Gift Card, as we all know, is a prepaid stored-value money card, usually issued by a retailer or bank, to be used as an alternative to cash for purchases within a particular store or related businesses available on various sites like PrizeHog. Gift cards are generally redeemable only for purchases at the relevant retail premises. They cannot be cashed out, and in some situations, may be subject to an expiry date or fees.
A feature of these cards is that they are generally anonymous and are disposed of when the stored value on a map is exhausted. From the purchaser’s point of view, a gift card is a gift, or you can say a little happiness for them, sometimes small things make us happier, and a Gift Card is one of them.
Now let us see some facts, a gift card may resemble a credit card or display a specific theme on a plastic card the size of a credit card. The card is identified by a particular number or code, not usually via individual name, and thus could be used by anybody. They are backed by an on-line electronic system for authorization. Some gift cards can be reloaded by payment and can be used thus multiple times.
Cards may have a serial number, barcode, magnetic stripe, which is read by an electronic credit card machine. Many cards have no value until they are sold, at which time the cashier enters the amount which the customer wishes to put on the map. The magnetic strip is also often placed differently than on credit cards, so they cannot be read or written with standard equipment.
Gift cards can also be individually custom-tailored to meet specific needs. By adding a custom message or name on the front of the card, it can make for an individualized gift or incentive to an employee to show how greatly they are appreciated.
Gift cards have become increasingly popular as they relieve the donor of selecting a specific gift. In 2012, nearly 50% of all US consumers claimed to have purchased a gift card as a present during the holiday season. In Canada, $1.8 billion was spent on gift cards, and in the UK is estimated to have reached £3 billion in 2009, whereas in the United States about US$80 billion was paid for gift cards in 2006.
The recipient of a gift card can use it at their discretion within the restrictions set by the issue, for example, as to validity period and businesses that accept a particular tag (Source-Wikipedia).
We are usually too excited to think about what we should NOT be doing with the gift card that we just received!
I may be a distraction crash in the moment of ecstasy if we don’t plan or think consciously about what or what not to do to reap the benefits associated with that card. There are many ways to use your gift cards, but using it safely ensures a claim.
While it’s never a bad idea to think a little before spending it, it’s only going to get you things you’d enjoy.
Here are the six things you wouldn’t do with your Gift Cards
Carrying Them In Your Smartphone
Do not carry your gift card with you wherever you go, as you may end up losing it. Instead, you can keep it on your phone using various apps out there for that purpose. Today, the digital world has taken over us in so many ways. Why not use it to our benefit and make life easier and regret free? Because if you always carry them with you and drop it somewhere, guilt is sure to follow. So, It’s better to be safe than to be sorry!
Just think about it, why would you carry the card if you can take it on your mobile phone. Everyone wants to be modern, but sometimes we ignore these small old-fashioned things.
No one wants their card to be stolen by someone who misuses it. Sometimes it is not just a card; it could be a present from someone famous.
So please don’t make your wallet bulky and avoid carrying a Gift Card with yourself. It could be a big mistake.
Ever thought of donating your Gift Card? I don’t think so. But you can do it. If you don’t have any use for the gift card, then donating it would be a great option rather than letting your gift card go to waste. There are many Non-Profit Organizations where you can give the card. They can use the map to buy things that can be of use to the organization. It may also prove to be helpful for them for raising funds!
Yes, you are bringing smiles to some faces, the Gift Card may not be of so much importance to you, but they can be a source of real happiness for someone needy. If you believe in charity, then please donate it. Even if your card has a partial balance, most charities will happily accept it.
Always try to think something out of the box because, in today’s world, everyone wants to make their benefit. People often refuse to take responsibility. This is something for which you will always be blessed by everyone, and we all know that if “We do good, we will get good”.
If you’re unhappy with the issuer’s refund policy, you might want to take a look at this option. The word ‘Gift card’ says it all. Just give it to someone who you think might get some benefit out of the card. Of course, this also means that you might not get anything close to the value of the card. But at least you will be able to meet a gift obligation to someone else without actually losing anything from your pocket.
So wrap it in a beautiful paper, and give it away!
Make your loved ones happy without making your pocket light. Clever.No?
At least don’t make your Gift card go waste if there is another way to make it use even if it is used by someone else, just let it be.
Use It To Purchase Things That You Can Sell Later
Ok, so time to be a little selfish. Some of you might know this idea and believe me, and it is one of the best ways to use your Gift Card. This is a great idea in which you can earn some profit. You can purchase items using the gift card you own at a discounted rate and resell it to someone at your price.
You can also sell these items on online platforms such as eBay, where you can securely sell your product to a genuine customer, and you get to keep the extra cash in your pocket! It’s a win-win situation.
It is like a business, you purchase items from somewhere, and then you sell it at a considerable rate to somewhere else. It will also help you in understanding business and how the deals are made. This method will always give you a profit at the end of the day, that’s why I was saying that this is the best method to use your Gift Card.
Use Give Card Exchange Websites
Another awesome thing you can do is exchange your card at websites. There are many websites where you can exchange your voucher for another one you may use. You may exchange your ticket for another one that might cost a little more, so you might end up spending a little money in the exchange process, OR you can exchange your card for another one which is of a lesser value, and you may end up with some cash for yourself!
It seems to be not a very good idea for using your Gift Card, but still, it is somehow better than just wasting it in the corner of a drawer. There are several websites present which take these Gift Cards, you can google them and can make a deal, always try to make a deal that makes you some profit other than making you lose some penny of yours.
Return The Gift Card To The Retailer
This is the most preferred way to deal with a gift card that you might not use, but it may be a bit complicated. The retailer might take the gift card back but might not give you a 100% refund. You might get a 90% refund or less.
Sometimes, the retailer might ask you for the purchase receipt, which can make things a bit awkward, considering you got the card as a gift. Other times, the retailer might offer you an in-store credit, which is of little to no use unless you buy something from their store or one of their outlets.
The best thing to do in such a condition is to ask the person who gave you the gift card for the purchase receipt to get a refund. It will be a little awkward, but in the end, it’s worth it.
Whatever you do with your gift cards, the worst thing you can do is let them sit and expire until they’re of no use. So now you know that you can do so much more with gift cards that are so profitable than let them expire and go to waste!
I hope this article helped you get more use of the tickets you’ve been collecting. Cheers!