CNBC Select looks at ways to avoid gift card scams and how to get your money back should you fall victim to one.

A gift card scam called card draining is spanning California and other regions across the country. Here's what you need to know. What to know 📋 How to talk money 🤑 💸 to your 📩 See top ...

nComm Financial Services, a Georgia-based company that makes many of the popular gift cards sold in stores and its partner banks are facing a lawsuit filed by San Francisco City Attorney David ...

Ally Bank surprises shoppers with gift cards 00:46. All 50 states and the District of Columbia have unclaimed property programs. Combined, they return around $3 billion to consumers annually, says ...

Shoppers planned to buy three to four gift cards, spending about $50 per card, the group said, boosting total gift-card spending in 2023 to $29.3 billion, up from $28.6 billion last year.

In a July survey, Bankrate found that 47% of U.S. adults had at least one unused gift card worth an average of $187. That's a total of $23 billion in unspent money.

If you believe your gift card was stolen from the mail, contact U.S. Postal Inspectors to report the theft (877-876-2455). Tips for protecting your gift card mail Consider using a padded envelope.

How to get your money back if you sent a scammer gift cards. According to the Federal Trade Commission, some gift card companies have begun freezing fraudulent gift card funds so criminals can’t ...