Gift cards: They're the go-to present for birthdays, holidays, and special occasions. They offer flexibility, allowing the recipient to choose what they want. But beyond their role as a convenient gift, gift cards can also be a savvy tool for saving money. Here's how you can use them to your advantage.
Several websites and stores sell gift cards at less than their face value, especially during promotional periods or holidays. Websites like Raise or CardCash offer a marketplace for people to sell unwanted gift cards, often at a discount. This can be a great way to get more bang for your buck.
Most retailers allow you to use gift cards in conjunction with coupons or during sales. This way, you're not only using money that was discounted initially but also getting an additional discount through sales and promotions.
Unused balances and expired cards are wasted money. Use apps or dedicated websites to track the balance and expiry dates of your gift cards. Ensure you use them before they lapse, and try to spend close to the exact amount to maximize their value.
If you receive a gift card for a store that you don't frequent, consider regifting it to someone who would appreciate it more. Just ensure it hasn't expired, and the balance is intact.
If you have a gift card you won't use, consider trading it. Some websites allow you to swap gift cards. Alternatively, ask friends or family if they'd like to exchange gift cards.
If you have gift cards for stores like Amazon or Walmart, use them to buy everyday essentials. It's like giving yourself a discount on necessary purchases.
Especially during the holiday season, many retailers offer promotions where purchasing a gift card comes with an added bonus. For instance, buy a $50 gift card and get a $10 bonus. This is an excellent opportunity to get extra value.
Some cashback apps and credit cards offer rewards or cash back for purchasing gift cards. This can be an indirect way to save on future purchases.
If you know you'll be shopping at a particular store in the future (maybe for a birthday or upcoming event), buy a gift card during a sale or promotional period. This way, when it's time to shop, you've already secured a discount.
While gift cards can save you money, they can also encourage unnecessary spending. Stick to your shopping list and avoid the temptation to spend more than the gift card value.
Gift cards are more than just a convenient gift option. When used strategically, they can stretch your purchasing power and offer significant savings. With a bit of planning and smart strategies, you can make your gift cards work harder for you.
