Gift cards can replace cash, and many businesses offer gift cards to customers as a way to shop for goods and services. Corporate gift cards, holiday cards, and even cash-back cards are offered for redemption online or at the store. But redeeming them may not always be easy, and if done incorrectly, one can miss out on significant savings and incentives. Here are five shopping blunders to avoid when using gift cards:
Not treating gift cards like cash
It is advisable to treat gift cards like cash and keep them where they are easily accessible and visible, like in the wallet. Additionally, holding off using them is a common gift card mistake, as one can easily forget or misplace the card So, treat it like cash to ensure that it is put to the best use whenever necessary.
Forgetting to cash out
Many retailers allow people to cash out a small balance left on the gift card after making a purchase. Retailers in some states are even required by law to pay the remaining amount. In certain states, the threshold for the payout is as low as $1. This option of immediate cashback is usually valid at physical stores. Here, one can even combine gift card balances and ask for store credit. It is a good idea to check with the cashier about the gift card policy.
Not checking the balance
After a few shopping trips, one may have many unused gift cards. These cards still have enough value to be used for another purchase. However, one can only do this if one is aware of the precise value of the cards combined. This is why keeping track of the unused amount is important. While stores may not directly have a system to consolidate different balance amounts, it is also possible to use multiple gift cards on a purchase during checkout at some stores.
Getting cards at online auctions
Some people receive gift cards that they do not wish to redeem and would rather get cash. So, they put up gift cards for sale at a reduced price on auction sites. While it may seem harmless, this could a huge gift card mistake as the validity of the cards cannot be confirmed. Additionally, before such cards are auctioned, scammers may skim and follow the magnetic data on them. Once the card is activated, fraudsters can use it to take advantage of all the included benefits. So, one should steer clear of auction websites and get cards from reputed retailers.
Not taking a picture of gift cards
Gift cards without magnetic strips have bar codes and card numbers that are difficult to remember. So, one can take a picture or save the information on one’s phone to ensure one is able to redeem it even if one misplaces the card.
Not checking for trusted sellers
A retailer can declare bankruptcy while still operating its stores and making sales. The business may only accept gift cards for a certain period or may cease accepting them entirely if bankruptcy proceedings commence. So, one should check the credibility of the seller before buying a gift card. If one’s looking for trustworthy gifting options and a variety of holiday discounts, Yeti is a great brand to check out. Yeti’s official store and retailer sites can offer massive holiday discounts on outdoor gear.
