CLEVELAND - If you haven't figured out what to get someone for the holidays, a gift card might be a great idea. The cards retain value longer thanks to legislation in the last few years. This is also a good time of year to clean out your old cards in your wallet, and sell them if you don't plan to use them. If you want a discounted one, you may be able to buy one cheaper than face value.
Joe Daugirdas, also known as Joe the Coupon Guy , said he's even gotten money for gift cards that have expired. He renewed one by going to the website on the back of the card and reactivating it.
Gift cards expire in five years, if they expire at all. You can't be charged fees until the card has been inactive for a year.
Daugirdas said many local restaurants and businesses offer bonus gift cards if you buy a gift card for the holidays. For example, buy a $50 card, get a $10 bonus gift card.
If you know a foodie, try the Feed it Forward program through Restaurant.co m . It began in 2008, and allows you to give a free $10 Restaurant.com eGiftCard to family, friends, and businesses. The catch is that you have to spend a certain amount of money to redeem the $10 certificate. It varies by restaurant but often it's around $20.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Consumer Advocate Stories
This is Cyber Monday and financial experts predict as much as two billion dollars will be spent online by millions of shoppers. Businesses right here in northeast Ohio are benefiting from what's known as the "Black Friday of the Internet."
Billions of dollars are expected to fly around the Internet during Cyber Monday which is the World Wide Web's version of Black Friday. Those kinds of numbers have the attention of not only businesses, but criminals, too. There are fake websites, emails, and pop-up, but we have the On Your Side tips to keep your transactions safer.