5 things to know about gift cards

5 things to know about gift cards

Want to find out things to know about gift cards?

 

I am very sure you don’t think about gift cards as much as we do here at Nosh.

 

As gift cards keep increasing in popularity, they are also becoming more versatile. You can issue it out digitally, sell the ones you are no longer using, or swap them for another retailer.

 

If you are planning to get a gift card, here are some of the key things to know about gift cards.

 

1.   Gift cards do not have hidden fees

Generally, gift cards do not have hidden fees. According to the federal CARD Act of 2009, protections were established around gift cards. This prohibited dormancy fees. For gift cards, this fee refers to losing some value on the card.

 

Under the federal CARD Act, states can add further consumer protections.

 

2.   Not all merchants offer gift cards

Gift cards are offered by most major retailers and restaurants while smaller businesses don’t. If you want to buy a gift card from a business that does not offer one, you can buy an old-school gift certificate (although it may have an expiration date amongst other restrictions).

 

3.   There is a solution for gift cards that do not work

Once in a while, you may discover that your gift card is not useful when you try to use it. What should you do when you find yourself in this situation?

 

You need the activation receipt. The error might have emanated from not activating the card properly. The slip of paper will prove that the card was activated and you can return it.

 

If you need to return a malfunctioning gift card, then you need to talk to the company that issued it. If a store issued the card to you, take it back to the store. If it was issued by a bank, call the bank via the toll-free number on the back of the card.

 

4.   You can get a discount when you buy gift cards

Generally, you will pay full price for gift cards at a store. However, some websites and apps give discounted cards or cards with cashback deals. Some of these websites include GiftCards.com, GiftCardGranny.com, Cardpool.com, CardCash.com, and Raise.com.

 

5.   You can digitally store your gift card information

If you don’t have enough space in your wallet or you forgot to take along your gift cards while heading for the store, you can store your gift card for free on apps like Gyft, Google Pay, or Stocard. Simply enter your gift card information on these apps. You can then use your gift card on the apps by finding the right gift card information while the cashier scans the barcode that comes up.

 

Conclusion

There you have it; 5 things you probably don’t know about gift cards.

 

These facts may inspire you to read all you can about these little items. So, go ahead and explore the benefits that they have to offer.

 

Here you can read about how to sell your gift cards online. Or you can check out the pros and cons of gift cards.

 

Ready to redeem your gift cards? Download Nosh to get started!