Buying a Gift Card: Four Things You Must Consider

What kind of card should I choose? You have two main varieties of gift cards to choose from. There are those that are specific to a certain store and others that can be used like a credit card at a range of venues. It sounds like a general purpose card is the better deal because it offers the recipient even greater choice, but you'll want to be sure the card is widely accepted.

Where should I purchase a gift card? Purchasing your card online is convenient. Buying a gift card online can save you time and money. It is easier than going to your local store to make your purchase, plus your friend will thank you if you purchase a card that can be used in their locality.

Can my gift card be turned into cash? It's typically the general-purpose cards that allow you to cash out. Most store-specific cards only allow you the option of getting store credit. They prefer keeping your business captive. Save yourself the trouble of purchasing a gift card from a store that your special family member might not like.

Can I use my gift card for all kinds of purchases? You may be surprised to know that general-purpose cards that can be used everywhere, for everything. For example, you can use your general-purpose gift card at the gas pump and pay at the pump.