Gift cards have become a popular way to shop, especially during holiday seasons and promotions. They offer flexibility, convenience, and often serve as a great gift option. But did you know that you can also use gift cards to maximize your savings and earn rewards? In this blog post, we’ll dive into different strategies for using gift cards effectively so you can get the most out of your purchases.
1. Take Advantage of Discounted Gift Cards
Many retailers and third-party websites offer discounted gift cards, meaning you can buy them for less than their face value giftcardmall/mygift. Websites like Raise, Gift Card Granny, and CardCash allow you to purchase gift cards at a lower price, sometimes up to 30% off.
Tip: Look for deals on gift cards during sales events like Black Friday or Cyber Monday, as many retailers offer additional discounts on gift card purchases.
2. Stack Gift Cards with Sales and Promotions
One of the best ways to stretch your dollar is by combining gift cards with ongoing sales or promotions. For example, if you have a $100 gift card and a retailer is offering a 20% off sale, you could apply the sale first and then use your gift card to pay for the discounted price.
Tip: Always check for extra promotions or cash-back offers while shopping. Some credit cards or loyalty programs provide additional perks when using gift cards for purchases.
3. Earn Rewards Through Loyalty Programs
Many retailers offer loyalty programs that reward you for shopping with them. By purchasing a gift card and using it to make future purchases, you can still rack up loyalty points or earn rewards. For example, Starbucks, Amazon, and Best Buy all have loyalty programs that give you points for spending, which can be redeemed for discounts, free items, or other benefits.
Tip: Use a credit card that offers extra points or rewards for gift card purchases. Some cards may offer bonus points for specific types of spending, such as groceries or gas.
4. Use Gift Cards to Budget Your Spending
Gift cards can help you stick to a budget. When you load a set amount of money onto a gift card, you limit yourself to that amount, helping you avoid overspending. This is particularly useful for categories like entertainment, shopping, or dining out, where it’s easy to get carried away with impulse purchases.
Tip: Use prepaid gift cards for non-essential expenses, such as dining, shopping, or entertainment, and treat them as a budgeting tool.
5. Transfer Gift Cards to Digital Wallets
If you prefer digital payments, you can often add gift cards to digital wallets like Apple Pay or Google Pay. This allows you to pay quickly and securely without needing to carry physical cards. Additionally, some digital wallets offer cashback or rewards when using linked payment methods.
Tip: Always check if the retailer allows you to load your gift card into a digital wallet, as it can be a convenient way to keep track of your balance and avoid losing physical cards
6. Resell Unwanted Gift Cards
If you receive a gift card you don’t need or won’t use, you can often resell it for cash or exchange it for a card that suits your preferences. Websites like Cardpool and GiftCardBin allow you to trade or sell unwanted gift cards.
Tip: Be cautious when selling gift cards online, as some platforms charge fees or offer less than the card’s face value. Make sure to compare offers before committing.
7. Utilize Gift Cards for Travel and Experiences
Gift cards aren’t just for shopping. Many travel companies, airlines, and hotels offer gift cards that can be used to pay for flights, accommodations, or experiences. Using these gift cards for travel-related purchases can help you save money on your next vacation or business trip.
Tip: If you’re planning a trip, consider buying gift cards for airlines or hotels in advance when they go on sale, so you can save money on your booking.
Conclusion
Gift cards can be more than just a convenient way to shop—they can also be a powerful tool for saving money and earning rewards. By taking advantage of discounted gift cards, combining them with sales, and using them strategically within loyalty programs, you can unlock valuable savings. Whether you’re budgeting, treating yourself to a gift, or preparing for a big purchase, gift cards are a versatile and rewarding option. Start using these strategies today and maximize the value of your gift card purchases!