Unused gift-card money piles up as state unclaimed property
Sunday, October 25th, 2009Cashunclaimed.com
Nicole Anderson
Phone: 714-277-3040
URL: https://www.cashunclaimed.com
Unused gift-card money piles up as state unclaimed property
Unused gift-card money reserve is growing at a rapid pace and it is estimated that around $8 billion of this amount is waiting to be reclaimed. In 2008, almost $80 billion was spent on gift-card and gift certificates during the Christmas holiday season. These unclaimed gift card funds are now included under the state unclaimed property, which makes it easier for the US residents to reclaim their unredeemed cards even after the gift card has expired.