If you’re thinking about buying a gift card for a loved one, it’s important to consider the pros and cons. They’re a great option if you’re short on time and don’t want to worry about wrapping, but you may also have concerns about the potential drawbacks. Fortunately, the laws surrounding gift cards have changed in the buyer’s favor, so many of the negatives no longer apply. So, are gift cards a good idea?
Why do Gift Cards Make Good Gifts?
There are several reasons that some people consider gift cards to be better than physical items. These include:
The receiver can choose exactly what they want according to their needs and taste
You can purchase gift cards for necessities like gas and groceries
The person you buy it for can get more for the money by redeeming the gift card during sales periods
However, gift cards aren’t just great to receive. They have several other benefits for the buyer as well.
Benefits of Buying Gift Cards
Gift cards are a smart choice for money-savvy gift shoppers because they cost less to send in the mail than a parcel, saving you money. They’re also a great time saver , and you won’t need to worry about buying something your recipient won’t like.
In some circumstances, you may be able to get gift cards for free. Some credit cards come with reward schemes that allow you to swap points for gift cards. Many online reward sites also offer gift cards as incentives for completing short tasks like answering surveys.
How to Redeem
You can redeem gift cards in person instore or online by typing in the gift card code. You won’t need to worry about fees as the law prohibits them within 12 months of purchase. However, make sure to check the expiry date , although most remain valid for at least five years.
The Bottom Line
While some people say that gift cards are impersonal, they can help save money and allow the receiver to get exactly what they want. If you’re not sure what your recipient likes, try to buy a gift card for a store that stocks a wide range of products.