Why you shouldn’t buy restaurant gift cards this holiday season

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Why you shouldn’t buy restaurant gift cards this holiday season
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Gift cards are some people’s go to item for the holidays. They’re easy to find, there’s a good variety, and who doesn’t’t love a free meal? However, you may want to think twice before you buy a restaurant gift card this holiday season.

Read more: Don’t buy these gift cards this holiday season

Many restaurants are closing

People aren’t eating out as often. Instead, they’re saving money by shopping at the grocery store. This is particularly hard on restaurants, whose labor costs are high leading to many closings across the country. So, if you’re thinking of buying a gift card this season you might want to reconsider because by the time the person goes to use the card, the restaurant might be out of business!

If you’re still set on buying gift cards this year keep these things in mind.

Read more: 3 tips to get the most value out of gift cards

Stick to the chains

Chain restaurants are still closing but not as often as independent restaurants. So, if you want to take the risk of buying a restaurant gift card consider buying one for a more popular chain restaurant.

Check out the parking lot

If you’re worried about a restaurant closing in the near future, check out the parking lot on a Friday or Saturday night. That will give you a good indication of how the restaurant is doing before you decide to buy a gift card.

Read more: Your local Ruby Tuesday may be closing very soon

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Clark Howard About the author:
Clark Howard is a consumer expert whose goal is to help you keep more of the money you make. His national radio show and website show you ways to put more money in your pocket, with advice you can trust. More about Clark
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