The Borders stores have unfortunately announced that they will be closing. They have sent an email stating that ALL Border Bucks (their rewards, not gift cards) will expire 7/31/11. Hurry and use them before they expire.
On a positive note for deal seekers, Borders has begun their liquidation discounts. Right now, you can save up to 40% on everything. We're gonna wait a while for the 75% and more markdowns.
Borders has said that they will accept gift cards up until store closing.