credit cards

7 questions to ask before buying a gift card

Where can this card be used?
2 of 9
Where can this card be used?

Do you want a card from one store or a bank-backed card?

A card for a particular merchant can be more personal. But if that merchant (or its convenient locations), go under before your recipient can use the card, it's money wasted.

Some retailers will also let you spend those gift cards at their online site or at sister stores in their corporate family, says Rebekka Rea, assistant director of the Retail Gift Card Association, an industry organization. But others may not, so it pays to ask.

A credit card-branded card is generally good wherever that card is accepted. And in a pinch, your recipient could use the card to pay a bill or buy groceries instead of the intended present.

And it's not always one or the other. Sometimes retailers partner to provide more spending options or create a theme card. For example, several retailers teamed up for a "dinner and a movie" card. With it, the giftee can purchase a meal from a number of related restaurants, and he or she can also buy movie tickets.

"I think that's really fun and different," says Rea.




Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 18.49%  1.50 16.99%
Cash Back Cards 17.01% --0.00 17.01%
Low Interest Cards 12.45%  0.63 11.82%

Credit Card Blog

Mike Cetera

What’s the most popular way to pay?

A new survey of 3,000 adults in the U.S. and Canada finds a higher percentage of people use cash weekly than credit or debit cards.  ... Read more

Connect with us