Update 11/23/20: Guitar Center has now filed for Chapter 11 bankruptcy. They’ve confirmed that gift cards will continue to be honored through the bankruptcy process. h/t EW
There have been rumblings for the last few weeks, but it’s looking increasingly likely that Guitar Center will be filing for Chapter 11 bankruptcy in the coming days.
There’s been a handful of deals on Guitar Center gift cards over the last couple of years, so it might be that you’re still holding on to some from those past deals or just for personal use seeing as some grocery stores also sell Guitar Center gift cards.
The good news is that Guitar Center has confirmed that they’ll still be honoring gift cards through the bankruptcy process if it goes ahead, so there’s not necessarily any need to redeem the cards immediately. Having said that, any time a company files for bankruptcy it’s because they’re in financial strife, so redeeming the gift cards to ensure you get value out of them certainly isn’t a bad choice.