There is still a large number of unused Linens n’ Things gift cards out there, tens of millions of dollars worth. Although the Linens n’ Things bankruptcy was highly publicized many unlucky consumers were left holding Linens n’ Things gift cards when the company went under. So what can you do if you still have a Linens n’ Things gift card? Are the Linens n’ Things gift cards worth anything? What can you do in the future to make sure you are not left holding a worthless gift card? We will answer all of these questions and try to find the optimal solution to this problem.

What can you do with Linens n’ Things gift cards?

If for some reason you are reading this while standing you had better sit down. We are sorry to inform you that the Linens n’ Things gift card you own is now worth the price of the plastic in the gift card. If you had a very large gift card you may still be able to get some cash from it, but if your card was in a lower denomination you might want to consider using it for some sort of arts and crafts project. Several other retailers who are still in business allow you to recycle gift cards in their stores. Look up a retailer in your state and do the environmentally friendly right thing with your piece of plastic.

Are Linens n’ Things Gift Cards Worth Anything?

Linens n’ Things has re-launched as a website, but cards issued by the retail store Linens n’ Things will not be honored. The website does not offer any gift cards, so essentially every single Linens n’ Things gift cards are useless on the site. Basically Linens n’ Things gift cards are worthless, every one of them. Linens n’ Things gift card holders can make a claim on what is left of the company’s assets. Consider a Linens n’ Things gift card to be like a share in the company…a really weak share that gets what’s left after every other form of shareholder is paid. If you have a Linens n’ Things gift card worth a couple thousand or tens of thousands of dollars it might be worth filing a suit against whatever is left of the company, just don’t forget those expensive legal fees! What we are trying to say is your Linens n’ Things gift cards are completely useless.

How Can You Make Sure You Gift Cards Do Not Become Worthless Pieces of Plastic?

With the way the economy is shrinking you can expect many more retailers to go bankrupt. In the future consumers may not have as much of a warning of a retail gain collapsing as they did with Linen n’ Things bankruptcy. The best thing consumers can do is use their gift card immediately or sell the gift cards. If you are not planning on using a gift card soon get cash for your gift card. It is not worth hanging on to a card that you will forget about, lose or have the store go bankrupt on you. Its much smarter to sell unwanted gift cards for cash, you can always invest the money you get or use it to buy something you actually need.

The best place to sell gift cards online is Giftah, the gift card marketplace. Let thousands of dedicated users bid on your card. After a short auction you will have real money for your gift card, not some weak promissory note belonging to an even weaker corporation. Free your purchasing power by selling your gift cards before it’s too late.

Gift cards are a popular choice for gifts, when you are not sure what to get someone a gift card to a popular store can be the perfect gift. Few people give any thought to the financial stability of a store when they purchase a gift card, but with the current economic downturn bankruptcy of retailers has become a very common occurrence. If you think your gift card will be protected from a company’s creditors think again!

When major retailers go out of business the gift cards are worth nothing, they become a useless piece of plastic. When the Sharper Image filed for chapter 11 bankruptcy they no longer accepted gift cards. Finally after a battle the Sharper Image offered consumers the chance to use their gift cards as a 50% off coupon. Several months later all the retail locations were closed and the cards were worth nothing.

Linens ‘N’ Things went bankrupt in later 2008 forcing many of its consumers scrambling to use their gift cards before the inventory was gone. When Linens ‘N’ Things finally closed its doors over $100 million in gift cards was lost forever.

There are a few things consumers can do to protect themselves. Do not buy gift cards for stores you know are having financial trouble, use your gift cards as quickly as possible and sell gift cards you do not plan on using anytime soon. There is no reason to hang onto gift cards for more then a couple weeks. If you really need a gift card use it, if you do not need it sell your gift card for cash. Giftah will get you cash for your gift cards, just sign up for the site and you will be connected to thousands of people who want to trade you cash for your gift cards. Don’t risk losing your gift cards value to bankruptcy sell it, use it or lose it!