Gift Credit Cards
Gift Credit Cards are a popular choice for many consumers who are seeking the perfect gift for a friend or loved one. Sometimes it can be difficult shopping for a gift, so why not give a gift credit card and let the recipient decide what they want to purchase.
It’s important to know though that some gift credit cards come with hidden fees and you certainly don’t want the person you’re giving it to, to have to pay for anything. After all, it is a gift right?
Most gift giving credit cards do actually come with an activation fee. When you check out at the store you bought it at, you’ll discover that an extra activation fee is charged. Be sure to read the information on the card before you buy it so you know what you’re in for. Regardless of this, you should be the one to pay the fee, and not the person who will receive the gift card. Make sure that the activation fee is paid by you when you purchase it, and not by the recipient.
The cost for activating a gift card can be anywhere from $2.50 to $10. If it’s more than $10 it’s probably not worth it. Find another card. It’s interesting to note that there are probably hundreds of thousands of dollars, if not millions that end up being left on these gift credit cards as unused. Imagine all that money that was spent on it, but is never used.
Just take a look in your utility drawers at home or on your desk, and see if you have any cards lying around. Chances are, it still carried a small balance that you never spent. I guess someone is cashing in on these! What you could do is use a service like GiftCards.com to turn your unused gift card balances into cash because they buy them back from you.
Some gift credit cards will even deduct money from the available balance each month if the card isn’t used and of course, some gift cards will expire after a certain amount of time.
You can now even purchase a Virtual Visa gift account delivered in hours. This is a virtual gift card, so no actual plastic card is shipped. Once activated, it can be used for purchases online or over the phone.
