How to lose your money _ Buy gift cards

  • Context: News 
  • Thread starter Thread starter jal
  • Start date Start date
  • Tags Tags
    Cards Money
Click For Summary

Discussion Overview

The discussion revolves around the implications of purchasing gift cards, particularly in light of various store closures. Participants share their experiences and opinions on the risks associated with gift cards, including potential expiration, usability issues, and the financial stability of retailers.

Discussion Character

  • Debate/contested
  • Conceptual clarification
  • Exploratory

Main Points Raised

  • Some participants warn about the risk of purchasing gift cards from stores that may close, citing a list of retailers that are shutting down locations.
  • Others express skepticism about the value of gift cards, arguing that they can be a poor choice compared to cash or checks, as they limit spending options.
  • A participant shares a personal experience of difficulties using a gift card online, highlighting usability issues.
  • Some argue that gift cards can be beneficial if given to someone who shops at the store, while others maintain that they are generally a bad idea.
  • There are differing opinions on the convenience of gift cards versus cash, with some preferring the flexibility of cash gifts.
  • One participant mentions that some states may take unredeemed gift card balances, raising concerns about consumer protection.
  • Another participant suggests that the closure of stores may not significantly impact consumers if the number of stores closing is small relative to the total.
  • Some participants express frustration with the spread of potentially false information regarding store closures, questioning the validity of the original email that listed the stores.

Areas of Agreement / Disagreement

Participants do not reach a consensus on the value of gift cards. While some see them as useful under certain conditions, others argue they are generally a poor choice for gifts. Disagreement exists regarding the implications of store closures and the reliability of the information shared in the discussion.

Contextual Notes

Participants reference specific stores and their closure statuses, but the accuracy of this information is contested. There are concerns about the assumptions underlying the perceived risks of gift cards, including expiration policies and the financial health of retailers.

  • #31
Evo said:
Wow, Woolworth's closed down in the US ages ago. They tried to update them them as Woolco, but that also failed. I used to go to Woolworth's all of the time when I was little.
Woolworth's here had lunch counters, stamp-collecting supplies, needles and thread, photo-processing drops, toys, etc, etc. 45-50 years ago, it could be a treat to go there, though we never had much money to spend and spent a lot more time looking than selecting and buying.

Woolworth's specialized in low-cost stuff, so you could get a deal on generic envelopes, crepe paper, glue, cellophane tape, etc. Sam Walton probably looked at the Woolworth game plan and thought "not big enough".
 
Physics news on Phys.org
  • #32
Never understood why people give out gift cards. Why not just cash? Cash is more liquid. Gift cards are simply just cash that you are forced to spend in one place. Seems stupid.
 
  • #34
That article was about unspent gift cards, not gift cards for companies that went under.
 
  • #35
russ_watters said:
That article was about unspent gift cards, not gift cards for companies that went under.

Yes I can read.
 

Similar threads

  • · Replies 65 ·
3
Replies
65
Views
11K