- Gift cards were first introduced in the 1990s by Blockbuster Video and Neiman Marcus.
- According to the National Retail Federation, gift cards have been the most requested holiday gift for over a decade.
- The most popular types of gift cards are for restaurants, department stores, and online retailers.
- In the United States, it’s estimated that $3 billion worth of gift cards go unused each year.
- Gift cards have expiration dates, but federal law prohibits them from expiring within five years of their purchase date.
Read Also: How Much Is 100 Euro iTunes Gift Card In Naira?
- The first gift card vending machine was installed in a shopping mall in the United States in 2004.
- Gift cards can be reloaded with additional funds, allowing the recipient to continue using them after the initial balance has been spent.
- Some gift cards can be used in multiple locations or across multiple brands owned by the same company.
- Many companies offer digital gift cards that can be delivered instantly via email or text message.
You can sell unwanted cards on sites like grip.ng and Giftcardstonaira.com.
5. Gift cards have become a popular way for companies to reward employees or incentivize customers to make purchases.
Instead of choosing a gift for a friend or loved one, trade your Amazon Gift card on GRIP WEBSITE
Conclusion
The current demand for digital gift cards is bright and will last too long.
According to the National Retail Federation (NRF) study, the total amount spent on gift cards, the percentage of people who bought gift cards, and the number of people who said they wanted a gift card increased by 2010.
As per the survey, sixteen of the twenty most common gift cards were retail gift cards, making sense that most US gift cards come from retail companies.
And remember, you can always sell and exchange your gift cards for Cash here on our GRIP platform and get instant payment.
Take advantage of this today to start trading your gift cards on our platform and enjoy peace of mind.
Happy Trading!