Gift Cards – A good deal?

The Saving Freak wrote an excellent post about gift cards becoming a risky purchase.

Have you ever thought about what a gift card really is?  A gift card is where someone takes the national currency (US Dollar, British Pound, Euro, etc.) and converts it into a store currency.  This severely limits the use of the currency.

And if the company issuing the gift card declares bankruptcy and shuts its doors?  The currency becomes useless.

Read The Saving Freak's article HERE

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One Response to “Gift Cards – A good deal?”

  1. tehnyit July 23, 2008 at 6:04 am #

    I don’t know why anyone would use a gift card as a gift. Some shops charge a servicing fee for the gift card, so it actually cost more than the face value of the card.
    Why not just give them the cash? Just the chinese do in their red packets.

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