Gift Cards: The Advantages and Disadvantages

Gift cards are becoming more popular every year. In general, there are three types of cards: business gift cards, restaurant gift cards, and general purpose gift cards.

Try this site for store-specific gift cards which are designed for use in a specific store and are usually offered for a less hidden fee. Some stores, such as Old Navy and Banana Republic, become partners and allow their customers to use gift cards in both stores. 

Restaurant gift cards are very similar to store-specific gift cards. They allow you to have a nice dinner as a gift.

 Make sure you give the server the same percentage you paid for the total bill. General purpose gift cards give users a wider choice of places to use the card.

 These types of cards are usually Visa, MasterCard, or American Express and can be used wherever these basic credit cards are accepted. Flexibility is the main advantage of using a multipurpose card. You can fill up the gas tank, go out to eat, buy concert tickets, or whatever else you want to do with it.

Many multipurpose cards come with a fee. According to the article The Lowdown on Gift Card from, some gift card programs will issue another card if your card expires. 

If your gift card is lost or stolen, good luck! Some retailers do not replace lost gift cards.

So keep your card in a safe place, use it before it expires and buy directly from the retailer. You avoid most of these costs.