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Money Management

Tips For A Thoughtful Gift Card Present

Image Source: S Becker / Shutterstock

Gift cards can be a lifesaver when you’re uncertain about what to get. They offer your loved ones the freedom to select precisely what they desire, making them both a considerate and practical choice. It’s no surprise that they are incredibly popular! A recent survey revealed that 53% of individuals prefer gift cards during the holiday season.

However, despite their straightforward nature, there are key things to keep in mind to ensure your gift card is well-received. Here’s a simple, friendly guide outlining the do’s and don’ts of giving gift cards.

What Exactly Are Gift Cards?

Gift cards are typically categorized into two types:

  1. Store-Specific Gift Cards: These are redeemable at a single retailer, such as a $50 Starbucks card or a $100 Sephora card. They’re ideal if you know the recipient’s preferences!
  2. General Gift Cards: Cards like Visa or Mastercard can be used almost anywhere. However, they often come with a minor activation fee.

Do’s: How to Excel in Gift Card Giving

Select a Gift Card They Will Appreciate
Consider the interests of the person you’re gifting. Are they a tech enthusiast? An Apple or Best Buy card may be your best bet. A foodie? A card for a restaurant might be just the thing. Tailoring the card to their interests shows extra thoughtfulness.

Encourage New Experiences
Gift cards can be a gateway to new adventures! A restaurant gift card could motivate them to discover a new eatery, or a movie theater card might lead to an enjoyable night out.

Choose the Right Format
Some individuals prefer tangible cards, while others appreciate the convenience of digital options. Consider your recipient—your tech-savvy nephew might enjoy a digital card, while your grandma may opt for a physical version.

Make Sure the Value is Significant
Ensure the card’s value allows for a meaningful purchase. For instance, a $10 card to an upscale restaurant may not suffice, while a $50 card could feel much more considerate.

Look for Deals to Save Money
Check stores like Costco for gift card bundles that offer savings. For example, you might find $100 worth of restaurant gift cards for only $80.

Utilize Credit Card Rewards
If you’ve accumulated points on your credit card, consider using them for gift cards. This is a great way to extend your budget while providing an excellent gift.

Don’ts: Mistakes to Avoid When Giving Gift Cards

Avoid Purchasing Damaged Cards
When selecting from a display, carefully examine the card for any scratches or signs of tampering. Scammers sometimes replicate barcodes to access funds. To be secure, request a new card from behind the counter.

Don’t Exceed Your Budget
Stay within your financial limits. A small, thoughtful gift card is preferable to overspending.

Watch for International Restrictions
Many U.S. gift cards are not usable outside the country. Always check the terms if you’re gifting someone abroad.

Keep Your Receipt
Always retain the receipt. If the card fails to work, it can serve as proof of purchase to resolve any issues.

Don’t Purchase Too Early
Gift cards are legally valid for a minimum of five years, but buying too early may decrease their usability. It’s wise to purchase closer to the occasion for your own peace of mind.

Stay Away From Suspicious Discounts
Be cautious of discounts that seem unbelievable; they could be scams. Stick to reputable retailers or platforms like Raise for smaller, safe discounts.

Why Gift Cards Are Always a Great Option

When facing uncertainty, a gift card is often a better choice than a random gift (like the infamous ugly sweater). Gift expert Martha Weaver notes, “A well-chosen gift card is better than a poorly chosen gift—and much better than a squirrel sweater!”

So the next time you’re at a loss for what to buy, keep this guide in mind. With a little consideration, your gift card can become the perfect present—making it stress-free for you as well!

Image Source: S Becker / Shutterstock

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