Prepaid gifts cards – Some love ‘em, and some hate ‘em. They make versatile gifts during the holiday season especially when one does not know what to present to a loved one. Others are not so fond of prepaid gift cards because they seem too impersonal. Whether you love or loathe prepaid gift cards, such as the ever popular Visa prepaid gift cards, you must agree knowing how to utilize them optimally will be advantageous to you in the long run. With the rising popularity of prepaid cards, you may want to reap the benefits of owning prepaid cards and weaning yourself off your heavy credit card usage eventually.

Tip #1: Learn How It Works
Just gotten your first prepaid gift card this holiday season? Before you go on a wild spending spree, do consider reading the fine print closely first. Some require you to pay minimal fees or activation charges upfront before you can start using the cards. They also come with expiry dates so do try to utilize the cards as soon as you receive them!

Tip #2: Utilize the Full Value, Down to the Last Cent
Did you know that consumers are losing billions of dollars each year because they waste the value available in their prepaid gift cards? They usually adopt the habit of buying something which has a lower value compared to that in their gift cards. Why not buy something, or several items, that costs more than the gift card value and pay the remaining amount in cash? That way you won’t feel guilty leaving even a few dollars in your gift card!

Tip #3: Be Wary of Online Retailers
If you think you are getting a juicy prepaid gift card deal online, think again. They may not be as cheap as advertised because you will be required to pay “shipping and handling” fees which will cost more than the gift card in the long tun.

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