Gift cards are big business for retailers and restaurants around the holidays. How big? It’s estimated that nearly 82 percent of shoppers will purchase at least one gift card as a gift this holiday season, according to the National Retail Federation. And the average amount spent by consumers on gift cards is predicted to be around $150. Total spending on gift cards this year is expected to reach nearly $29 billion!
Many consumers like gift cards because they are a fast and easy gift. Many people like to get them, too. And during the holiday season, many restaurants and retailers offer special bonuses or freebies to entice consumers to purchase gift cards. Thinking about giving a gift card or two this holiday season? Here are some great tips from the Better Business Bureau to make sure you’re buying wisely!