It may expire if you don't use a gift card within a specific timeframe. However, in most cases, the card will sit unused. The funds on the card will be available anytime, but the card itself may not have any value if it's not used within a specific timeframe.
When you receive a gift card, there's usually an expectation that you'll use it. But what happens if you don't? In some cases, the card may expire or you might transfer the funds to another account. However, in most cases, the gift card will sit unused. So what happens to those cards?
The gift card may expire if you don't use a gift card within a specific timeframe. For example, if not used, Petsmart gift cards expire 12 months after purchase. If your card has expired, you won't be able to use it, and the funds on the card will be forfeited.
In other cases, the funds on an unused gift card may be transferred to another account. For example, the company may transfer the funds to a new account if you have a gift card from a store that goes out of business. Alternatively, the company may issue a refund for the card's value.
In most cases, however, unused gift cards will sit idle. The funds on the card will be available anytime, but the card itself may not have any value if it's not used within a specific timeframe.
If you're unsure whether you have a balance on your gift card, you can check online or by calling the customer service number. You'll need the card number and PIN (if applicable) to check online. With this PIN, you can typically go to the company's website and enter the information to check the balance.
To check by phone, you'll need to call the customer service number on the back of the card. Once you're connected with a customer service representative, they'll be able to tell you the balance on your card.
If you have an unused gift card, you can do a few things with it. They include:
You can hold onto the card and use it at a later date. This is a good option if you're unsure when you'll need the funds or want to ensure the funds don't expire.
Sell the gift card for cash. Several websites allow you to sell gift cards, and you can typically get a portion of the card's value in cash.
Donate the gift card to a charity. This is a good option if you don't need the funds and want to help a worthy cause. Reach out to customer support when something arises.
If you have a gift card that you want to use, you can typically redeem it online or in-store. Keep your card number and PIN safe as you'll need them. Once you have that information, you can proceed to redeem the card. To redeem in-store, you'll need to present the card at the time of purchase. The cashier will scan the card and apply the value to your purchase.
Keep in mind that some gift cards may have restrictions on how they can be used. For example, some cards can only be used for specific items or services. Check the terms and conditions of your card before redeeming it. Engage customer support when an issue emerges.
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