7 reasons to give gift cards that many people don't think of (2023)

FAQs

Why giving gift cards are the best? ›

A Gift Card enables the person to buy whatever they like from the particular store. This freedom allows them to buy what they truly need, and it gives you the satisfaction of having gifted well.

Gift cards are not thoughtless — unless you get it for a store the receiver hates, but you love.

In terms of gift giving, gift cards might be preferable if you have no idea what to buy for someone on your gift list, as they allow the recipient to buy what they want and when they want.

We often give gifts to re-confirm or establish our connection with others, which means that they're a reflection of both the giver and the receiver, as well as their unique relationship. Giving a gift to someone we care about allows us to communicate our feelings and appreciation for them.

Convenience: Gift cards are easy to use and can be used at a variety of stores or online. This can be more convenient for the recipient than receiving a check or cash, which may need to be deposited or cashed.

Even a simple card or electronic message with a note of encouragement is viewed as a gift by the recipient. Gift giving is an act of kindness. Being kind to others improves a family's and a community's quality of life. Gift giving increases well-being.

Giving gift cards or cash as a gift at any time is hands down a better option than buying someone something they don't want or need. It can also make life easier if you're short on time and inspiration. Far from a last resort, they can be a Christmas saviour for all concerned.

Overall, gift cards seem to be more popular among gift givers than receivers. Many consider gift cards to be impersonal gifts that give the impression that the gift giver is lazy. There are also reservations about giving gift cards that might accumulate fees, decrease in value, or expire too soon.

Some gift cards carry an expiration date. The recipient must use the card within a certain amount of time, or the card becomes unusable. They have fees. Some gift cards — especially those issued by banks — carry fees for various events.

Do people prefer gift cards or cash? ›

A survey for the 2017 Health of Cash report by Cardtronics found that even though Americans are more likely to give a gift card as a present, more people would prefer receiving cash instead (50% cash vs 29% gift card).

Whether it's someone's birthday, an anniversary, or the holidays, Giving Good gift cards are a great present that let you treat a loved one, while helping a good cause. Each card donates 3% of your gift card purchase to the selected charity.

The look on the recipient's face when they open their gift provides a psychological lift to other person and triggers the release endorphins into their brain, producing the same euphoric feelings of pleasure and joy we can experience after a tough workout or when we're falling in love.

In essence, a gift card is a prepaid stored-value money card typically provided by a retailer, bank, or company to be used as a substitute for cash for transactions within specific stores or online platforms.

There's no better way to show them how important they are than by offering them something for their work. Free gifts also provide the employee with an incentive to meet targets. If they are being given free items, they may feel encouraged to work extra hours or take on higher workloads.

Any unspent money gets sent back to the retailer or bank, who are often happy to have it.

In total, 47% of gift card owners eventually lose out on the gift money. Rossman said people should clean out their wallets, junk drawers, glove compartments or anywhere a gift card could be.

Both types of gifts share three elements which must be met in order for the gift to be legally effective: donative intent (the intention of the donor to give the gift to the donee), the delivery of the gift to the donee, and the acceptance of the gift.

What are the four types of gift? ›

Parents pledge to give their offspring just four presents: Something they want, something they need, something to wear and something to read.

In addition, with Mastercard and American Express gift cards, funds never expire. However, the physical card itself may need to be replaced by a certain date. All you have to do is call the number on the back of the card and they will issue a new one.

Gift card programs help increase sales—and cash flow.

Gift cards represent a new sales channel that earns revenue in advance of the actual sale when the gift is redeemed. That added boost to short-term revenue can represent a big lift for vital business cash flow.

People appreciate what a gift card means, and relish in the chance to go and pick out what they really want to spend their card on. But don't take our word for it… Statistics also back claims that gift cards are now one of the most preferred gifts of recipients.

Under federal law, gift cards generally must be good for at least five years. The Credit Card Accountability Responsibility and Disclosure, or CARD, Act provides that gift cards sold on or after Aug.

“Everyone has a gift for something, even if it is the gift of being a good friend.” “A friend is a gift you give yourself.” “My father gave me the greatest gift anyone could give another person, he believed in me.” “Every problem is a gift - without problems we would not grow.”

In general, it means that you feel the best and most loved when you're giving and receiving gifts. “If your primary love language is gift-giving, it means that you express your love by giving others presents,” Guerra says. “The gift is an overt demonstration of your love and appreciation for the person receiving it.”

“But part of the uniqueness of the reward activation around gift-giving compared to something like receiving an award or winning money is that because it is social it also activates pathways in the brain that release oxytocin, which is a neuropeptide that signals trust, safety, and connection.

Buying things that aren't wanted isn't just awkward - it's a waste of money, time and resources. By giving the gift of choice, a gift card eliminates the chance of a disappointing present, and empowers your loved one to choose something they actually need.

How can I promote my gift card? ›