Watch for these gotchas!

Avoid gift card pitfalls
They’re convenient and popular, but gift cards are often loaded with fees, expiration dates, and other hassles
A card is one gift that can keep on giving … grief.
Listed here are nine major annoyances that you should look out for when buying or receiving a gift card.
1. You lost your card and have to pay to replace it.
2. Your card can't be exchanged for cash, or it can but it'll cost you.
3. Your card's value is shrinking.
4. Your gift card is expiring.
5. You're charged a fee every time you use the card.
6. The card still has value, but it keeps being rejected.
7. You can't use the card anywhere.
8. The card's Web site says that gift cards can't be sent to your state.
9. You find it difficult to spend the last few dollars on the card.
Read more: consumerreport


Momamia311 said...

I'm so glad that you posted this. I will have to read more. Someone was telling me about all the "hidden" costs of these cards. It makes shopping easier but not if it is going to cost me more. I know that I have spent at least $5.00 just to purchase some of these cards. I would rather give the $5.00 to my little niece or nephew who would appreciate it more than Amex.

bobbi said...

Yes, thanks for posting this information. I saw on TV last night how many of these cards go unused. It is in the millions of dollars. They are very profitable for big business.