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Re:The economics of unused gift cards by JohnFen on Monday January 06, 2020 @02:52PM (#21972525)
I hate getting gift cards. If someone feels the need to give me a gift but doesn't want to put thought into it, cash would be a much better choice.

When I do get a gift card, what I end up doing is giving it to someone else who would appreciate it more. Or, if I can't find such a person (it tends to be 50-50), then I sell it through a local classified ad site for 50% of the value it contains.

Re:The economics of unused gift cards by nkrisc on Monday January 06, 2020 @03:51PM (#21973172)
I'd rather get gift cards because I can't stop people from giving me more stuff. I don't want stuff, I don't need more things. At least gift cards don't take up room or are easy to gift to someone else who might need it.
Re:The economics of unused gift cards by OnlineGladiator on Monday January 06, 2020 @04:09PM (#21973344)
I think his point is cash is always better than a gift card. It's a weird social norm that giving cash is lazy (which is arguably true), but what person doesn't like cash? Unless you're gifting $100 to a billionaire, there's no question of its utility and there's zero worry whether or not the recipient actually finds the gift useful.
Re:The economics of unused gift cards by minblaster on Monday January 06, 2020 @04:21PM (#21973467)
I think gift cards have the implied context of “treat yourself”. Ie I might give a gift card for your favorite restaurant. The cash might just be used at the gas pump or buying groceries.
Re:The economics of unused gift cards by JohnFen on Monday January 06, 2020 @04:49PM (#21973767)
> I might give a gift card for your favorite restaurant.

Wouldn't the much better gift be to take them out for a meal at their favorite restaurant?

> The cash might just be used at the gas pump or buying groceries.

If someone gives me some money and I spend it on gas or groceries, then I clearly need the gas or groceries the most at that time. I don't see the problem with that.

But my main point, really, is that both cash and gift cards are (generally speaking) terrible gifts because they don't have the one thing any great gift needs: to indicate that the person cares about you enough to put some thought into the gift. The actual gift isn't the thing itself, it's the time and attention put into the thing.

But between the two poor choices, I consider cash to be the better option.

Re:The economics of unused gift cards by derefr on Monday January 06, 2020 @07:00PM (#21975038)
> Wouldn't the much better gift be to take them out for a meal at their favorite restaurant?

You're thinking of gifts for local friends/relatives. Think of your grandmother who lives 5000 miles away and has never been on a plane. Can she take you out to eat on a whim? No. But she can connive to get you to take yourself out to eat, and think of her as you do so, making you perhaps a little more likely to take a 5000-mile flight to visit her one day. This is the use-case that gift-cards serve.

Re:The economics of unused gift cards by JohnFen on Monday January 06, 2020 @07:39PM (#21975359)
> This is the use-case that gift-cards serve.

That's a reasonable use case (although I still think there are much better options).

However, that's not the sort of use case that is usually involved when people give gift cards.

Re:The economics of unused gift cards by oeuviz on Tuesday January 07, 2020 @08:50AM (#21979836)
poor granny
Re:The economics of unused gift cards by NullPrefix on Monday January 06, 2020 @04:32PM (#21973568)
Nice groceries isn't treating yourself?
Re:The economics of unused gift cards by klipt on Monday January 06, 2020 @04:34PM (#21973592)
Money is fungible. If someone gives you $20 are you specifically going to pick out $20 of "nice groceries" or just pocket it and forget exactly what you end up spending it on? I know I would probably do the latter.
Re:The economics of unused gift cards by nkrisc on Monday January 06, 2020 @04:42PM (#21973684)
I agree with that. Cash would be superior in about every meaningful way. I only specifically mentioned gift cards based on the context of the discussion.
Re:The economics of unused gift cards by JohnFen on Monday January 06, 2020 @04:19PM (#21973449)
Cash doesn't take up much room, is easy to regift, and is much, much more versatile!
Re:The economics of unused gift cards by s_dev on Monday January 06, 2020 @04:39PM (#21973644)
> cash would be a much better choice.

Cash is often spent on normal things (or things the giver might disapprove of e.g. alcohol) rather than "something nice" -- Gift Cards are a good middle ground between paying someones electric bill or getting them a jacket that doesn't fit or suit their wardrobe.

Re:The economics of unused gift cards by ljm on Monday January 06, 2020 @03:42PM (#21973072)
They’re a lazy gift because somehow offering cash direct has become a problem. So just spend the same money but make sure a retailer has already profited from it.

Direct cash is infinitely better than deciding where someone much spend money at.

No gift at all and the promise of a good moment together is even better than that. Enjoy your time, not your possessions.

Good old consumerism in action.

Re:The economics of unused gift cards by leetcrew on Monday January 06, 2020 @03:52PM (#21973179)
cash is a good present only when the giver is sufficiently wealthy that they can give you a meaningful amount of it without expecting you to respond in kind. when people give me cash I tend to just put it in my pocket and forget about it, spending it down on random daily expenses. when someone gives me a gift card, I usually buy a specific item that I will then associate with that person and think of them when I use it.

I'd rather get cash from my proverbial rich uncle, but I'd prefer a gift card from a friend. honestly my favorite way to exchange presents with friends is just to tell each other exactly what we want. then we each get a useful thing that reminds us of our friendship.

Re:The economics of unused gift cards by ALittleLight on Monday January 06, 2020 @04:18PM (#21973430)
What's the point of telling each other exactly what you want and buying the other's thing? Seems like just swapping the chore of purchase to me.

In my family, for Christmas, everyone fills out a short questionnaire (hobbies, goals, what are you learning, where are you going, favorite authors/genres) then we use the questionnaires to guide gift giving. This way, there's still room for creativity and thoughtfulness in gift giving, but it's guided by the responses. Plus, it's fun to read everyone's answers and you can give gifts that line up with multi-year trends after a while.

Re:The economics of unused gift cards by nkrisc on Monday January 06, 2020 @04:45PM (#21973714)
Agreed, what's the point, indeed? My wife and I have just forgone buying gifts for each other entirely, unless one of us happens to think of something that would just be perfect for the other, without any calendar restriction.

But we no longer feel like we have to buy something for the other on some arbitrary date looks like a birthday or holiday.

It's so freeing. Bonus: we have less stuff in our house.

Trying to implement this with my extended family. We still but gifts for the kids though, they enjoy it.

Re:The economics of unused gift cards by Andrex on Monday January 06, 2020 @04:24PM (#21973498)
If it works for you, all the more power, but this sounds about as warm and loving as a chemistry test.

If we boiled everything down to sheer logic we wouldn't celebrate Christmas at all. The point isn't necessarily what makes the most "sense," it's about tradition and good feelings.

Re:The economics of unused gift cards by leetcrew on Monday January 06, 2020 @05:32PM (#21974214)
the point is you think of the other person when you use their gift. it makes an item that would have been mundane, had you purchased it for yourself, a little more special.

your system sounds nice too though, just a little more effort than I want to put in.

Re:The economics of unused gift cards by ljm on Monday January 06, 2020 @03:57PM (#21973219)
As I ended my first post with, I’d take no gift at all over any of that. I’d rather have a good memory or a connection.

For the most part Christmas gifts are about balancing an equation by buying each other shit you don’t need and then hoping your spend cancels each other out. If it doesn’t, resentment and drama.

You can both spend/save the exact same money together by buying nothing. Club together on food, drinks, hospitality. Get some good ingredients and booze, some stuff for the kids, and then help make it happen.

Don’t bother trading things you would have already bought yourself.

Unless you’re a child.

Re:The economics of unused gift cards by JohnFen on Monday January 06, 2020 @04:01PM (#21973263)
> As I ended my first post with, I’d take no gift at all over any of that. I’d rather have a good memory or a connection.

I agree entirely with this. This is why my social circle (and most of my family) has a "no gifts" rule around gift-giving holidays and events (children excepted). But not everyone follows that.

Re:The economics of unused gift cards by ljm on Monday January 06, 2020 @04:11PM (#21973368)
I tried it with my family and they still insisted on offering gifts. I couldn’t take them in good conscience and eventually I left that family,

I’m happier now than I was playing their game. The only time I do gifts now are because I genuinely, altruistically, want to share something.

Re:The economics of unused gift cards by JohnFen on Monday January 06, 2020 @04:24PM (#21973496)
> The only time I do gifts now are because I genuinely, altruistically, want to share something.

And that is the sort of gift that actually has meaning!

I frequently give gifts to my friends and family, but rarely around some sort of event. It happens when I see something that I know a particular person would love, so I get it and give it to them.

I think that makes the gift truly meaningful. Not because its actually personalized, but because it demonstrates that I was thinking about them at a time when I was not expected to be.

Re:The economics of unused gift cards by amflare on Monday January 06, 2020 @03:52PM (#21973175)
Not necessarily. If I give my mother $50 for a spa place, I'm gifting her a relaxing day that she might not be able to budget for or otherwise justify. If I gift her $50 cash, it's probably going to get used as part of next week's grocery budget if not lost in her purse entirely.
Re:The economics of unused gift cards by JohnFen on Monday January 06, 2020 @03:56PM (#21973217)
> If I give my mother $50 for a spa place, I'm gifting her a relaxing day that she might not be able to budget for or otherwise justify.

If you know that your mother enjoys that particular spa, then I agree, it's a good, thoughtful gift -- basically that's the right way to use gift cards/certificates.

That's not how they're used for the most part. For example, 90% of the time when I'm given a gift card, it's for Amazon -- the thought behind that is precisely the same as it would be for cash, except that I am now constrained to using it on Amazon rather than somewhere else that may be a lot better for me.

Re:The economics of unused gift cards by ghaff on Monday January 06, 2020 @05:07PM (#21973987)
People give Amazon gift cards because they think of them as basically giving cash without giving cash. I know it's not universal but, for me, an Amazon gift card just gets deposited straight into my Amazon account and applied against new orders until it's gone.
Re:The economics of unused gift cards by JohnFen on Monday January 06, 2020 @07:41PM (#21975378)
> People give Amazon gift cards because they think of them as basically giving cash without giving cash.

For people who think of them that way, it just raises the question -- then why not give cash? Cash is much more useful.

Re:The economics of unused gift cards by ljm on Monday January 06, 2020 @04:13PM (#21973382)
Well, why not talk to them and say you’ll make the spa happen rather than buying a voucher? A gift card is a crap surprise so why not communicate and say that for Christmas, you’ll make their spa trip happen. Then you go and book it or make arrangements. Like you would before gift cards existed. Sort it out for them so they don’t have to do it themselves.

If she takes 50 bucks and uses it in groceries it’s because she needs them. If you arrange a spa day outright then it’s not a question of money.

Re:The economics of unused gift cards by mirimir on Monday January 06, 2020 @05:29PM (#21974192)
Well, I hate gifts. Because very few just come out and ask what I want. So I mostly get something that reflects their image of me.

And about selling gift cards. You can get more than 50%, if you sell for Bitcoin etc on /r/BitMarket.

Re:The economics of unused gift cards by JohnFen on Monday January 06, 2020 @07:33PM (#21975310)
> So I mostly get something that reflects their image of me.

That fact is one of the main things that I value about gifts!

> You can get more than 50%, if you sell for Bitcoin etc on /r/BitMarket.

I don't want Bitcoin. I can get more than that other ways, too, but they all involve more time and effort, turning the card into a burden.

Selling the card locally for half off means that I can unload the thing quickly without any real hassle.

Re:The economics of unused gift cards by mirimir on Monday January 06, 2020 @08:03PM (#21975590)
> That fact is one of the main things that I value about gifts!

I'm happy for you.

Me, I've gotten some baffling gifts.

Re:The economics of unused gift cards by JohnFen on Wednesday January 08, 2020 @12:41PM (#21993763)
I suppose that I look at gifts differently than a lot of people. For me, the gift itself isn't really the important thing, and it doesn't matter what it actually is. The important thing is the thought (as trite as that sounds), and what the gift reveals about the giver and my relationship to them.

In other words, I think of gifts as a kind of communication.

Re:The economics of unused gift cards by jkestner on Monday January 06, 2020 @04:53PM (#21973802)
Of course there’d be a marketplace for this. Raise.com may give you a better return.
Re:The economics of unused gift cards by mettamage on Monday January 06, 2020 @04:27PM (#21973523)
You give people gift cards to force them to buy a certain gift. That’s why I would buy a gift card, if I’d ever do that.

What I do: buy a discounted expensive item in bulk and hand it out as a gift (e.g. Happy Socks).