As you’ve likely heard, Toys R Us is going out of business and closing all of its remaining stores. USA Today has reported that stores will accept gift cards for the next 30 days: gift cards should work through April 13, 2018.
If you’re holding onto gift cards, it’s probably not wise to do so for long. Liquidation sales will likely draw in crowds who may well buy up most of the worthwhile merchandise before it hits a deep discount. Speculators may look to buy gift cards at a steep discount to buy discounted merchandise to flip, but that will certainly be risky business.
In anticipation of something like this coming my wife placed an order last night using up Toys R Us gift card money we received from our baby registry. While I’ll be shopping liquidation sales as much as anyone else, I wouldn’t want to get stuck with unusable cards.
H/T: Doctor of Credit