What are the fees?4 of 9With a retailer gift card, all of the money you spend goes onto the card.With a bank-branded card, you'll usually pay a small fee when you buy, in addition to the face value of the card. Fees are usually based on the face amount and range, on average, from $2.95 to $5.95, says Wright.Whatever kind of gift card you buy, the Credit CARD Act guarantees that users can't be charged any fees during the first year. And the card can't expire for five years. Related Articles:2010 Gift Card Study results2010 Gift Card StudyNew rules for gift cardsGift card regulationsRelated Links:5 ways to spend gift cardsGift cards at a discountGift card rule changesCARD Act 'gotchas' advertisement
With a retailer gift card, all of the money you spend goes onto the card.
With a bank-branded card, you'll usually pay a small fee when you buy, in addition to the face value of the card. Fees are usually based on the face amount and range, on average, from $2.95 to $5.95, says Wright.
Whatever kind of gift card you buy, the Credit CARD Act guarantees that users can't be charged any fees during the first year. And the card can't expire for five years.
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A little research could save you BIG on interest.