If you’re lucky enough to receive a gift card from a friend, it’s important to use it thoughtfully and effectively to get the most out of it. In this article, we’ll share six tips for using gift cards. Follow these tips, and you’ll be able to use your gift cards with ease!
Tip #01: Watch for Expiration Dates
Some cards may have an expiration date – after which the card becomes void. Be sure to read the terms and conditions associated with your specific card, so you are fully informed of fees and expiry date.
Tip #02: Put Your Card in a Safe Place and Record Important Information
If you have a physical card, it’s a good idea to keep it somewhere safe. You should also keep it separate from any other cards that might be used at the same store (e.g., debit/credit). This way, there won’t be any confusion about which one you’re using when making purchases!
You might also want to jot down important card information, such as the issuer number, etc., in a notebook (to be kept separately from where you store your card). This way, if your card gets lost, then you can use the details for online transactions.
Tip #03: Treat It Like Cash
When using your gift card, it’s important to remember that it needs to be treated like cash. This means not spending more money than you have on the card and being aware of any purchase restrictions that may apply. It also means you should ask yourself the same questions you would ask before spending cash – like whether you need the item and if you can afford it.
Tip #04: Use the Card As Soon As Possible
Another thing to keep in mind is that you probably won’t get the most value out of your gift card if you save it for a rainy day. Most cards have an expiration date, so it’s best to use them sooner rather than later.
Tip #05: Use It On Necessities
Okay, so you may have gotten over excited and spent some of your card balance on things you didn’t really need. However, it’s important to remember that gift cards are best used for necessities – like groceries, gas, or other household items that you need to purchase anyway. This way, the money won’t go to waste!
Tip #6: Sell
Another way to ensure that you get the most value out of your gift card is by selling it. There are websites that will buy your unwanted cards and pay you in cash or PayPal credit. Tip: When choosing a buyer or website to sell to, be sure to do your research! Compare prices and read reviews to ensure you’re getting the best deal.
Do you have gift cards that you’re not planning to use? Get cash in hand today by selling them to us!