Gift Cards – Why I Don’t Like Them

I was interviewed by the Associated Press about gift cards the other day and my opinion on them. To be quite honest, I think they’re a terrible gift from a personal finance perspective, but I do understand why some people use them. It’s kind of like a convenience store. It’s not a place that I want to buy my items on a regular basis, but sometimes I do buy stuff there.

If you don’t know what to give as a gift, creatively giving money is a much better option or just sending a check. The problem I have with gift cards is that if they are bank based gift cards, they come with a lot of fees that can significantly reduce the amount you are giving and Mall Gift Cards are u


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2 Responses to Gift Cards – Why I Don’t Like Them

  1. Andy says:

    1. Recieve Horse.
    2. Open Mouth.
    3. Inspect teeth.

    I’ll take anything I can get. I can always find something at the store I recieve a gift card for, you can even order it from their website, have it delivered to the store and pay for it there using a gift card if they don’t accept them online.

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