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The Danger of Gift Cards

giftcards_com.jpgThinking of using that gift card that was given to you? You better hurry up! If you're holding a gift card from a bankrupt retailer such as the Sharper Image or Linens 'n Things, you may as well keep it as a souvenir.

If you're holding a gift card from a retailer that might be in trouble soon it's best that you spend ASAP. A telltale sign that a retailer might be in trouble is if their Moody's rating falls below investment grade. Companies currently in this quandry include Blockbuster and Petco among others. If you have a gift card that you just want to get rid of, try Plastic Jungle

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This page contains a single entry from the blog posted on July 17, 2008 10:55 PM.

The previous post in this blog was Ask D.E. - Bank Failures.

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