout the year, each year. After 12 months without any use, some gift cards have “no use” fees ...

Did they have gift cards in the 80s? Kind of. Gift cards as we know them today haven’t been around all that long in the grand scheme of things, but gift certificates have been around for a while ...

More than 3.4 billion gift cards were sold in the United States in 2021 and 47% of U.S. adults said they have one or more unused gift cards in their possession, according to Research and Markets.