Avoid Gift Card Scams: Don’t Buy from Display Racks at Stores

The Dangers of Buying Gift Cards From Display Racks at the Store

Buying a gift card seems like an easy way to show someone you care. But did you know that buying gift cards at display racks in stores can be risky? Here’s why:

Hidden Fees

Those gift cards you see on the racks may not be as good a deal as they seem. Some retailers include hidden fees that can add up quickly. For example, a gift card with a $50 balance might have a $3.95 “activation fee” and a $2.50 “maintenance fee.” That’s almost 15% of the total value.

Expiration Dates

Another thing to watch out for is expiration dates. While some states have laws that prohibit gift cards from expiring, others do not. That means that a gift card purchased from a store display could have an expiration date that you’re not aware of. If you don’t use the card in time, you could lose the value altogether.

Loss or Theft

Gift cards can also be lost or stolen, just like cash. If you purchase a gift card from a store display and it gets lost or stolen, there’s no guarantee that the retailer will replace it. You could be out the entire value of the card.

Buying Gift Cards Online

So, what’s the solution? One option is to buy gift cards online. Many retailers offer e-gift cards that are delivered instantly via email. These cards often have no fees and no expiration dates, and they can’t be lost or stolen like a physical card. Just be sure to buy from a reputable retailer to avoid scams.

The Bottom Line

While gift cards can be a convenient gift, it’s important to be aware of the risks associated with buying them from display racks at the store. Hidden fees, expiration dates, and loss or theft can all lead to a less-than-ideal gift-giving experience. Consider buying gift cards online instead to avoid these issues and ensure that your gift is truly appreciated.