Best Buy made $16 million off of unredeemed gift cards

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dullard

Elite Member
May 21, 2001
25,054
3,408
126
Originally posted by: Insane3D
I love when someone's opinion is stated as fact...
It isn't opinion. It is fact.

It is a fact that a gift card is NOT the ideal gift in any situation. The ideal gift would be an item the person actually wants. An ideal gift would not:
[*]have little thought put into it,
[*]have little if any effort in purchasing it,
[*]have purchasing fees,
[*]have expiration dates,
[*]have inactivity fees,
[*]have restrictions on store location,
[*]etc.

Gift cards are simply NOT in the spirit of giving (putting the time and effort into getting to know someone so that you can give them exactly what they want) and are not the best gift to receive (the list of problems above plus many more). That is undeniable fact.
 

pontifex

Lifer
Dec 5, 2000
43,806
46
91
i got a barnes and noble gift card this year and i spent it like 2 hours after i got it on Xmas day, lol

several years ago, my aunt and uncle gave me a gift card to the Gap. it went unused because i don't shop at the gap and didn't know anyone that did.
 

waggy

No Lifer
Dec 14, 2000
68,145
10
81
Originally posted by: pontifex
i got a barnes and noble gift card this year and i spent it like 2 hours after i got it on Xmas day, lol

several years ago, my aunt and uncle gave me a gift card to the Gap. it went unused because i don't shop at the gap and didn't know anyone that did.

yeah thats why you make sure yo uget a GC to a place people actually go.

I always ask for GC from family. to Walmart, Lowes and farm and fleet.
 

Insane3D

Elite Member
May 24, 2000
19,446
0
0
Originally posted by: dullard
Originally posted by: Insane3D
I love when someone's opinion is stated as fact...
It isn't opinion. It is fact.

It is a fact that a gift card is NOT the ideal gift in any situation. The ideal gift would be an item the person actually wants. An ideal gift would not:
[*]have little thought put into it,
[*]have little if any effort in purchasing it,
[*]have purchasing fees,
[*]have expiration dates,
[*]have inactivity fees,
[*]have restrictions on store location,
[*]etc.

Gift cards are simply NOT in the spirit of giving (putting the time and effort into getting to know someone so that you can give them exactly what they want) and are not the best gift to receive (the list of problems above plus many more). That is undeniable fact.

No, actually...it isn't. You can list out as many reasons as you want in that ultra boring, over analyzed posting method you use, but it still does not make it a fact.

You are trying to say a abstract description like "Horrible rude gifter" is a fact, and yet, a lot of people give them. Then in your post you put a whole list of reasons why it's not an "ideal" gift...which is not what you originally posted. I don't see anyone calling it a "ideal" gift.

Feel free to post another bullet list and over analyze my post to make it sound like your opinion is a fact.

:)
 

OutHouse

Lifer
Jun 5, 2000
36,413
616
126
Originally posted by: pontifex
i got a barnes and noble gift card this year and i spent it like 2 hours after i got it on Xmas day, lol

several years ago, my aunt and uncle gave me a gift card to the Gap. it went unused because i don't shop at the gap and didn't know anyone that did.


regift it to a distant relative or somebody else. :laugh:
 

dullard

Elite Member
May 21, 2001
25,054
3,408
126
Originally posted by: waggy
I always ask for GC from family. to Walmart, Lowes and farm and fleet.
Do the one step better. Ask instead for a shopping trip from your family. You go out on the town with your family member. You pick up the items you want, and you have a day discussing them. Put the spirit of gifting (getting to know someone better) back into gifts. They still spend the amount of money they want to spend, you still get the items you want. But, you get to spend time with the people that are most important.

And if you are about to reply that it is inconvenient to see your family member, then my idea is all that more valuable. Spending time with someone you rarely get time with is then the gift.
 

dullard

Elite Member
May 21, 2001
25,054
3,408
126
Originally posted by: Insane3D
No, actually...it isn't. You can list out as many reasons as you want in that ultra boring, over analyzed posting method you use, but it still does not make it a fact.

You are trying to say a abstract description like "Horrible rude gifter" is a fact, and yet, a lot of people give them. Then in your post you put a whole list of reasons why it's not an "ideal" gift...which is not what you originally posted. I don't see anyone calling it a "ideal" gift.

Feel free to post another bullet list and over analyze my post to make it sound like your opinion is a fact.
You have now posted opinion about my posts. And, according to you, opinions are not not fact. In this case, your opinion is wrong (and yes opinions can be wrong). Case closed.

 

waggy

No Lifer
Dec 14, 2000
68,145
10
81
Originally posted by: dullard
Originally posted by: waggy
I always ask for GC from family. to Walmart, Lowes and farm and fleet.
Do the one step better. Ask instead for a shopping trip from your family. You go out on the town with your family member. You pick up the items you want, and you have a day discussing them. Put the spirit of gifting (getting to know someone better) back into gifts. They still spend the amount of money they want to spend, you still get the items you want. But, you get to spend time with the people that are most important.

And if you are about to reply that it is inconvenient to see your family member, then my idea is all that more valuable. Spending time with someone you rarely get time with is then the gift.

seems silly to have family drive 4+ hours to come shop with me. but if they lived in town yes that would be a good idea.

 

dullard

Elite Member
May 21, 2001
25,054
3,408
126
Originally posted by: waggy
seems silly to have family drive 4+ hours to come shop with me. but if they lived in town yes that would be a good idea.
See my last paragraph. It makes the gift all the better. Spending time with your family that is hours away multiplies the value of the gift. This is especially true if you can schedule it near the holidays.
 

waggy

No Lifer
Dec 14, 2000
68,145
10
81
Originally posted by: dullard
Originally posted by: waggy
seems silly to have family drive 4+ hours to come shop with me. but if they lived in town yes that would be a good idea.
See my last paragraph. It makes the gift all the better. Spending time with your family that is hours away multiplies the value of the gift. This is especially true if you can schedule it near the holidays.

does not change the fact htat is rude and dumb to have someone drive 4 hours to come shopping then drive 4 hours home.


 

Thraxen

Diamond Member
Dec 3, 2001
4,683
1
81
Originally posted by: dullard

Gift cards are simply NOT in the spirit of giving (putting the time and effort into getting to know someone so that you can give them exactly what they want) and are not the best gift to receive (the list of problems above plus many more). That is undeniable fact.

Again, cards show more thought than cash... and short of the person outright asking me what I would like, I would rather get a gift card than a gift I don't care to have or need. But, you're right, the best gift is when someone surprises you with something you truly love. Popular gifts for me are often books, movies, games, and pretty much any sort of electronics. That's the stuff I love. But unless the person has been to my house recently to browse my game/movie selection it can be hard to buy me a gift because I often buy the items I want on the day they are released. The problem is that even if someone knows I don't have a certain book/game/movie, all those items come down very much to personal taste, so who knows if I'll even want/like it? So I can't really blame people when they fall back on a Best Buy gift card. In fact, I prefer that to a game I hate or already have.

 

Insane3D

Elite Member
May 24, 2000
19,446
0
0
Originally posted by: dullard
Originally posted by: Insane3D
No, actually...it isn't. You can list out as many reasons as you want in that ultra boring, over analyzed posting method you use, but it still does not make it a fact.

You are trying to say a abstract description like "Horrible rude gifter" is a fact, and yet, a lot of people give them. Then in your post you put a whole list of reasons why it's not an "ideal" gift...which is not what you originally posted. I don't see anyone calling it a "ideal" gift.

Feel free to post another bullet list and over analyze my post to make it sound like your opinion is a fact.
You have now posted opinion about my posts. And, according to you, opinions are not not fact. In this case, your opinion is wrong (and yes opinions can be wrong). Case closed.

Nice sidestep dullard...

You posted...

Gift cards = horrible rude gifter

That is an opinion...you stated it as a fact.

I posted..

I love when someone's opinion is stated as fact...

You respond with a claim it is a fact, and post a whole bunch of reasons that you think makes it a fact, but in your list, you say they prove they aren't the ideal gift....which is not what you originally posted, or what I was commenting on. I agree it's a fact they aren't "ideal" gifts, but that is not what you posted.

Then you completely avoid what I posted and throw in a case closed like you won some debating match in high school.

:roll:
 

Kelvrick

Lifer
Feb 14, 2001
18,438
5
81
My mom gets gift cards because nothing we ever buy is just right. It ends up being exchanged/returned for cash anyway. That, and considering she often doesn't go out much, it gets her to go out to the mall and get out of the house for something aside from work. It also ensures that she gets some new clothes and such that otherwise she wouldn't get because she doesn't want to spend the money, or what we get her is just slightly wrong.
 

dullard

Elite Member
May 21, 2001
25,054
3,408
126
Originally posted by: waggy
does not change the fact htat is rude and dumb to have someone drive 4 hours to come shopping then drive 4 hours home.
So you will never ever see these people again?

If you will see them again, do it then. No extra trip necessary. You win.

If you will never see them again, then yes, making them drive 4 hours can be considered rude. But hey, you get to see long lost family. You win.

 

dullard

Elite Member
May 21, 2001
25,054
3,408
126
Originally posted by: Thraxen
Again, cards show more thought than cash.
Except, as the OP's article states, you don't get a gift card that you will use.

A gift card for you to a store that only sells a ballet tutu for cats won't show any thought.

Many gift cards are unused because people don't need the stuff from that store. That is because the gifter didn't use any meaningful thought when buying it. In that case, with no meaningful thought, get cash instead. I'm sure you'd rather have a movie than a cat tutu.
 

dullard

Elite Member
May 21, 2001
25,054
3,408
126
Originally posted by: Insane3D
You respond with a claim it is a fact, and post a whole bunch of reasons that you think makes it a fact, but in your list, you say they prove they aren't the ideal gift....which is not what you originally posted, or what I was commenting on. I agree it's a fact they aren't "ideal" gifts, but that is not what you posted.
What I originally posted included the implied facts. Plus it got attention, thus it is better than that dry bullet list of facts. Thus, I stick by my one liner. True + effective always wins. That stands, even if all the reasons for the true isn't explicitly stated.
 

Mayfriday0529

Diamond Member
Sep 15, 2003
7,187
0
71
It seems like the stores or bank companies issuing the gift cards will always win.

With cards that are locked down to a store like Best Buy or Circuit City you spend more to finish off the gift card. You get a $50 gift card and buy something worth $49.99 and you end up spending $54 with tax. If you don?t spend it all whatever left over you will have to pay over it to finish it or if you don?t care about the 30cents left over the store wins again.

With open cards like Simon Malls Visa cards it?s the same thing. These cards also have fines after certain amount of months. I also had issues wasting small amounts of money online with them. I once had $1.50 left on a card, went to purchase a 99 cent item on Staples.com with free shipping. The transaction was declines because Staples did a pre-authorization on the card for $1 to verify the card, lowering the amount to 50cents. Card was rejected and it took a week for Staples to finally fix it. That kind of stuff deters you from using the card with a low amount of money left.
 

Thraxen

Diamond Member
Dec 3, 2001
4,683
1
81
Originally posted by: dullard
Many gift cards are unused because people don't need the stuff from that store. That is because the gifter didn't use any meaningful thought when buying it. In that case, with no meaningful thought, get cash instead. I'm sure you'd rather have a movie than a cat tutu.

LOL... well, true. But that's exactly the same situation as a bad gift. Even if well intentioned, a gift you don't like really doesn't do you much good. And since you place actual gifts at the top of the list it's not really a good mark against gift cards as it would seem to place cash, the most impersonal gift, at the top. I still say cash is clearly the most impersonal and generally makes gift cards better. With gift cards you just need to know, in general, what a person likes. If you really don't know a person well enough that even a gift card doesn't cut it then I have to wonder why you are exchanging gifts with that person at all.

So it's outright false to say gift cards equals a rude gift giver. It clearly depends on the situation and the person. If I knew someone like you that was insulted by gift cards I would definitely avoid them. It's your problem if the gift I give you is worthless to you. Personally, I don't mind gift cards at all. All my friends and family know me well enough to know I'm not insulted by gift cards and they know what I like. As a result I generally wind up with several hundred dollars worth of gift cards to Best Buy and Barnes & Noble... which is alright with me.
 

Demon-Xanth

Lifer
Feb 15, 2000
20,551
2
81
<-- has $2.13 left on an AmEx gift card. Because of taxes, I'm waiting to run across something that costs $1.97 to buy.
 

redgtxdi

Diamond Member
Jun 23, 2004
5,463
8
81
IIRC, the state of California passed some law saying that gift cards/certificates can never expire. That once the cash is spent, it's cash.........indefinitely.


BUT..........I've also heard of some tricks where cards can depreciate and/or ????



Is this true??? (even in California?)
 

sdifox

No Lifer
Sep 30, 2005
94,943
15,086
126
Up here in Canada we are getting our gift cards to not expire or expire in a very extended time period, like 10 years or something. Of course, the companies can resort to constant restructuring to void gift cards.