Gift Cards Pros and Cons

Gift cards use to be available only at particular stores and at a given time of year. However, things have change. You can find gift cards all over, You can even check your gift card balance online. So, why are gift cards so popular? Gift cards give the receiver a way to pick out what they want!

Did you know that nearly 1/3 of us will give gift cards as a present this year? Well, it’s true. Gift cards from credit card companies (like Visa) and department stores (like Wal-Mart) are popular. The problem coming in the form of the fine print. How many people actually read the fine print of a gift cards? Not many.

Gift card fine print detail the rules, fees, and penalties of each gift card. Gift card fine print are not all the same. The good news is that gift cards are less restricted than in previous years. Between competition, state laws, regulations from the FTC gift cards are more user friendly.

Gift Cards Pros and Cons

• Read the fine print before your purchase
• Double check for activation fees
• See if the gift card can be extended
• Does the gift card charge a maintenance fee
• What will happen if you lost your gift card — is there a replacement fees?
• Is the gift card redeemable for cash
• Are there any purchase exceptions

Gift Cards

A good recommendation is to purchase a Visa gift card that allows you to used them anywhere that accepts credit cards.

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