Target Redcard: Best For Gift Card Discounts
The Target Redcard is available exclusively for purchases made at Target, which means it is rather limited. However, this card doesnt have an annual fee, and youll get perks like 5 percent off everything you buy at Target and Target.com, free shipping on most items and exclusive offers and savings.
Why this card is ideal for gift cards: The Target Redcard also lets you save 5 percent off specialty gift cards for travel, restaurants, subscription services and more.
Do Gift Card Purchases Earn Credit Card Points
Whether you earn credit card rewards from gift card purchases will depend on the card that you have. Check the terms and conditions to see if they mention gift card purchases not being eligible to earn rewards.
Quite a few card issuers dont have any language in their terms and conditions prohibiting this, but there are exceptions. The terms and conditions for some American Express cards state that gift card purchases are not eligible for rewards. Wells Fargo includes the same language for its credit cards.
However, although it is not expressly prohibited by many card issuers, they may still block you if it seems as if you are abusing the system.
Give Out The Visa Gift Card As A Gift
Sometimes, you may be required to give a gift to a friend or a family member for special occasions such as weddings.
Since the prepaid Visa gift cards are usually bought in denominations of $100, $200 or $500, it can be an excellent gift and will essentially serve as cash.
Instead of giving a check, a Visa gift card is just as good.
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Where Are Visa Gift Cards Sold
With gift cards widely available online, in third-party stores, at banks and in a variety of other places, it would almost be easier for me to explain where you cant buy Visa® gift cards. But there are differences in the cards themselves and especially in the purchase price of each.
If you want a personalized Visa gift card, for example, youll have to order it online. If you want a Visa gift card quickly, youll need to buy it at a grocery store or send an electronic gift card instead. If you want to pay a low activation fee, then the gift cards at GiftCards.com are some of the lowest Ive found.
Of course, Im not a lawyer so I cant give legal advice, but I can speak from my own experiences. Below, Ill share the most common places Visa gift cards are sold and the benefits of each.
Getting More Rewards When Buying Gift Cards
While you may not be guaranteed rewards when buying gift cards , in most cases it will likely work out fine. Here are some of the best credit cards for buying gift cards, offering rewards at common gift card sources:
- American Express® Gold Card : 4X points at U.S. supermarkets , and 4X points at restaurants, 4x points at Uber Eats
- Blue Cash Preferred® Card from American Express : 6% cash back at U.S. supermarkets , 3% back at U.S. gas stations
- Blue Cash Everyday® Card from American Express : 3% cash back at U.S. supermarkets , 2% back at U.S. gas stations
- Chase Freedom Flex : 5% rewards rotate quarterly may include grocery stores, gas stations, drug stores, and Amazon
- Discover it® Cash Back : 5% rewards rotate quarterly may include grocery stores, gas stations, Amazon, Target, and Walmart
- Citi® Double Cash Card 18 month BT offer : 2% cash back everywhere you shop
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Visa Gift Cards Are Sold In Some Banks
Another place to buy Visa gift cards is from your bank. Not all banks sell them, but those that do typically sell cards to existing customers at a competitive ratearound $4 for any load value.
The primary benefit of buying gift cards from a bank is that you may be granted additional security features such as the same protection that comes with the banks credit or debit cards. The downside is that you typically have to be an account holder with the bank in order to buy a gift card. Check your bank to see if you can buy gift cards and what additional benefits are given to existing customers.
Compare Credit Cards To Buy Gift Cards
Buying gift cards with grocery store credit cards can be a great choice. This is because grocery stores can offer a wide selection of gift cards, and certain cards offer strong rewards at these locations.
Rotating-cashback cards can be useful as well, occasionally offering bonus rewards in categories such as grocery stores and Amazon.com.
Lastly, store-specific credit cards can be lucrative for gift cards on top of giving you rewards for everyday purchases. Be sure to learn their bonus-reward rules for gift card purchases, though. With the Target REDcard Credit Card, for example, you wont get the 5% discount on Target gift cards or prepaid cards, or on lottery, Stockpile or Gift of College gift cards.
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Video Transcript: Visa Gift Cards How They Work
Hi, Im Shelley Hunter, Gift Card Girlfriend here at Gift Cards.com, and heres what I love the most about Visa gift cardsthey can be used anywhere in the U.S. Visa debit cards are acceptedwhich to me, means pretty much everywhere. From little mom and pop restaurants to national retailers, if a Visa debit card is accepted, then the gift card will be too.
Heres a tip
Check Your Visa Gift Card Balance
Please have your gift card ready when you check the balance.
If you purchased or received a Visa gift card right from Gift Card Granny, visit our Visa balance check page for current balance information.
For Visa gift cards not purchased on Gift Card Granny, you must contact the financial institution responsible for your gift card in order to check the balance Visa is unique in that it doesnt provide gift card balances or transaction information for its gift cards.
Here are the most common issuing banks and providers of Visa gift cards:
See our Visa Gift Card fee schedule.
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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 .
What Is A Gift Card
A gift card is also a type of stored value card loaded with funds for future discretionary use. Only it contains a specific amount of money. Once this sum is spent down, the card can no longer be used. Gift cards also have expiration dates, which are often much shorter than that of prepaid cards.
Gift cards can be purchased in several different formats. The most familiar type is what’s technically known as a closed loop card: It is good only at a particular merchant or certain retailer and bears that outfit’s name and logo. Some retail groups will allow the same gift card to be used at any of their affiliated stores.
Gift cards began with specific stores. Now, however, many of the major charge or credit card issuers, like American Express, Visa, Discover, and MasterCard, are also offering gift cards, good anywhere the regular plastic is accepted. Known as open-loop cards, these are most easily confused with prepaid debit cards, especially since some of them are reloadable as well. These cards may carry a one-time activation fee.
|Prepaid vs. Gift Cards|
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Can I Use My Lowes Credit Card To Buy Gift Cards
Besides, can I use my credit card to buy gift cards?
Yes, you can use credit cards to buy gift cards at most retailers that offer them.
Similarly, can I buy a Visa gift card with my Lowes card? Lowe’s, a home improvement store chain, sells Visa gift cards in the gift cards display area of its stores, customer service representatives said. Expect to pay a Visa gift card purchase fee of about $5, which is added to the gift card amount. Visa gift cards are only available in-store at Lowe’s.
Also to know, can I use my Home Depot credit card to buy gift cards?
We can accept VISA, MasterCard, American Express, Discover and PayPal. Neither The Home Depot Consumer nor The Home Depot Commercial Revolving Charge Card can be accepted as payment for a Gift Card purchase because this site is operated by The Home Depot’s third-party partner, CashStar.
Why can’t I buy a gift card with a credit card?
In the past, most retailers prohibited shoppers from purchasing a Visa prepaid gift card with a credit card. That’s because many thieves would steal numbers and use them to purchase these cards which provided them with an untraceable card they could then use wherever they wanted.
gift cardsCash storecashSell Us Your Gift Cards
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Can You Take Money Off A Gift Card
Sadly, probably not. You cant simply take a gift card to an ATM machine and get cash immediately.
Why? Just for the simple fact that it is a gift card. However, there are plenty of options that you can do to get money in exchange for the value of the gift card.
You can likely get money off of a reloadable prepaid card. But thats not the question. We are talking about gift cards. Based on our research, the best option to get cash in exchange for a gift card is to simply sell it for a discount instead.
Visa Gift Cards: Frequently Asked Questions
What is a Visa Gift Card?Your DCCU Visa Gift Card is a prepaid Visa Debit Card with a specific dollar value. Your Visa Gift Card and its value are accepted at most places Visa Debit is accepted.
How can I check the balance on my Visa Gift Card?Call the number on the back of your card for balances and transaction history.
How can I use my Visa Gift Card?You can use your Visa Gift Card at most places Visa Debit is accepted. See Terms and Conditions for further information.
What should I do when the merchants sales terminal asks me to press Debit or Credit?You should always press the Credit button. Although the Visa Gift Card is not a Credit Card, the transaction is processed like one. You should always sign a sales receipt.
When I swipe my card, the terminal asks me to input my PIN. What is my PIN?A Personal Identification Number is not issued with the Visa Gift Card. If a PIN is requested, simply press Cancel on the terminal, then select Credit to complete your transaction.
What if the item I want to purchase exceeds the value of my Visa Gift Card?If the purchase amount exceeds the available card balance, then you must inform the merchant of the amount you want to pay with the Visa Gift Card and that you will pay the difference in cash, check, Credit or Debit Card. If the purchase amount exceeds the available balance of the Visa Gift Card, the transaction will be declined.
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Give Someone Complete Convenience With A Visa Gift Card
A virtual Visa Gift Card makes the perfect gift for anyone and is a smart gift for recipients of any age. They can spend the prepaid credit on whatever they want, whenever they want. It is safe to say that just about everyone would appreciate receiving a Visa Gift Card via email delivery. Want more online payment card options? Check out similar alternatives like the Mastercard Gift Card or Neosurf.
Where To Buy Gift Cards
Before you buy a gift card, ask if there are any restrictions on what you can buy.
Gift cards for various retailers are available:
- at Canada Post outlets
When you buy a gift card, make sure the retailer activates the card.
When you buy a gift card, you dont pay tax on the gift card. The retailer will charge tax when you buy a taxable item with the gift card. For example, you pay tax on a sweater you buy with a gift card, the same as you would when you pay with cash or credit.
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Visa Gift Cards At Grocery Stores
Grocery stores, most notably Safeway and some Walmart stores, carry Metabank-issued Visa gift card in increments of up to $500. These will usually set you back $4.95 each. Those fees are higher than Simon Mall and Giftcards.com, but if youre earning upwards of 6x points from credit card category bonuses, it may be worth paying.
Grocery stores often run promotions on Visa gift cards, like the Just 4 U cash back deal or gas rewards bonuses. These promotions can help off-set gift card fees entirely, or the value of the extra points can exceed the fees.
Reasons An Order May Have Been Cancelled
Your Visa gift card order may be cancelled for the following reasons: 1. The delivery address or email was deemed undeliverable.2. The personal or payment information provided did not match the details on file at your banking institution.3. Our third-party risk analysis partner refused to accept your order for compliance purposes.
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How Does My Navy Federal Visa Gift Card Work
You can use your card to pay for purchases at millions of places that accept Visa cards in the United States . The cards initial value is set by the person who purchased it. Additional funds cannot be added later.
How to use your card:
Can You Earn Credit Card Points From Gift Card Purchases
by Lyle Daly | Sept. 20, 2019
Many or all of the products here are from our partners. We may earn a commission from offers on this page. Its how we make money. But our editorial integrity ensures our experts opinions arent influenced by compensation. Terms may apply to offers listed on this page.
Gift card purchases could be a great way to score extra rewards points, but it depends on your credit card.
Gift card purchases could be a great way to score extra rewards points, but it depends on your credit card.
Everyone who has a rewards credit card wants to maximize what they earn back. For those who think a little outside the box, this can lead to the idea of buying gift cards to earn more rewards.
The logic behind this strategy is that many earn a higher bonus rate at specific types of stores, so you could buy a gift card at a store where youll earn bonus rewards, and then use the card elsewhere.
Lets say you have a card that earns five points per $1 at office supply stores and only one point per $1 at grocery stores. You could use that card for a $100 purchase at the supermarket and earn 100 points. Or, you could buy a $100 supermarket gift card for yourself at an office supply store and earn 500 points.
It seems like a smart way to earn more points. The only question is whether it works.
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