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Can I Buy A Gift Card With A Gift Card

They Offer Convenience But Can Come With Hidden Fees And End In Wasted Funds

Can you buy gift cards with a credit card?

      Almost all retailers offer consumers gift cards as a way to shop or give money to friends, both in the online and brick-and-mortar variety. There are two types of gift cardsphysical and digital and each comes with a wide range of features and benefits. If youre interested in purchasing gift cards for others during the holiday season, or you want to buy them for yourself, it helps to understand how they compare with other payment methods.

      Can You Earn Credit Card Rewards Doing So

      One major benefit of using a credit card to pay for gift cards is the fact you can earn rewards on your purchase. If you plan to give someone a $50 gift card for their birthday, for example, you could buy a gift card with plastic and earn points or cash back on that purchase, whereas you wouldnt earn anything if you gave them a $50 bill instead.

      Just make sure you pick the right type of rewards credit card for your gift card purchases. Some rewards credit cards only let you earn cash back, while others offer flexible rewards or points you can use in a specific airline or hotel program.

      + Can You Buy Home Depot Gift Cards With A Credit Card Images

      Discount gift cards you can routinely find gift cards for home improvement chain stores on sale for a discount on sites like raise, gift card mall and cardpool. The home depot egift card details. Follow these simple steps to get a free home depot. For egift cards, we accept visa, mastercard, american express, discover and paypal. From cash and bank transfers to gift cards and payment applications, you can select the option most suitable for you. In addition to physical gift cards, you can also purchase home depot egift cards online.

      In fact, that’s its primary selling point. The benefits of buying used gift cards. Get started on your next home improvement project with a home depot gift card. From cash and bank transfers to gift cards and payment applications, you can select the option most suitable for you. Neither the home depot consumer credit card nor the home depot commercial revolving charge card can be accepted as payment for a gift card purchase. As such, you can find gift cards that have a decent balance loaded on them without paying full cost for the card.

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      Can You Buy Gift Cards With A Credit Card What You Need To Know

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      You can usually buy gift cards with credit cards, but some stores may have restrictions. Depending on your credit card issuer, you may not earn rewards on these purchases.

      Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Advertiser relationships do not affect card evaluations. Advertising partners do not edit or endorse our editorial content. Content is accurate to the best of our knowledge when it’s published. Learn more in our Editorial Guidelines.

      Who Makes The Gift Card Rules

      Can i use a walmart gift card to buy a gift card ...

      In 2009, Congress passed a federal law called the Credit CARD Act of 2009. With its passage, merchants could no longer put expiration dates on gift cards shorter than five years nor could they charge gift card fees for non-use in less than a year. I looked through this Act and could not find anything regarding the legality of buying a gift card with a gift card. So next I turned to State gift card laws and again could not find any reference to this type of transaction.

      Since there is no federal or state law dictating whether or not you can buy a gift card with a gift card, companies get to decide if they will allow consumers to use gift cards in their stores to buy other gift cardsthat includes buying the same brand card or a third-party card. Keep in mind, however, that Visa gift cards are different. While you may not be able to use a stores gift card to buy another gift card, you can probably still use a Visa gift card to buy a branded gift card. Ill explain more below.

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      How To Avoid Cash Advances When Buying Gift Cards With Your Credit Card

      If youre worried about cash advances, call your card issuer and try these strategies:

      • Ask if your gift-card purchase will code as a purchase or cash advance.Your issuer may be able to tell you outright if youll need to worry about cash advances.
      • Turn off cash advances for your credit card.If your issuer allows this, any cash advances will simply be declined when you use your credit card for them.

      Gift Cards: The Rules And Fine Print

      Prior to purchasing a gift card, the U.S. Department of the Treasury recommends that you read the product disclosures to understand the important terms and conditions of the account.

      Some key items it suggests considering include:

      • Any fees that apply during or after the sale that reduce the value of the card
      • What to do if the card is lost or stolen
      • What to do if there are problems with the card
      • Where the card can be used
      • How to claim any unused portion of the card

      To protect consumers, U.S. regulations require that all fees be disclosed on the gift card itself or on its packaging. If the gift card has an expiration date, the date must be at least five years after the gift card was issued. Many states also have more stringent rules and some require that gift cards dont expire.

      Its also a good idea to keep the receipt with the gift card in order to ensure the card can be used .

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      Can You Buy A Visa Gift Card At Walmart

      Yes, you can buy Visa Gift Cards at Walmart stores and online.

      Visa Gift Cards can be loaded with any amount between $25 $500, or purchased with a set amount according to that particular Gift Card.

      Additionally, Hawaii residents will not have access to $25, $100, or $200 listed Visa Gift Cards.

      Also, those living in the state of Hawaii and Vermont will be unable to purchase Visa Gift Card Multi-packs.

      Buy Things To Donate With Gift Cards

      Buying a Gift Card with a Gift Card Challenge!

      Rather than give the gift card itself to a worthwhile cause, see if you can buy something to donate instead. For example, if the school year is about to begin, buy a new backpack and some school supplies for a foster care organization. If you have a sporting goods gift card, consider buying new soccer balls, ping pong paddles or kick balls to donate to a youth after school club. If you have a clothing store gift card, buy new clothing items to donate to a womens shelter. Buy batteries and copy paper for the school. Buy hand sanitizer for teachers. Buy cereal for the local food bank, etc. If youre willing to shop in order to give something away, there should be ample opportunity to do so.

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      When I Buy A Gift Card With A Credit Card Is This A Cash Advance

      The answer is usually not. Buying a gift card with a credit card is usually considered a purchase. However, this transaction could be coded as a cash advance in certain instances, such as when:

      • You buy a prepaid card.Products such as Visa Gift Cards and American Express Gift Cards are sometimes considered cash equivalents, especially as they can be used virtually anywhere credit cards are accepted. Youll rarely have this problem with closed-loop credit cards, because they can be used only at the stores that issue them.
      • You buy a gift card at a financial institution.If your card issuer generally codes a merchants services as cash advances, your gift-card purchase may fall under this category as well.

      Blue Cash Preferred Card From American Express: Best For Us Supermarket Purchases

      The Blue Cash PreferredĀ® Card from American Express lets you earn 6 percent back on up to $6,000 spent at U.S. supermarkets each year , 6 percent back on select U.S. streaming services, 3 percent back at U.S. gas stations and on transit and 1 percent back on other purchases. You can also earn 20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $200 back. Plus, earn $150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership. You will receive cash back in the form of statement credits. A $95 annual fee applies .

      Why this card is ideal for gift cards: Use this card for gift card purchases when you shop for groceries at U.S. supermarkets and youll earn 6 percent back up to annual limits. You can also earn 3 percent back on gift cards purchased from U.S. gas stations.

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      Buy Things To Sell With Gift Cards

      The store you have a git card to might not have merchandise you enjoy, but perhaps somebody else will. If you have a gaming store gift card, for example, you can buy the latest video game and sell it via an online auction site or social media. If its back-to-school time and you know your friend is looking for a specific pair of shoes, go to the shoe store together. Pay for the shoes she wants with the gift card and she can give you the cash she would have spent on the shoes. As a good friend, Id give her a discount for helping me liquidate the card. Look for things that are okay to buy used and see if you can do a little shopping to earn a little cash.

      Regift Unwanted Gift Cards

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      One year, my husbands employer gave him two, 50-dollar gift cards to Benihana as an employee thank you gift. Benihana is one of our favorite restaurants, but we also happened to be a little pinched financially that year. So we kept one gift card to use and gave the other one to his parents for Christmas. In this case, we certainly wanted the gift card, but decided to regift it in order save money during the holidays.

      If you have an unwanted gift card that is in good physical shape and has a whole dollar amount left on the card, then consider gifting it to someone else. If the gift card looks like its been in your wallet for a few months or the gift card balance is an odd number , then see if you can take it to the store and get a replacement gift card that is more giftable. Although not all stores will let you buy a gift card with a gift card, I have done it multiple times. Since there is no federal or state law governing whether or not a gift card can be used to purchase another gift card, each store is allowed to set its own policy. If you redeem the used-looking gift card online, you may be able to have the new gift card wrapped, packaged and delivered to the recipient, free of charge.

      Make it a group gift! Tie your unused gift card to a gift card tree or wreathe.

      Look for your brand gift card in our Gift Card Balance Check Directory.

      Also Check: How To Redeem Gift Card On Google Play

      Why Would I Want To Buy A Gift Card With A Gift Card

      To Give As A GiftLets not beat around the bush sometimes gift cards get regifted. But sometimes the amount on the card isnt what you want to give. The store may allow you to use the gift card towards purchasing another one in your preferred amount. And voila, its time to regift!

      To Get The Gift Card Of Your ChoiceSometimes you get a gift card and you think, What in the world am I going to do with this? Luckily there are certain brand stores that allow you to use their gift cards to purchase other cards that are sold at their store. This way you can use the gift card towards something you want.

      How To Purchase Gift Cards With A Credit Card

      Buying gift cards in person is a breeze regardless of how you decide to pay. When you buy a gift card with a credit card in person, you simply bring the gift card to the register and choose credit as your form of payment.

      The scene is similar when you buy a gift card online and pay with a credit card. If you want to buy an Amazon.com gift card online, for example, you would simply head to Amazon.com and select whether you want a gift card mailed to you, one you can print at home or a gift card via email. From there, you add the gift card to your online cart and proceed to the payment page as normal.

      Plenty of other websites let you buy gift cards and pay with a credit card using a similar method, including Staples.com, Walmart.com and Target.com.

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      Want To Get A Visa Gift Card

      A smart gift anyone can appreciate.

      The Visa Gift card is an ideal choice for birthdays, holidays, weddings, and suits all your gift-giving needs. It’s also perfect for people of all ages. You decide how much money to give they decide where to spend it.

      You will receive important information regarding the Visa Gift card such as how to activate and use the card. This information should be given to the recipient of the card.

      Emv Cards Fraud And Gift Cards

      How to Pay on Amazon Using a Gift Card

      Sobasky explains, In 2016, some merchants that were not yet EMV-compliant created self-imposed restrictions to limit fraud by requiring cash for gift card purchases or restricting credit card usage when buying gift cards.

      Generally speaking, merchants that are EMV-compliant no longer set limits around the use of credit cards to buy gift cards, she adds. EMV chips are now on nearly all credit cards issued in the U.S. According to PYMNTS, Merchants who have upgraded to chip technology saw a decrease of 80 percent in counterfeit fraud dollars in September of 2018 when compared to September of 2015. Also, total counterfeit fraud dollars went down by 48 percent.

      Sobasky also notes, Any payment restrictions havent had a long-term impact on gift card purchases. Gift cards have been the most requested gift in America for 12 years running, based on data from the National Retail Federation.

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      How Gift Cards Work

      A gift card is a form of payment that can be used to make purchases at retail stores, gas stations, restaurants, and other locations. You load money onto the card, which you or the gift cards recipient can then spend at accepted locations.

      Gift cards can be open-loop or closed-loop. An open-loop gift card can be used anywhere that brand of card is accepted. For example, if you have a gift card thats branded with the Visa logo, you could use it to make purchases anywhere Visa is accepted.

      A closed-loop card, on the other hand, can only be used at specific merchants. For instance, if you purchase a gift card from Starbucks or Amazon, you or the gift cards recipient would be able to use them to make purchases only at the retailer issuing the card.

      Some prepaid gift cards charge a fee to purchase them. You may also pay a separate fee to reload money to a gift card if you wish to reuse it.

      Prepaid Credit Cards Vs Gift Cards

      When weighing the pros and cons of gift cards, its important to understand the distinction between them and prepaid debit or credit cards. Both can be used to make purchases either in stores or online, but while you might purchase gift cards to give away, a prepaid credit card is something you might use yourself for everyday spending if you dont have a bank account or would rather not pay with cash or a regular credit card.

      There are several cards offered by prepaid credit card companies that offer consumers the ability to buy cards and reload them at retail locations. For example, the PayPal Prepaid MasterCard allows users to easily transfer money between their PayPal account and a physical card that can be used anywhere that MasterCard is accepted.

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