Shoppers warned not to give out gift cards as presents this Christmas
As the festive season approaches, shoppers have been warned against giving gift cards out as presents this year.
The warning comes as there’s no guarantee that you’ll be able to use them, if the gift card’s retailer was to go bust.
According to Which? one in ten who received gift cards in the last two years, received them for companies that went bust.
And a survey of 2,000 shoppers found that 7% received a gift card for a retailer which has collapsed since March 2020.
Lisa Webb, Which? consumer rights expert, said: “While often a popular choice for hard-to-please friends and family, Which? is advising consumers to think twice before buying gift cards this festive season.
“With the economic outlook uncertain, you could be left high and dry if the company goes bust.
“If you receive a gift card for Christmas, make sure to carefully check the small print to find the expiry date and make sure you won’t face any unexpected charges if you don’t spend your voucher quickly.”
Find out more here.