February 28, 2011
On Jan 5, 2011, the USPS notified the federal postal regulators that it will begin test selling gift cards via USPS retail locations on May 2011 for a period of two calendar years. Initial plan is to test an “open loop” gift card, which can be utilized at most retailers and not just with USPS. An “open loop” gift card is similar to pre-paid bank gift cards. Most likely, USPS will partner with a bank or credit brand, such as American Express, Visa or Mastercard. Continue reading…
January 31, 2011
Best Buy is selling iTunes gift cards of $50 or more at a 15% discount. A quick check of Best Buy’s online inventory indicates there are three different $50 gift card and one $100 gift card design. Not sure how long the sales will last, so hurry up and get your new iTunes gift card before it is backordered. The gift cards are only good for digital goods and not valid at Apple stores. So don’t think of trying to use it to purchase an iPad. In addition, free standard shipping and not available for in store pickup.
From a deal perspective, this is about average. Costco used to offer a slightly better deal on iTunes gift card before they got snubbed by Apple. For example, a six pack of $15 iTunes cards ($90 total) was available for $75, which translates to a 17% discount.
December 17, 2010
With the increase in popularity of gift cards, pre-paid general purpose gift cards issued by financial institutions have also proliferated. In the past, these types of gift cards were laden with abhorrent fees. However, with the gift card provisions of the CARD Act of 2009 now in effect, prepaid gift cards are now more consumer friendly. There are still fees, just not as obscene as before. For example, periodic fees are limited only one per month and only after one year of inactivity. One time fees, such as purchase, issuance, activation, replacement, cash-out fees are still allowed but needs to be fully disclosed.
With scores of prepaid general purpose gift cards out there, we’ve done the heavy lifting to shift through all the disclosures to find the best ones. Continue reading…
November 22, 2010
Starting on November 22, 2010, Restaurant.com will be giving away FREE $10 gift certificates through its Feed It Forward program. Anyone can sign up to give up to 40 gift certificates per day to anyone else. Main stipulation is that the recipients must have a valid name and email address. The promotion ends on December 31, 2010, so hurry up and start giving.
November 13, 2010
If you are looking for a versatile present this holiday season without going over your budget, then you should consider a prepaid gift card by American Express. It is one of the best general purpose gift cards out there. The AMEX pre-paid gift card has no fees after purchase and the funds never expired. That’s right, no dormancy fee or re-issuing fee, unlike most Visa or MasterCard gift cards.
Use the following promo code Continue reading…
October 29, 2010
Recently, I’ve received multiple emails offering a FREE $1,000 WalMart gift card. My first instinct was that these offers have got to be a scam. There has to be a catch, because nothing is free, especially for a $1,000 gift card. In addition, with all the exposures to Nigerian 419 frauds, phishing schemes and malware tricks out there, anything dubious sent via email should set off a warning signal in your brain.
A closer inspection reveals Continue reading…
September 30, 2010
A quick browse of Luckychic.com will show gift cards being sold at pennies to dollar. That’s right. A $50 Costco gift card was recently sold for $12.40. A discount of 75%!!! This is incredible. Your first thought should be, “There has got to be a catch?” Well there is. Luckychic.com is penny auction website. Penny auction, properly known as a bidding fee auction, is an auction format that requires participants to purchase bids upfront. The buyers can then use the bids to win auctions. A bid will increase the price of the item by a small amount and typically extend the auction deadline. The last bidder when time runs out of the auction is the winner. Continue reading…