Half of Americas have $189 in unused gift cards, says Bankrate

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Half of Americas have $189 in unused gift cards, says Bankrate
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There’s a good chance you have money in your wallet, and you may not even know.

Nationally, consumers have about $23 million in unused gift cards out there, just gathering dust.“I think the real worry here is we forget and lose it and we never put it to work,” Senior Analyst for Bankrate, Ted Rossman, said.”Travel credits are another big one because a lot of times when people have a trip that’s canceled, let’s say you get a voucher, you have to use it maybe within a year,” Rossman said.

And remember, when it comes to travel, the cost of inflation could diminish the value of your airline miles and credit vouchers - so don’t wait to use them. We are lucky, In Washington state gift cards never expire. So, what to do with those unused gift cards? Bankrate said there are a few ways to redeem their value.

First, you can always regift. Most gift cards allow you to load more money on them, so if there are only a few dollars left on the card, you may be able to increase the amount for gifting

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