Gift cards: the good, bad and unwanted - FOX 35 News Orlando

Gift cards: the good, bad and unwanted

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Gift cards are a very popular gift to give, but are the perfect present?

Fox's Steve Noviello says maybe not.

He discusses Yahoo! Finance's list of some of the best and worst gift cards and suggests what you can do if you receive one you don't want.

On the good list:

American Express gift card: These can be used anywhere American Express is accepted. The card costs $4, but it has no expiration date. American Express also will replace it if it's lost or stolen, a rarity in the gift-card market.

Gap/Old Navy/Banana Republic gift card: Because all three brands are owned by The Gap, a gift card for one store is good at the company's other stores. These cards have no expiration date, no fees and the company ships for free. A big plus: If there's a balance on your gift card and you can't find another item you'd like to purchase, you can get a check issued to you for the balance on the card.

On the bad list:

American Airlines gift card: Because rumors of a merger with US Airways have been swirling around this airline, it may not be around in its current form by the end of the year. Routes could be eliminated.

Sears or Kmart gift card: Sears was on the bad list last year, and its outlook hasn't changed. Kmart is a slightly better bet, but both companies are on shaky ground.

Did you receive a gift card you don't want? Or want to purchase a gift card at a discount? Try these websites: Users can sell gift cards or buy unwanted gift cards at a discount. But what sets this site apart is that the company has physical service centers nationwide that will give you cash on the spot. Go to the website to find out more. The site offers top dollar for unwanted gift cards, and users can buy discounted gift cards.

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