Sunday, October 26, 2008

PSA: Don't Give Gift Cards as Presents!

Found via Grammer Girl's twitterfeed: cards are not cash. Gift cards are actually a form of debt issued by the company, just like a corporate bond. This means that if a company goes bankrupt and is able to release itself from obligations including debt and bond holders, the gift card is immediately null and void.
So if anyone wants to give me a gift card this holiday season, I would really prefer the greenbacks.

Link to brief article.

(The real question is, did I post this more out of concern for my readership, or more out of concern that Districted had fewer posts than its sister blog, Hatandcoat?)

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