Reward playing cards are one of the requested presents, however how a lot of the worth is rarely used?
Reply: The typical unused quantity is $244 per particular person
Questions:
- Why do you assume that the steadiness on unused reward playing cards is so excessive?
- What methods can a client use to guarantee that they do not lose observe of their reward playing cards?
- Though reward playing cards are sometimes requested for, would understanding that many individuals don’t use reward playing cards affect your choice to provide reward playing cards as presents?
Behind the numbers (Bankrate):
“The typical worth of unused reward playing cards, reward vouchers or retailer credit score per particular person is up 30 % from 2023 when it was $187. And it’s up from $175 in 2022 and $116 in 2021. The median unused quantity is presently $100.
“Reward playing cards characterize actual cash,” says Ted Rossman, Bankrate senior analyst. “It’s disappointing that the quantity of unused worth continues to develop. Shops corresponding to Walmart and Starbucks have greater than $1 billion in unused reward playing cards on their books.”
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About
the Writer
Dave Martin
Dave joins NGPF with 15 years of educating expertise in math and pc science. After becoming a member of the New York Metropolis Educating Fellows program and incomes a Grasp’s diploma in Schooling from Tempo College, his educating profession has taken him to New York, New Jersey and a summer season within the north of Ghana. Dave firmly believes that monetary literacy is important to creating well-rounded college students which are ready for a fancy and extremely aggressive world. Throughout what free time two younger daughters will permit, Dave enjoys video video games, Dungeons & Dragons, cooking, gardening, and taking naps.
